Member Info for Theanalyzer

NewInvestor. Never invest what you can’t afford to lose. Diversify your portfolio. Do your own research. For now you just have to sit and wait. You can’t change what will happen for now so just relax. Ask your mate for his or her view - hopefully he or she is invested as well.

Cross the tea. The 3 exec directors also took some of the staff as well according to the press. Basically almost no people left as they had small number of staff.

When the inventory is purchased a 15% discount is applied to cash given to customer. That 15% plus the usual margin of the supplier should provide enough headroom for the reseller to sell the product and recover the cash is my understanding.

Warren Buffett may say buy when others are fearful but he means buy quality company with a strong franchise that will survive market turmoil not a POS like Iconic.

Forget potential shell value as well because this is likely to have net liabilities at a bit like widecells before it. There are cleaner and cheaper shells than this.

If SYME’s continuing suspension is its decision why doesn’t it state the reasons...

Haso why would share price rebound to starting price after RNS stating that it just lost 85% of its revenue? I suppose if there enough stupid people to buy. Have you bought any golden tickets yet?

Haso

The company just lost 85% of its revenue, its three executive Directors plus staff, is being sued by previous major financier and its largest shareholder is very unhappy. You say buy. I suppose it looks cheap by historical measures must be your logic.

Itisagame

Iconic won’t have much value as a shell because of the debts, litigation and ongoing loss making business post loss of Greencastle contracts.

I see this going into administration in pretty short order.

Shard have charge over all assets to secure their loan so I don’t see much value for shareholders.

It looks like game over.

85% of revenues gone with loss of Greencastle deals

30jp the numbers in the accounts that were audited ie to 31 Dec 2019 don’t cover SYME only the legacy ABAL business. So effectively no audit of the inventory monetisation business.

The interim accounts to 30 June 2020 were not subject to a auditor review ( not unusual for a company of SYME size and audited accounts to 31 Dec 2019 were pre RTO.

So how has the business been subject to audit twice?

In AZ we trust LOL. Is this some type of chant to ward off evil?

Last time I saw someone saying similar was in Amit we trust - that was on a tech business called Cloudtag...

Doctor Shipman. You were contrasting how bad lookers were versus SYME and yet SYME still haven’t been readmitted but Lookers were on the same day as they published interim results.

I suppose it’s all part of AZ grand plan like believing he planned to suspend shares (but forget to tell people in advance in the change of accounting year RNS).

Doctor100 so if lookers were so bad how come they got shares admitted back to trading on same morning as when interim results were published? SYME incompetence or something else...

LSE could charge professional rampers as well

Lookers shares suspended, interims out today, trading restored today.

SYME shares suspended, interims out today, trading not restored today.

Spot - I might be looking for a lower entry price

Might have to post a bit more just for your benefit

HKK not audited or even subject to review.

100009504 post your question here and perhaps it will get answered

Ponkey as it clearly states in RNS the going concern assessment is on group as it now exists and is a forward looking statement at least 12 months from date of approval of accounts ie 27 Jan 2021. Perhaps you should read what is in the RNS?