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Operational KPI dies mention country of orgin for IM pipeline..Results on SYME site only shoeing interms to Sept 23..RNS's again don't state country of orgin for the IM pipeline.
Next step following €135m deal with Neobank and Banoco BPM share consolidation 100 to 1 reducing shares in issue from 63 billion to 630m..
I will bring some flowers and give my condolences 🙏 ☹️!
Yes they were shocking...I did say a placement was on the cards.. imho.
Jemini
aka nobbygnome you're trying way too hard!
It really won't work stick to 'Share Prophetless'.
Richred_uk
Can you be more specific in sharing the link where it claims there was a 99% shift from UK to Italian clients, cheers in advance!
I was thinking 10p at best!
Pretty obvious the market doesn't agree with the desperate rampers here!
Extrader
'Eminent'
Not looking good for you as SYME is stabilising and showing green shoots of growth.
What happened to your usual long winded whinging seems to burst that bubble through yesterday's RNS.
Next stop Banoco BPM.
If you think €135m is a chuncky size deal get a hold on for the Banoco BPM deal with 100 billion of loan assets.
Sharebel
What on earth are you talking about these are short term funding generating up to 3% fees I could easilyvargue the same €35m could be churned through 2 or 3 times a year as each tranche is drawn down and either repaid or rolled over..These are transactional fees to draw down not annual interest rates...hence 1% to 3% looks low but not when it's being churned through on several drawdown a year on the same funds.
Theanalyser
What exactly is the cost of delivery?
SYME has built a platform from scratch you now start using it everything else is sunk costs there are very little if any additional 'costs to delivery'.
The business model model is highly profitable once WL 'White Label' I'm giving the game away here IM's start ramping up!
€135m with transaction fees of up to 3% equates to €4m or £3.36 over 72% the way to reach breakeven at £4.8m per year!
A very good day with Banoco BPM to follow later this week..
Would be hilarious if we have Banoco BPM this week as well!
Lol..bet Tom Winnifrith is chocking on his late morning cornflakes when he read todays RNS!
Really are they colour blind should have gone to Specsavers lol?
HtTps://youtu.be/huPB3T0v_uQ?si=LExT1LAl8rCM0RIW
Banoco BPM deal also about to be announced everyone!
Nearly half the year gone and no sign of the £6m in order to extend the cash runway to Q2 next year.
It was around this time last year that the last cash placement was raised!
Miavoce
Revenue is cash at the end of the day is it not?
When is the next cash placement andvat what price...🤔
It's now getting pretty obvious that the additional £6m of revenues that Newland spouted finger wagging style in order to extend the cash run way till Q2 2025 are not going to materlise soon.
We now have RNS's proclaiming success stories but when you look for the financials they are just tiny miniscule amounts.
It seems these are designed solely to prop up the share price ahead of an imminent cash placement imho.
With cash dwindling to around £7m or £8m its about now thar news on a fund raise would be expected as you need a minimum of 12 months cash to meet going concern requirements for the auditor's to sign off the 2023 accounts in May.