Member Info for WolfofWarks

Micky I already know all that!

Micky that’s the point I’ve been making about the funders and where they decide to place their capital. I’m not muddying any waters. Syme competes for funders and there is a bit chunk of funds about to be derisked by the investment market. The original point was that this would creates opportunities for SYME in terms of gaining new potential clients but would make competition for funding more competitive.

My original post on the other thread drew on an experience I had earlier in the week where a potential ABL deal has been reduced by a large bank by the annual tax liability due to these new rules.

Dais just proved my point in one post lol

Poor - I was simply pointing out important legislative changes that affect the provision of finance. The simple fact is very few people actually understood the content and looking back I can’t believe I spent half the night trying to explain it’s relevance.

Then I assume today a load of silly nonsense has gone on and it ‘s been deleted so was all for nothing!

Yeah I’m still not 100% sure I want to take it on if this is going to be volatile, which it obviously will. I’ve had a mad week at work this week so haven’t had a chance to set it all up.

I’ve been fiddling around with the demo for a couple of months and have made a 40% return so far but took some ridiculous positions which I would never take with my own money.

But technically I could take a much larger position than I would have otherwise been able to. The simple solution is for HSBC just to make them available.

.... but assuming this email is legit AZ has confirmed that it is the investors who carry the risk of unsold inventory (which we pretty much knew), which makes the new crown preference rules very much relevant in terms of their risk appetite. This email is useful because it’s reveals a bit more about how this all works in practise. No mention of the insurance policy though.

“Dear Investor,

As stated, the framework is IFRS compliant: the Client Company accounts, accordingly, the sales of the inventory to our platform as revenues (income statements), cash and not debt (balance sheet).

The investors (securitisation notes-holders) face the risk of inventory unsold since the Client company has not any conditional or inconditional call option/ obligation.

The engagement of a BIG4 is helpful in order to manage future opportunities re the evolution of IFRS standards.

Thanks
Alessandro Zamboni
Chief Executive Officer
M +39 3351824956”

Yep it’s gone to the dogs. Whenever there is 30 new threads with no replies it’s time to do something else. That blue character has completely monopolised the board.

Anyway HE1 just trying to be a bit cute with my entry point as I don’t want to start my first CFD with a big loss. Possibly not the best share to start off with but I’m excited and want some exposure. I can already tell we’re onto something special.

When the Tesla stock split in the summer hsbc took a week to get the extra shares to me, meanwhile the price tanked during a mass profit take and then tech started selling off.

Damn yesterday would have been a great day to open a position

Plus I think you’ll get a lot of traders taking profit right at the end of the year for their financial year end, bonuses, etc.

Especially as we’ve had a pretty decent bull market since the vaccine news.

Of course I mean January not July :)

I think if we don’t get news by the 23rd it wouldn’t be stupid to protect your capital in my view. I’m thinking of selling 50% and then buying back in the new year.

Why? Well it’s unlikely that anything will happen in between xmas and new year. Offices will be running skeleton staff and all management and important figures will be on leave unless there is an absolute emergency. So the likelihood will be another general update on the 31st Dec which I don’t think will be greatfully received by the market and will pave the way to a cheaper re-entry at the start of July.

Of course I could be completely wrong.

Hi tomvisual - I’ve got a small holding left in Avacta which I’ve all but written off after the vaccine news.

Dasmee - I agree I think at this point it doesn’t matter what your average is if this takes off.

Hi Nikikiki

I’m a believer in making hay while the sun shines and we were on an upward trajectory. Sods law it’s slowed down since then!

This is only the start of my investment though. Once it becomes more and more proven I’ll strengthen my holding.

I’m happy with my risk at the moment though.

I’m holding out for my entry point with a CFD. I didn’t realise they were taxable for capital gains though, got them confused with a spread bet. The infuriating thing is I’ve got a load of cash sat in my share ISA.

I’m going to start holding properly in April with the new tax year unless HSBC make them available before then. Listened to the broker interview last night and it’s further strengthened my belief in it’s potential.

I’m at 26%

If I didn’t top up last week I’d be at 49%.

If SYME is a serious player they are not going to get tied up in bit coin imo.

Plus I don’t see the fit.

Cheers chaps. This is my second foray on forums after a ten year break from going on football forums. So I’ve seen every type of troll and wum going. Got to say LSE is something else but I guess when money and people’s dreams are in play it’s more emotive.

I’ve still got serious reservations about SYME and it’s a toss of a coin but you wouldn’t want to be out of it. I only ever tried to show posters the risks as well as some of the euphoric upside. I think I probably got a bit too involved to the point where every post seemed like a down play which wasn’t my intention. Plus I broke my cardinal rule about not arguing with folk on the internet - a pointless pursuit. Anyway now I just post what I think to be the facts of the case and let people decide for themselves what risk they are taking on, all easier when the share price is going up of course.

Anyways still looking into my options here, probably going to take on my first CFD with this till the new tax year. Just got to clear some funds as I don’t really do cash or tax if I can help it :)

I still think SH3 is a Russian bot.