Member Info for WolfofWarks

This is also the reason for the pivot towards larger corporate as the micro entities (which I think was the term he used) are unlikely to report under IFRS. Plus he talks about their systems needing to integrate with the platform - larger companies usually have more sophisticated set ups.

It’s the whole compliance/regulatory piece.

Crowe LLP where reported months ago.

I’m telling you now this will be to work on pushing the IFRS compliance through for the regulatory process.

I’d bet my house on it. UK and USA have tougher regimes and the compliance with IFRS 16 in particular makes this globally scalable. AZ explained it all in the interview around 17 mins in.

I wouldn't worry about the slowdown in client numbers as we are catching bigger fish, so there will naturally not be as many of them in shorter time frames.

Hypothetically speaking are larger companies not better? OK more risk if one of them goes bust (which is probably less likely) but surely servicing two or three smaller companies runs the danger of being 'busy fools' if the work and effort required is the same.

Tex - I think this may well be with the regulators at the moment waiting to be rubber stamped.

Everything else seems to be lining up nicely.

Yeah that works out £30m a contract on average.

Or if there are smaller companies in there as well an ever bigger contract value for the large caps.

Maddogmcree - I picked up in that as well and that is customers from three regions I think I read.

Maybe it’s all hands on pump with SH at the moment and at this stage they just need to get something over the line.

A bittersweet RNS for me. Storm harbour not finished but some good detail on other regional developments.

I would have expected to hear progress on the regulatory approvals. Interesting that they have teamed up with one of the auditing big boys on working through the IFRS side if things. This should be a good sign that they are working through it.

Sp wise - who knows?

That forecast has been around since the august rise and has never been updated.

If you look at other small caps they don’t really give much attention to them sadly, unlike someone like BP who would have 30 analysts forecasting.

The value of future monetisations depends solely in how many funders and to what level they want to invest.

So if this passes the regulatory test and is the new wheel, providing AZ has the resources in place and invests in the tech the sky is the limit.

If I recall correctly the captive bank at the minute will support €8b to 2024 but there is no reason why this wouldn’t be ratcheted up (and they’d be mad not to is a success).

Dickie - it’s not about laying into positive articles. It’s about cutting the wheat from the chaff.

Investors need decent verifiable information not scam sites and Uber ramps.

Jeez I was even talking grammar

1) An eye-popping 1000%+ price surge in August 2020 is indicative of where SYME is heading. A market slowdown and a second wave of the virus blunted AIM’s climb, pulling SYME down with it, but a rebound is inevitable as the vaccine news and post-election calmness fuels a recovery.

As is lovingly pointed out literally every time - this ain’t AIM

2) Our analysts forecast 44% YoY net profit growth through 2021; SYME has rode out the coronavirus blip without breaking sweat and added clients, entered two new markets and increased revenue. It has more than doubled its client base in less than a year with 142 client businesses lined up to securitize their inventories. Currently hovering around £0.50, but not for long, a 12-month valuation of £15.50+ is not outrageous on current trajectory.

Well we’ve not started trading yet, let alone booking revenue and making a net profit so I’d love to know they have forecast a 44% year on year increase. Plus if they actually looked at the interims we’re writing off a large loss from the valuation at the RTO date.

Very suspect ramping. To state the obvious DYOR.

Some of these articles are not far off being as bad as the scam articles for potentially robbing people of their money. There are two glaringly massive errors/inaccuracies in there.

Who can tell me what they are?

I agree with aim on this as well that I’d this is achievable by year 4 you’d have a much more streamlined processes, experience and resources so should be adding more then 50 a month.

Parm - using your methodology you’ve actually underdone the figures as the revenue repeats over three years so assuming all year one clients renew in year four for simplicity the model would be as follows:

Year 1 £60m - 50 clients
Year 2 £120m - 100 clients
Year 3 £180m - 150 clients
Year 4 £240m - 200 clients
Total £600m accumulated

Your £240m would be just from the first set of clients.

Now for me this is pie in the sky but If it did happen I’d obviously be delighted.

What quite often screws over the downstream suppliers is the terms demanded by the companies at the top of the chain. So if you take supermarkets and the farmers as a good example the supermarkets are paid by their customers straight away (cash or credit card) but typically pay their suppliers on 90 days terms. This causes a cash bottle neck down the whole supply chain.

This was a big enough issue for the UK government to introduce payment practise reporting where large companies have to declare to HMRC the number of invoices processed, value and what % wasn’t paid to terms. This information is then published by HMRC in order to name and shame persistent late payers.

Mr008 what is your rationale for this? This company doesn’t offer something our clients don’t already have - software to manage their inventory and procurement.

Mr008 surely we would be the target in this scenario?

If they are looking at offering finance they would be direct competition.

Although from when I was looking at their website last night it looks like they offer an MIS where the SYME tech is tracking the gap between finished stock and receivables so they would integrate. Something that AZ said in the interview is possible with larger companies as they have more sophisticated IT systems.

I’ve got a reduced holding here after taking profits after the last results back in September.

With the Q4 trading statement coming up on the 10th I’m thinking of piling in again, especially given the current SP. I’m guessing that given the update in November of an increase if 50% EBITDA its all pretty much priced in.

What do we think?

Although bizarrely I’ve noticed that young people are quite attached to the showbiz/gossip content.

I’ve just read the boohoo article on my iPad and the site is unreadable. There’s that much crap on it flashing all over the place.