Supply@me Capital Share Discussion Threads

[julianw2] 11/9/2020 16:58

The news can drop at any day soon, according to the RNS yesterday, the Company has received offers, subject to contract. Assuming the legal teams are dealing with them. Just a case of sitting this one out & topping up when possible

[different world] 11/9/2020 16:52

And you hedgehogster. Here's to the start of lift-off next week.

[different world] 11/9/2020 16:34

Nice 27.5m buy just after the bell.

[micky67] 11/9/2020 16:28

A nice number to do a consolidation with. Something going on me thinks.

[gasman10] 11/9/2020 16:09

Just dropped it on a small sell

[countdracula55] 11/9/2020 16:00

Price is being held.

[yasyas1] 11/9/2020 15:58

Price held well today

[julianw2] 11/9/2020 15:57

Totally agree my friend

[cashistrash] 11/9/2020 15:53

I have actually left a little cash in reserve just in case we see another -10%, but I hope it's all singing and dancing come next week. We are moving into the end of September, next week and week after could be a great month

[julianw2] 11/9/2020 15:47

Agreed - I've got some others that are currently doing well, which I shall off load & top up here again.

[cashistrash] 11/9/2020 15:30

Nice little £1k top up for me, great to see the share price settle a bit

[olly353] 11/9/2020 14:23

Very tight spread now

[olly353] 11/9/2020 14:01

Bid edging up. 0.5

[ccr1958] 11/9/2020 14:00

You rate this then young eggy ?

[eggy toast] 11/9/2020 13:45

I think the word of the day is 'CONSOLIDATION'.

Finally down to the REAL holders?

Well done chaps.

See you in MONACO!

[yasyas1] 11/9/2020 12:21

Well done hanger oners our day will come!!

[gasman10] 11/9/2020 11:29

Plus extrader says he's no accountant but then proceeds to be one Pls remember what you said. A good liar always remembers the yarns they tell....

[yabawbag] 11/9/2020 11:20

Stop being so pedantic, your style is very passive aggressive.Theres a difference between sharing research and trying to look for fault to trip folk up.If you're concerned don't buy, nothing comes without risk or jeopardy.Have any laws been broken? If they have report it, if not close the book and move on.Have the rules been manipulated? Most probablyHow many businesses are whiter than snow white?You'd be better spending your time chasing Starbucks, Amazon, etc for the VAT they avoid, oops you can't, no laws broken there.And before anyone takes the moral high ground I'd ask you and any others start asking the handyman/gardener/tradesman etc etc for a vat receipt everytime you pay cash in hand.If you really want answers to these questions email; [e-mail] for one would be interest to know if you email and what response you get.ATB

[fund1] 11/9/2020 11:18

Yes hopefully settling now. Looks a good level for new comers

[ccr1958] 11/9/2020 10:00

Volume is drying up , it will drift until the much anticipated amazing news ... I hold ..

[extrader] 11/9/2020 09:56

Hi gasman10,

I think you're missing the point :

In the RTO (of a 'cash shell', hint) they acquired abt £ 2m in cash and a London main market listing.

They had a placing of about 1 % of the expanded shares to raise (as you say), gross proceeds of £ 2.2m.

They have to pay out £ 800K in fees for the advisers/arrangers etc (30% approx.) and will be using the balance to pay for IP, R & D etc . About £ 1.4m , from memory.

So : (a) they've paid £ 800 K to advisers who either didn't realise the accounting implications (which is bad, remarkably poor value for the money, I'd say) or did realise the accounting implications and were party to this apparent 'bait and switch (which is worse. But - if indeed the case - arguably "better value" - from SYME's point of view....).

(b) The 'consideration' - 99% of the 'purchase price' £ 225million - was the ascribed value of SYME's historic IP, R & D etc. The Prospectus tells us that SYME invested a total of Euro 1.5 million to this end.

SYME's business model/IP clearly wasn't fully developed at the time of RTO ( what about the duty to provide goods/services of 'merchantable quality ?) ..and it isn't fully developed and actually working 6 months later. The 'spend' on R & D proceeds was supposed to be through to Q1 -2 2021, so seemingly a ways to go before they themselves think they'll have something 'fit for purpose'.

If you were to think of the 99% 'Consideration Shares' as SYME's 'inventory' and value them at 'lesser of cost or net realisable value', you'd be looking at them being 'worth' somewhere between 'cost' - which is virtually nil and whatever they're currently selling for in the market . To be clear, 'sales or 'purchases' involving Consideration Shares 'off-market' are 'worth' whatever the 2 x parties decide.

So AZ's 'purchase' of 1.63 BN Consideration shares from 4.98% shareholder Ceresio S.p.a. - a 'direct transfer' - DIDN'T require him to shell out £ 11m odd , as people have been suggesting...and may not have required him to pay anything.

I doubt he has the resources, witness the need to pledge shares to the 3 x securities lenders.

It's worth looking at all of these 'direct transfers' in that light.

ATB

[different world] 11/9/2020 09:34

With no news forthcoming today, we'll probably drift to around unchanged or slightly higher by the close on 400-500m volumes. Still healthy, and a pleasant change from the recent manic panicking by some.

[different world] 11/9/2020 09:33

"You might as well just short this stock everyday".

Lol - another deramper emerges from the gloom.

FILTERED.