Member Info for WolfofWarks

Another ignoramus for the green box gang

I think the accounting and also regulatory approval are the two biggest hurdles.

Plus the sale will give rise to both a vat and potential corporation tax liability.

I think if a large chunk of the UK companies are SME they may well be reporting under FRS102, but the same still applies.

Sale of goods

Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership. It is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

From our mates over at Crowe

https://www.crowe.com/uk/croweuk/services/audit/financial-reporting-standards/frs-102-revenue-recognition

It's the 'risk and rewards' for me that haven't been transferred as the stock is not truly sold until it is with the end customer.

I'm fascinated to see how this plays out. Get past this and it could fly.

I've just had another read of the RNS and there is no reason why this investor is necessarily Italian or even European. It just says "The Investor is a leading global alternative investment fund manager". It could literally be anyone. Plus if you have a look into Storm Harbour although they appear to be HQ'd in Mayfair, London, they have offices in New York, London, Lisbon, Madrid, Hong Kong, Tokyo and Dubai.

I'm not convinced you have found them here. If they were privatised in the 80's that suggests they were in existence long before then.

You could be looking for a needle in a haystack.

Something I picked up on before and should settle the nerves for those who are nervous about the drop in SP. The forward guidance is £6.5m revenue from the Storm Harbour securitisation. So while there is a delay in terms of crossing the t's and dotting the i's there doesn't seem to be any impact of the expected financial performance of the first monetisation.

I’ve just realised when filtering that he’s spelt investor wrong!

That degree came in handy ....

Poorinvestor has joined demon in the green bin.

Absolute clueless divs. Spiteful little children not worth the effort.

I’m in avacta as well Tom.

Yes FB. Come spring if you take the UK as an example there will be a lot of companies that will need to start paying back government covid loans. SYME could be a like for like swap. Some of the bank backed government loans have restrictions on paying dividends as well.

Peak if someone calls you an idiot give them some back.

I’ve found the green box is a wonderful remedy to whatever he is waffling on about.

Hi Lioness - it actually sounds like we are on the same page.

Enjoy your walk.

Jeez Parm.

You’ve just demonstrated the complete lack of intellect on this board. It’s farcical.

Can’t you think of something reasonable to say to counter?

‘Of course genuine people with genuine concerns should post too . As that must be another function of this board. ‘

AP - this is all I am. Just someone who is invested and wants to explore the share the good and the bad. If I see something that doesn’t look right or think someone hasn’t understood something I pick them up on it.

I make no bones about it. This is a gamble - could make us rich but could go the other way as well. That’s my pitch.

AP - this is a bit rich given whenever I’ve tried to probe you on something you have never answered the question. Like last night. You either gibber on about something irrelevant or start copying and pasting bits.

Take the lead from WG.

The key to having decent discussions on here would be to have a word with your fan club as they close down any chance of discussion with the infantile nonsense.

Anyway I certainly don’t want to waste anymore time on here today than I did last night and great to see the the thread taken down.

Have a good weekend all.

If this does what it’s expected to do you won’t be worried about that average in four years time.

With HSBC it’s always instant as well.

Had a problem yesterday with orders being rejected but I put they down to a glitch.

Mick that's what I understand to.

The captive bank is still going through regulatory approval.

Storm Harbour is the first €300m monetisation that the RNS refers to.

Another fantastic contribution from Demon.

A credit to the board.

Hmmmm I’m not great at trading but I think this could be the play here now for the foreseeable future. Next securitisation should have been in March but likely delayed now.

Potential bloodbath here today I suspect. Missed SH deadline and only one funder so far. Possibly a dilution as well.

Very wise in not committing to more deadlines. Another lesson learned for AZ hopefully.