Member Info for WolfofWarks

I’ve got 15 shares split between US, FTSE and AIM. The US and AIM excite me. FTSE is a bit safe and dull.

They’re heavily discounting at the minute. I bought two jumpers the other with 30% off.

Surely the II taking more shares is a positive sign that this is going to ... dare I say it ..... rocket ....

Question as I’m not too hot on how the IIs work. Are some of these shares not held by PIs? For example my shares are bought via HSBC so are nominee shares. They are not owned by me directly in my name. So my shares would be in the II allocation, even though I am a PI.

The audit should be the lynchpin for investors that they can trust that the financial situation they are disclosing is what the management say it is. When they bail it’s not good. I’ve got a suspicion there is more going on than just the low wages. Those figures were good but what means to achieve them? I’ll be sticking with ASOS for the short to medium term I think.

I thought ASOS drop was a but harsh yesterday but this today takes the biscuit.

The whole market is selling at the moment.

Today is absolutely die. I'm in Greatland Gold which is up 11% otherwise red across 16 shares.

Dominoes posted good results but are 8-9% down.

US opened up shiite

Parm

I have not said this is a fraud! If it was I wouldn’t have invested.

AP

You’ve waffled there mate and not actually answered any of my points.

Acidic?

I've no interest in barbing people on the internet. It's a fools errand.

poorinvestor.

I think SYME has huge potential. It also has hurdles to overcome. It's high risk in my view, but possibly high reward. I just don't think it's as high as some on here think.

You can only be so confident in a share, I like to play by my instincts, I don't always get it right though. It's a sport for me and I only use discretionary income that I can afford to lose. Fortunate to be in a position to be able to put £20k a year into my ISA now that I'm married, mortgage, kids, etc, and overheads are low.

Obviously my reply is aimed at AP...

"Firstly - it’s not SYME that needs central bank approval, it’s 1AF2 the owners of the bank that needs approval, nothing to do with us at all"

But if they do not receive approval then this directly impacts on SYME's ability to provide the monitisation no? SYME is effectively an agent in the middle of the client and the investor/bank/etc.

"Secondly we know this complies to accounting standards as it applies to ‘consignment agreement’ B77"

Consignment Agreement 77 is not an accounting standard. In accounts we look at substance over form and off the balance sheet financing as a hot topic at the moment. Operating leases for example now have to be capitalised as a right of use asset. SYME's non debt model needs to be tested and go through the audit process of several reputable companies (not based in Italy) so it can be tested in my view.

"Net and gross profit is just apply EBITDA .. will be looking at EV/EBITDA later.. "

EBITDA is an investor tool and only gives you the cash generation from the main operation. It doesn't give you the full picture - financing cost (for those indebted), depreciation, amortisation, taxation, etc.

I will never personally attack you. Just discuss with you, I can promise you that.

I can assure you all I am not any other poster.

If that happens on here I think it’s pathetic and folk need to get a life.

As for the other points time will tell.

CNBC saying second lockdown fears across Europe, failed stimulus talks again.

Everything plummeting

Parm. I'm invested but I like to hear and discuss both sides of the argument. I think this stock is quite risky and has some serious downside that many investors are refusing to probe or discuss. DYOR involved investigating the downside rather than dreaming of rockets and 16p by next year.

I think BeforeGolf has raised some quite valid questions around the accounting which I share myself. I notice from the RNS that this has had to be authorised by the central bank in Italy for that part of the operation. I will be interested to see how the BOE, HMRC and FCA view this. If they see no worries then this has great potential in the UK.

I'm also concerned that in all the figures that are being banded about on here (by posters with the very best of intentions) there is no concentration on cost, or a belief that they go up as a direct % of revenue (this would be the gross margin, not net), which is never the case. No concentration on management cost, platform re-investment, marketing, fixed overhead, etc. If we grow to the levels that are believed the company will need more capital so there will be cash calls, dilution, etc, etc.

I was very concerned reading Neddys post the other day and my heart went out to him, Everyone needs to DYOR and is responsible for their own personal choices but the possibly baseless euphoria on here can sway people who are new to investing or do not necessary know what they are doing.

Look I'm no expert but have a finance background so am naturally prudent on the finance/accounting side I guess, but I do enjoy exposure to high risk which for me this stock is.

Looks good on the face it of it. Another company successfully transforming into digital although is being impacted by the universities at the moment slightly.

Covid costs seem to have calmed down for companies that that there are proper established supply chains for PPE, screens, etc.

Any decent sized company should be able to track its inventory from raw materials to end consumer with technology. For example, without you would never be able to operate just in time systems, etc.

I guess the block chains sophistication is tracking the stock between client and whichever companies are involved in the vehicles/notes?

After ASOS today early RNS are not my favourite either ....