Supply@me Capital Share Discussion Threads

[yabawbag] 10/9/2020 22:07

Real linkhttps://twitter.com/SupplyMECapital/status/1304157412354654208?s=09

[yabawbag] 10/9/2020 22:06

Real linkhttps://twitter.com/SupplyMECapital/status/1304157412354654208?s=09

[yabawbag] 10/9/2020 22:03

It's the spam man again!

[cashistrash] 10/9/2020 22:02

I'm the same eggy, guarantee we will look back at this time and laugh

[different world] 10/9/2020 21:41

gasman10 - liked your dig at extrader!

A deramper for sure, and probably one of TW's motley crew.

[gasman10] 10/9/2020 21:29

See the other thread

[gasman10] 10/9/2020 21:20

Tw is also moaning about the broker. Well you probably need one to float it and put the IPO out etc. Once done you don't one anymore. THIS ISNT AIM NO BROKER OR NOMAD NEEDED. That's why no RNS. Plus you can twist that round says they left in disgust....where is the evidence. Again you haven't got any...

[yabawbag] 10/9/2020 21:09

And that, in my view, demonstrates how clued up and on the ball AZ is to see and take that opportunity.And without doubt is why that failed "businessman" and washed up excuse of a "journalist" is basically jealous

[gasman10] 10/9/2020 20:42

Yes the more funds he has the inventory he can moneritise the more money SYME makes. Im happy if he takes another week to finalise that deal. The high the share price.....Read between the lines of that RNS...

[still waiting] 10/9/2020 19:38

AZ appears to be spoilt with options now so may take time to choose the best route, the difference seems to be the huge demand is now attracting the funders.

If they do have both now, put them together and it’s $$$$$$ in a big way for syme.

[extrader] 10/9/2020 19:16

Hi gasman10,

I'm an old dog, trying to learn new tricks : SYME and some others are 'momentum plays', which I'm not really suited for temperamentally.

There's obviously good money to be made (if you get your timing right), but not that much support if you don't.

We don't have much solid independent info and most guidelines from SYME are prospective, so I keep coming back to what we do know. And I don't get it.

I'm on record as having been puzzled as to how SYME would ever be able to declare a profit (other than, maybe , EBITDA) , given the phenomenal amount of goodwill (about £ 224M ) that it would have to write off over the next few years. This goodwill being based on the ' premium to NAV' inherent in having ascribed a value of £ 225M approx to "SYME's and the BoD's intellectual and human capital."
Can't speak to the human capital, but the IP from SYME cost about Euro 1.5 million over 4 years .

My mistake was to rely on the Prospectus and fail to take into account the change of accounting treatment as reported in the RNS of 30th June , reporting Interim Results to 31 March., see

On drilling down to the notes, I see that the change in accounting for the RTO is described as follows : "Prior to the completion of the reverse acquisition, the current directors considered Supply@Me Capital plc did not meet the definition of a business in accordance with IFRS 3. Consequently, the reverse acquisition has not been accounted for as a business combination, but as a share based payment."

The effects of this are that the reverse acquisition of Supply@Me S.r.l. does not meet the requirements of IFRS 3 Business Combinations so has been accounted for under IFRS 2 Share Based Payments. Under IFRS 2, the "goodwill" element of the transaction is EXPENSED AS THE DEEMED COSTS OF OBTAINING THE LISTING (my caps).

Cute ! The 'goodwill' disappears (so no hefty amortisation bill going forward) and it may even be (I'm not an accountant) that the resultant humongous loss is in some way tax-deductible..?

However, the NAV of NewCo also drops , from around £ 228m TNAV to about £ 5m NAV. These are pro-forma numbers, the audited numbers to end Sept 2020 will be out in January 2021.

ATB

[different world] 10/9/2020 19:11

Hi SW - yes you've had a great day there - well done. We missed your input though I must say!

yasyas - the 35m was about 4.37pm I think.

Certainly happy if the share price is held to fill big orders, and think AZ is actually doing a good thing by transferring stock to instis. If no instis were interested in being involved that would be a bear sign, but if the derampers care to read (pretty hard for them) to read and re-read the RNS they might just see beyond the end of their noses that here is a little acorn slowly growing into a big oak.

The days, weeks and months ahead will be exciting, and the blip back down to 0.5p is mere bagatelle. In fact it's given a lot of people a great chance to either get in or add to their holdings this last few days.

Listen to the bile, vitriol and sour grapes when we first start to pass 1p then 2, 3, 5 and 10p on the way up.

A "unicorn" certainly in the making and as SW said once the first deals get signed off that's the start of big things.

[countdracula55] 10/9/2020 19:09

And the same thing every day this week.How people can't see the pattern amazes me.There will be many sellers kicking themselves in a short while from now.Gla.

[countdracula55] 10/9/2020 19:05

Absolutely rite Julian, they took up the share price a little first thing this morning then jumped on it hiding all the big buys and walking down the share price ...standard practice to gain shares from weak holders and taking out stops.Then as if by magic all the early big buy appear after hours.