RE: Interesting Forecast taken from advfn1 Nov 2020 16:00
Also taken from advfn, Sorry if already talked about, might help a few who are still researching......
If an investor is looking to invest in any company, one of the first ports of call is the number of issued shares. This needs to be be multiplied by the current share price to arrive at the market capitalisation.
SYME is valued today at £43M.If we knock off the shares that are not available to purchase, that’s the 74% main shareholder and the 3 institutions that have 5% each, we arrive at 11%,or just under £5M pounds worth.Of that £5M worth of shares most are tucked away with various shareholders and will not be traded. I estimate the true pool of tradable shares is about 20% of the 11%. That’s around a million pounds worth.If, as the company is currently forecasting,£250M of inventory goes onto the platform next month, and around £5M of cash is received, investors orders for shares will not be satisfied, at today’s price, in my opinion. A squeeze will occur pushing the shares higher.
Most of the information available on the company today, bar any interviews, and RNS News items since, was in the prospectus. Those that bought into the placing were also anticipating the above,and for that reason were prepared to subscribe for shares at over 3 times today’s price.
So long as SYME delivers, the future looks exceedingly bright.