Member Info for WolfofWarks

I’ve loaded up today to bring my average down.

Hopefully a good week ahead.

It’s day traders.

I ummed and arrred today over taking some profits but didn’t bother in the end.

So all strapped in for Monday!

I can’t see them attacking ISAs as they need to encourage people to save. As has already been said retrospective action while not unheard of is politically difficult.

I’m pretty sure the government had to back track recently on the retrospective loan charge.

You definitely need an accountant as this is a tax question which an IFA, unless they wear two hats, will not be qualified to deal with.

As someone has already said no one knows your exact circumstances so see a professional. There’s lots of variables that can affect you taxable income such as company cars, pension contributions, etc. I can’t remember if capital gains are included in the high income child benefit charge if you have kids, so that’s another consideration.

MrMarkyMark is sound.

He seems to do this on a cycle just to bring it down a bit I think.

Remember when he said he thought it was overvalued in the summer, then he down played battery day.

New price target $780 as we head for record close.

It’s a conspiracy theory without a shred of evidence. You’re becoming more and more venomous.

The biggest troll on here. Nothing but finger pointing and name calling.

No of course not. It’s just that it was mentioned earlier in another thread so I was trying to keep everything relevant.

Although whether you’re a bull/bear* fintech, tech in general either have growth priced in/are overvalued*.

* delete as appropriate

I was hoping for some constructive feedback.

Looks like my copy and paste from excel hasn’t quite worked. The customer payment term is two months, giving the three months financing required.

Slomo - I thought the client was able to borrow against 100% LTV against stock. Even with the discount the LTV would still be high. This would derisk being left with the stock a little.

Fortune - that reply makes no sense. When ever you’re lending money there is risk - even if is is secured on goods. This In itself problems when dealing with supermarkets (perishable stock0, the auto industry (highly depreciable stock), retailing (prone to change in consumer taste, etc.

When things turn sour you receiver whatever you can, it’s rarely ever 100% and you have to wait in line, which ii guess was extraders point earlier about HMRC jumping back to the front of the queue.

Anyway I want someone to kick the tyres on my calcs.

Well i assume transaction wouldn’t be profitable at they can only borrow up to the cost value of their stock. The client shouldn’t be able to borrow into the margin. Not buying the stock back wouldn’t make commercial sense to me unless they were in distress. Plus they’ll need to remove the stock (which Syme at this point would own) out of their storage.

This is where we could do with detail on the re-marketing and how the insurance works and who it us underwritten by.

In my book the valuation is no more irrational than Tesla having a PE of 1000+ despite only having 5 quarters profit and selling annually the number of cars someone like Ford sell in a month.

Plus €1.5m over how many years isn’t actually that expensive. I’m working on a IT development project with a larger two year budget and only six staff.

Elon’s done his usual leak a bad comment to the press to chop back the price a bit.

Some blocks called Bob turned up at GGP at the weekend and tried to cause havoc

The latest part of my research has got me looking at the clients taking on the stock monetisation will how the process will affect the gross profit and accounts of the client company and in all the material I have not seen how it would work in practise so have put together the following if anyone wants to have a look and let me know what they think. I have ignored the reversing sale and buy back in the middle of the transactions and just concentrated on the 8% fee:

Annual Purchases £120m
Stock £10m
Stock Turn 1 Month
Customer Payment Terms Months
Financing period required 3 Months
Platform Fee 8%
Gross Margin (Exc SYME Fee) £4m / £14m 28.57%

Stock Monetised 100% £10m

SYME Fee £10m x 8% x 3/12 Months £200,000.00

Profit and Loss Account
Sales £14,000,000.00
Purchases (Exc Fee) -£10,000,000.00
SYME Fee -£200,000.00
Gross Profit 27.14% £3,800,000.00

EBITDA Using Syme £3,800,000.00

EBITDA Without Syme £4,000,000.00
Interest Charge £200,000.00

Split of Fee to SYME
Funder 6% £150,000.00
SYME 2% £50,000.00
Total £200,000.00

I think Ted will be alright as we have a reasonably small store footprint and international appeal online.

Last update the turnaround seemed to going well and I hope the COVID crisis has done well for our online offering and what we have lost on smart wear is made up on casuals.

I've purchased quite a bit over the summer from the site and we've been discounting heavily. If we have a good update and get a decent rise next week I'll most likely take some profits.

Dickie - I've just realised you mentioned GGP which I'm in. They have literally struck gold and signed a JV agreement so hardly in the same place as we are here, which is basically in concept stage until we get regulatory approvals and storm harbour confirmed.