Supply@me Capital Share Discussion Threads

[vaston] 09/2/2023 22:30

The last time nobby spent this much time deramping the price went up 20% the next day .if this phenomena occurs again tomorrow I will start playing more attention to this gnome character.

[vlad the impaler] 09/2/2023 22:21

No asset strippers at syme’s door

[tomtum1] 09/2/2023 22:19

Henry correct turnover is not cash. The cash is tiny and won't pay the bills

[nobbygnome] 09/2/2023 21:04

Are you homophobic as well as being a habitual liar?

[vlad the impaler] 09/2/2023 21:03

Nobby it’s only just crossed my mind. There was I asking you about the girl you are taking out next week. But of course maybe it’s a man?

[vlad the impaler] 09/2/2023 21:02

I don’t see any assurances their hasn’t been

Would you like to assure ?

[vlad the impaler] 09/2/2023 21:00

“ unless there is a sudden increase in turnover!”

At least Nobby is acting like a proper broker now.

[nobbygnome] 09/2/2023 20:55

Just to remind everyone about the subject of the day which Sheedy for the most part has strenuously avoided….


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!

[vlad the impaler] 09/2/2023 20:32

Investors you are all going to be very very rich, starting tomorrow

I have it on good analytic authority, massive good news breaks here pre 3.30pm

But of course, it’s just a guess

It can’t be anything else ….

[gerby derby] 09/2/2023 20:16

Nobby tell us about your love life

[putinaire] 09/2/2023 20:14

Ere lads

Vlad is a knut. I guess you didn’t know

Were you thinking for a few mins?

[go go juice] 09/2/2023 20:12

He might as well have stuck it out with the first dung heap

[vlad the impaler] 09/2/2023 20:09

Let’s all be fwiendsssss

[nobbygnome] 09/2/2023 19:59

I see you earlier saying that SYME has been very very good to short term investors. Let’s be clear the bid price has not been anywhere near 0.078 since your recent purchases at that level. Those trades are well under water! Of course I wouldn’t be surprised if you have already dumped them but it would have been at a big loss!

[vlad the impaler] 09/2/2023 18:31

Oh folks a genuinely good product

Rheal greens and berries

It truly does the job.

[vlad the impaler] 09/2/2023 18:30

I’m doing compound weights five days a week snd five mile walks on evenings 5 days a week

Next week lol

[nobbygnome] 09/2/2023 18:28

I average 8 miles walking a day and lost weight during lockdown. Sorry to disappoint you…

[vlad the impaler] 09/2/2023 18:26

I bet this whole forum is a bunch of bowling balls