Supply@me Capital Share Discussion Threads

[profilers assistant] 09/2/2023 17:14

Vlad please don’t do that

Love from ‘The Impaler’ would probably just scare her

[profilers assistant] 09/2/2023 17:12

I decided to buy 99 white roses and one red in the middle. I’m going to send them to a nuns house so she feels loved by something that’s not all in her head

[profilers assistant] 09/2/2023 17:10

Everybody is thinking about the 14th now

Forget markets

[nobbygnome] 09/2/2023 17:09

Just to remind them about the figures to give them every chance of commenting….

Ok here is my summary of the finances. Please tell me where my numbers are incorrect….

So to start off with there are two factors which are my estimates. The first is cash burn. From the interim results the monthly cash burn was £350k. Now that is highly likely to have gone up because of increasing costs across the board for everything from energy for offices to salaries. Plus of course we know for sure that from October the costs would have gone up by £5k because of the interest on the Italian government backed loan and from April that will increase by a further £15k because they have to start paying back the principle of the loan. Therefore because of the increased costs I am assuming a monthly cash burn of £375k from August. I wouldn’t be a bit surprised if it was higher but I will be conservative.

Of course the other big variable is turnover. The end of year statement contained no numbers other than TF increased by 35% but from a low level. So the fact they didn’t brag about increased turnover across the board I think we can safely assume it won’t be very high. However I will be generous and go for a figure of £500k for the period from beginning of August 22 to the end of March 23.

Now on to the factual numbers from the prospectus. The reason I am using August as the start date is because the prospectus gave us the cash figure for the end of July 22 as £758k on page 55.

In terms of income from the start of August there is £270k from the open offer (Page 4), £475k from the fifth Venus tranche (Page 4), £4,365k from the CEP in October (£3,750k from the optional subscription shares and £615k from the remaining mandatory subscription shares, Page 4) and £900k from the Italian government bank loan.

So total income is 270 + 475 + 4,365 + 900 + 500 = £6,510k. Then add in the cash at the end of July of £758k making a grand total of available cash in this period of £7,268k

Now expenditure. First of all there are the Mercator cash repayments in August and September of £278,333k making £557k (Page 4) and then the big final repayment of £3,536k in October (Page 4). So total cash out is 557k + 3536k = £4,093k

So 7,268 - 4,093 = £3,175 k available free money in that period. Divide that by the monthly cash burn of £375k and you get 8.47 months of money which takes them through to mid April from the beginning of August!

Anyone who disagrees with this summary needs to say where the extra cash is coming from. I think £500k turn over is probably an over estimate but even if it was say £750k that would only take them through to the end of April. Of course actually the turnover figure I use relates to an increase over the ongoing amount before August because the monthly cash burn figure in the interim report is after allowing for turnover.

The bottom line is, from these figures a fund raise has to be imminent…̷0;.unless there is a sudden increase in turnover!

[profilers assistant] 09/2/2023 17:08

Nobby, that Sheedy is as thick as they come

But we want to talk about the next love in your life

Who is she?

[nobbygnome] 09/2/2023 17:06

Isn’t it fascinating what happens when you ask the rampers for their opinion about serious information. I’m not surprised about Charlie because he is a vacuous, puerile idiot who I doubt understands the figures sufficiently to be able to come to any conclusion.

Whereas Sheedy is definitely not stupid and is fully aware of the veracity of my numbers give or take a few weeks. However of course they don’t fit in with his misleading ramping narrative so instead of making a comment on the numbers he obfuscates and diverts from the issue.He is seriously worried about his recent buys because he was expecting further IMs to appear by now so we can now expect a real flurry of RNS predictions and other ramping nonsense from him as he gets more and more desperate!

As I say the lack of any comments is very very revealing!

[putinaire] 09/2/2023 16:59

Nobby , SYME isn’t a girl

[vlad the impaler] 09/2/2023 16:58

There must be somebody on the planet? No matter how bold you were and are in life, she just stops you taking that step over the line, because you know she would have your heart in her hand and not in your chest where it should be

Who is she Nobby?

[vlad the impaler] 09/2/2023 16:54

Go on Nobby. This is the week to open up, and get advice from your friends here

[profilers assistant] 09/2/2023 16:52

Nobby share your feelings with us, that don’t include fund raises

[vlad the impaler] 09/2/2023 16:51

Of course I do Thanatos. Sure if I didn’t id have asked her out long ago

[thanatos abyss] 09/2/2023 16:50

So you really like her Vlad?

[thanatos abyss] 09/2/2023 16:45

Always best to not to ask Vlad.

Nobby how about you?

[vlad the impaler] 09/2/2023 16:40

I have but she doesn’t know and doesn't talk to me

[newsround] 09/2/2023 16:38

Nobby have you got a Valentines date yet?

[nobbygnome] 09/2/2023 16:27

And where are my numbers incorrect? As a LTH surely you must have a view…

[paradise city] 09/2/2023 16:24

Nobby, think it's time you retired Einstein !

[vlad the impaler] 09/2/2023 16:22

Great isn't it? Every time Nobby is caught lying

"It was a mistake"