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SYME Supply@me Capital Plc

0.029
0.0005 (1.75%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Supply@me Capital Plc LSE:SYME London Ordinary Share GB00BFMDJC60 ORD 0.002P
  Price Change % Change Share Price Shares Traded Last Trade
  0.0005 1.75% 0.029 78,192,361 16:35:15
Bid Price Offer Price High Price Low Price Open Price
0.027 0.031 0.032 0.026 0.0281
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 767k -9.88M -0.0002 -1.50 18.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:53 O 1,000,000 0.0285 GBX

Supply@me Capital (SYME) Latest News

Supply@me Capital (SYME) Discussions and Chat

Supply@me Capital Forums and Chat

Date Time Title Posts
23/4/202413:55SYME *** PREDICTION *** FASTEST GROWTH ON THE LSE153,144
23/4/202412:31For SYME discussion only4,983
08/2/202412:53SYME 5p next - Game on 349
07/2/202414:49Syme Moderated 2,007
15/6/202308:09@SupplyME stock finance fintech co,12,133

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Supply@me Capital (SYME) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:14:540.031,000,000285.00O
15:07:480.034,3211.17O
15:07:480.03201,62764.52AT
14:59:370.033,352,881925.40O
13:48:470.03654,230187.11O

Supply@me Capital (SYME) Top Chat Posts

Top Posts
Posted at 17/4/2024 09:56 by cjb1971
Ah thx for your insight into the share price of MIN.Nobby wont be happy.Nominal price 1p.Trading well below that.
Posted at 17/4/2024 09:47 by pwhite73
If the shares are trading below its nominal value it means at that moment in time the markets think the company is worthless. In order to raise further funds the company would need to call a GM and recapitalise the shares. A company cannot issue new shares if the share price is below the nominal value.
Posted at 17/4/2024 09:44 by cjb1971
What would a companys share price indicate if its shares were trading below its nominal share price value?
Posted at 05/4/2024 15:05 by city1911
You either buy in now on the cheap and get a big profit or lose it all or you wait for WL to be done and buy in at a higher price but hopefully still to make a profit on the basis the share price doesn't not do the usual and drop back again!
Posted at 04/4/2024 11:12 by sparty1
Let`s have it here anyway. Then Pinkfoot the !Ex broker can break it down for us.

"In connection with the above referenced announcement, the Company was notified on 4 April 2024 that the AvantGarde Group S.p.A ("TAG"), a Person Closely Associated ("PCA") with Alessandro Zamboni, a Person Discharging Managerial Responsibilities ("PDMR") of SYME received a total of 1,500,000,000 new ordinary shares of nominal value £0.00002 each in the capital of the Company ("Ordinary Shares") in exchange for repayment of the £800,000 unsecured working capital loan that TAG had provided to SYME. This resulted in a fixed subscription price of 0.053pence per Ordinary Share received by TAG. Details of this notification are below in accordance with UK MAR."

Does not seem like a company heading for self imposed implosion. The headwinds have been much stronger than AZ thought though that`s for sure.

I hope "pinkfoot"`s condition is not too painful..
Posted at 04/4/2024 09:32 by smithie6
Question.

Raising money from inventory you have sitting in your warehouse.

1) how solid an asset is that to a lender ?
If the lender is not repaid his cash, if he sends a truck to collect the security for the loan (the specific quantity of inventory of type XYZ) if the inventory is not there, the lender is screwed & loses his money, yes ?

2) someone has to physically go to the warehouse & check the inventory exists & that it is in perfect condition?
That means cost & delay, no ?

3) What stops a company in problems raising cash by selling it's inventory to 4 different companies like SYME......but then, because it is in problems (let us say it's products are double the price of Asian imports) it goes bust anyway....& there are a queue of creditors, none of whom will get 100% back ?
And there are surely creditors with higher status who have to be paid before SYME.

4) and this RNS text
...is it a massive red flag ?

"As a result TAG is currently pursuing legal options to allow for the required loan repayments to be made by them and for the SYME shares that were transferred as loan security for the HWCP Loan and the SLS Loan to be transferred back to TAG."

5) 0.04p/share & billions of shares....& the main director is perhaps in Italy

Is that more red flags ?

Italy is close to Greece, home of the famous scam played on UK investors by "Globo" PLC.

6) Is Italy highly respected for
- it's financial sector ?
- the honourability of its politicians (recall Berlusconi, sacking of the city rulers of Rome if I recall correctly)
- the stability of it's Governments
- it's ability to keep the mafia out of society & life
- the honesty of it's policemen

....quite a forest of red flags from where I am standing.
Posted at 04/4/2024 07:19 by paul planet earth1
RNS relates to new shares issued in settlement of the existing working capital facility...Still interesting as it gives TAG a bigger share of any share price gain.
Posted at 03/4/2024 20:15 by nobbygnome
To be clear over many months the insiders have been dumping as the gerbils continue to average down! However I think a number of gerbils are now panicking and some are dumping as soon as the price is marked up. This will be an ongoing issue for the share price….after all a small WL deal is hardly a game changer!
Posted at 30/3/2024 18:34 by extrader
Hi guys,

There are some basic misunderstandings about RTOP.

(1) It's not a new company : the Prospectus , if anyone bothers to read it, includes its last 3 years (loss-making) results as an Italian company, incorporated and doing business (unsuccessfully) since 2017.

(2) There's been no 'floatation' merely a listing introduction to the London market.

(3) No shares were sold on listing in the UK : TAG decided the share capital should be divided into 60m units and parcelled out 35% to (cough) unconnected accounts - on unspecified terms [Ed.: could even be for free] - in order to satisfy UK listing 'liquidity/marketability' requirements.

.."The Company is not party to the arrangements to be entered into between TAG or RegTech Italy and such independent third parties....

The Company will not receive any proceeds from the disposal or sale (as applicable) of such 20,997,000 Ordinary Shares.."

(4) As with the SYME RTO, the valuation at listing of 100p a share is a complete fabrication and has/had no connection with reality aka RTOP's historic (consistently loss-making)results or its future prospects.

(5) As soon as PI's bought shares in RTOP that 'legitimised' its fabricated value aka 'worth what someone is willing to pay for it'.

(6)TAG was THEN able to use the 'currency' it had thereby created to settle some debts/intra-company payments.

(7) It's an open question whether RTOP in fact owns the Orbit Open platform, on which it 'depends heavily' for its growth : I posted this on the SYME board about 3 1/2 years ago :

.."(1) RTOP appear in the Gartner survey as ' Vendors' of Orbit 4BC

(2) These people hxxps://www.glgroup.it/about-us/ say that they own Orbit Italy :

.."Founded in 2000 and acquired in 2011 by GL Group S.p.A., Orbit Italy is a BC consulting firm IT service provider, and software development leader. Our team of highly skilled and certified experts has extensive experience in business continuity, disaster recovery, and risk assessment process management..."

and here hxxps://www.glgroup.it/orbit-4bc/

that Orbit-4BC is one of THEIR product lines; and, scrolling down on that page
that the MIR3 Business Continuity Management Service (that RTOP shows on its website) is "distributed by Orbit Italy, the only Italian company who can offer pre and post-sale technical support.."

RTOP and SYME may differ in the detail, but they're both 'variations on a theme',
AFAICS.

GLA
Posted at 28/3/2024 11:03 by sparty1
Good luck to MIN holders. I wonder how many have held for the duration!I`ve had a few sdyme for three years now and I'm bored with it.
I spent much of my youth in Greece and the Islands and NOTHING happens quickly over there as many tourists will tell you who have waited in a restaurant for an hour for the first course to arrive..

I`m tempted to move some cash around buy a few grands worth of syme lowering my average to 0.04 and wait for the next spike and jump out with a profit.
My current average is 3 times current share price

SYME has been a lot less fun since AZ was muzzled by the chairman.
Supply@me Capital share price data is direct from the London Stock Exchange

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