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SYME Supply@me Capital Plc

0.0082
0.0002 (2.50%)
09 Sep 2024 - Closed
Delayed by 15 minutes
Supply@me Capital Investors - SYME

Supply@me Capital Investors - SYME

Share Name Share Symbol Market Stock Type
Supply@me Capital Plc SYME London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.0002 2.50% 0.0082 16:35:10
Open Price Low Price High Price Close Price Previous Close
0.009 0.0075 0.009 0.0082 0.008
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Top Investor Posts

Top Posts
Posted at 07/9/2024 18:44 by paul planet earth1
Steveward

Posts: 629

Price: 0.0085

No Opinion

Company response on IM accountancy treatment

Today 17:40

I’ve just received permission from the company to share the email they sent me yesterday;

Dear Steve,

We are aware of some questions that you have provided to several members of our team over LinkedIn relating to the viability of the true sale aspect to IM transactions.

This is something that the Company is also heavily focused on and has worked closely with external legal counsel over the years to ensure that the standard contracting that governs the IM transactions ensures that the goods are legally sold from the client company to the stock company if a standard IM transaction format is followed, hence a legal true sale. This involves all the risks and rewards of owning the goods being transferred from the client company to the stock company as a result of the first purchase etc.

There are several points to note:

if a client company or funder would like the standard terms and conditions changed, we are always careful to consult external legal counsel to determine the impact on the legal true sale and discuss any impact changes may have to the legal true sale mechanism with the client company in order for them to consider if they would like to proceed on the altered basis;

the accounting for the IM transaction must be done in accordance with the appropriate accounting standards that are applicable to the client company. Such accounting standards can differ depending on country, if the company is public or private etc. In addition, the accounting generally then needs to be approved and signed off by the client company’s auditors. This formal sign off generally only happens in conjunction with the preparation of the client company’s year-end financial statements, although we encourage our clients to involve their auditors early on to get their views. It is also important to note that many accounting standards require judgement to be applied when interpreting the requirements and so it is possible that different auditors might reach different conclusions.

we are closely monitoring the outcomes for our current live clients and any points that are raised by auditors in the process to feed these back into the model if required.

Kind regards

The SYME Investor Relations Team
Posted at 07/9/2024 07:23 by paul planet earth1
Looking like regulatory approval granted with good news flow share price will rise supporting a cash placement and addressing investors natural anxieties over progress....Good days ahead!..😊28518;🤑
Posted at 05/9/2024 20:19 by paul planet earth1
...not long now Nobster...or for MIN investors an eternity away!
Posted at 05/9/2024 18:18 by sparty1
"It’s in solution not gaseous…"

LOL...No sheet Nobby? Gas under pressure turns liquid. Thanks for the science lesson. LOL More "levity"

Cannot believe you as an non investor listened again to the investor meet AGM!
Such dedication..

I`d be more concerned why the BOD of MIN have overseen yet another year of absolutely nothing!
Cash call coming there .
#Be careful there
Posted at 04/9/2024 14:26 by hughez87
Predicting the exact share price of a company like Supply@ME Capital (SYME) based solely on projected revenues is complex. The share price depends on various factors such as: • Market sentiment and investor confidence • Profit margins and cost management • Growth prospects and future revenue potential • Broader economic and market conditions • Debt levels and cash flow • Price-to-earnings (P/E) ratio or other valuation metricsHowever, we can give a simplified approach using the Price-to-Sales (P/S) ratio, which is often used to estimate a company's valuation based on revenue.Formula for P/S ratio:\text{Market Capitalization} = \text{Revenue} \times \text{P/S Ratio}\text{Share Price} = \frac{\text{Market Capitalization}}{\text{Shares Outstanding}}Let's assume a few things to calculate a rough estimate: 1. Revenue assumption: £4 million 2. P/S ratio: The average P/S ratio for fintech companies ranges from 1x to 10x. For a growing company like SYME, we'll assume a P/S ratio of 5x as a mid-range estimate. 3. Shares outstanding: SYME has about 47.9 billion shares outstanding.Step-by-Step Calculation: 1. Market Capitalization:\text{Market Cap} = 4 \, \text{million} \times 5 = 20 \, \text{million GBP} 2. Share Price:\text{Share Price} = \frac{20 \, \text{million GBP}}{47.9 \, \text{billion shares}} = 0.00042 \, \text{GBP}This gives a share price estimate of 0.042 pence per share based on these assumptions.Important Considerations: • If the P/S ratio or revenue projections change, the share price will also change. • The share price will also be influenced by broader market conditions, investor sentiment, and the company's financial performance beyond just revenue.
Posted at 02/9/2024 13:18 by putinaire
Can the MIN investors do a collection to rescue the two goats on the scrubland? The grazing is grazed
Posted at 27/8/2024 17:35 by putinaire
So do investors in INDI 😂
Posted at 23/8/2024 19:43 by nobbygnome
Well done Sal for seeing through Sheedy’s complete and utter nonsense such as the price is going up 300%. This is classic troll behaviour where you make ridiculous statements to attract attention to yourself which of course is very sad.

Of course he knows it’s not going up 300% but the narrative is designed to deceive other investors to persuade them to buy in and bale him out of his latest punt. It’s all so obvious as are the numerous avatars but he continues with the rubbish nevertheless. The word sad really is the most relevant….

Oh and in case I haven’t mentioned it the most likely next news will be a horrendous fund raise….if AZ can get one away!
Posted at 29/6/2024 09:01 by sparty1
Revelation on lse that the placement in May taken up by pi`s
allow me to quote

"One of the interesting presentations was Amy as regards the May placement of 9 billion shares raising £1.5m which was placed with 50 private investors who on average invested £30k for 180m shares, with non of the investments triggering the 3% TR-1 notice requirement...Now these 50 individuals have taken a punt at 0.00002p while the current share price is now languishing at 0.000015p. Amy confirmed that non of the new funding went to death spiral funders like Venus...so these 50 private investors must have seen some potential in SYME to stump up the cash in the first place."
Posted at 16/5/2024 07:52 by ianindenial
Reminds me of the four? High net worth investors RNS’d to invest in Syme, which turned out to be a CLN. Do you think these investors ever existed?

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