Always look under the bridge..8 Sep 2020 19:55
Afternoon away and the trolls come out to play..
Markets hit heavy but SYME just order filling for the big boys. Great buy opportunity for those not in or wanting more.
Money moves it, clearly the 80m BUY didn't want to pay top price. Order went in, MM's tested the weak and gathered up shares, took all afternoon.
Becoming a coiled spring more every day as we wait for the news. Can see a big jump coming when that hits.
Just remember...
Senario 1 Current business
96 companies at £1.3bn average of 13.4m
272 companies at £13.4m
£4,922m in inventory
6% of inventory which is £296m in revenue (includes coupon)
1% of inventory which is £49.2m in profit
32,755m share in issue
Earning per share £0.0015
50% of EPS paid for Dividend £0.00075 per share
Forward dividend yield of 10% @.7p share price
On those numbers forward PE of
10 = 1.5p share price
20 = 3p share price
40 = 6p share price
80 = 12p share price
Senario 2 Current and pilot business estimate
96 companies at £1.3bn
272 companies at £40m average in inventory £10.88bn (was the reported average for self funding model)
£1 Billion in inventory from Abu Dhabi pilot
£500m in inventory from UK pilot
£12,380m in inventory
8% of inventory which is £999.4m in revenue
1% of inventory which is £123.8m profit
32,755m share in issue
Earnings per share of £0.003779
50% of EPS paid for Dividend £0.001889 per share
Forward dividend yield of 20-25%
On those numbers forward PE of
10 = 3.7p share price
20 = 7.4p share price
40 = 14.8p share price
80 = 29.6p share price
I'll leave it there and leave scenario 3 for now. If SYME pull this off, every investor will be very happy. We could also have a world war next week, never invest more than you can afford to lose.
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