RE: TW article31 Aug 2020 14:21
@Chalker the 1 post SYME stalker. What Market cap would you give SYME. Below is the SYME timeline and a projection of growth revenue share price and dividends going forward.
Great post there @futuresbright
* 2014 — Business originally founded as part of the AvantGarde Group
* 2016 — First pilot project, inventory monetisation for an electronic goods ?distribution company ?
* 2017 – 2018 — Second pilot project, for a major Italian meat processing ?enterprise ?
* 2018 — Supply@ME established as a separate entity within the AvantGarde ?Group via a NewCo structure ?
* 2019 — Partnership formed with SIA SpA to extend the technology ?platform and completion of the new legal structure focused on a scalable ?securitisation framework ?
* March 2020 — Supply@ME attains a UK stock market listing via reverse ?takeover deal with ABAL Group
* April 2020 — Supply@ME engages StormHarbour Securities LLP to manage the distribution and placing of securitisation notes
* May 2020 - Initiation of research by Proactive
* July 2020 - Directors increase holdings
* July 2020 - Senior Management appointment of Stuart Nelson, former S&P senior director
* July 2020 - Trading update, 2023 target beaten. 97 companies and 273 companies on self funding. 16 Funding Investors found. Multiple banks in talks, UK pilot launching.
* July 2020 - directors loans shares as collateral.
* Aug 2020 - MOU signed with iMass LLC Abu Dhabi
* Aug 2020 - Directors increase holdings
* Aug 2020 - 4 hubs - London, Abu Dubai, USA & Europe announced in interview, UK Multi billion £ companies approach SYME
Scenario 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
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%
@0.75p On those numbers forward PE of
10 = 1.5p share price
20 = 3p share price
40 = 6p share price
Scenario 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
I'll leave off my scenario 3 for now..