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@Gary, This one is simple to me. I find a lot of other stocks much harder to work out.
Simple Idea. Only possible because of modern tech.
Gary you're incessant drivel is showing you up to be a right bawbag. If you can't fathom it, move right along or short it if you prefer but please just quit the whining.
Re-hypothecation?
Problem is if the market can't see the potential and the good, it wont rise.
@Garyfromleeds....I think you'll find revenues and a high profit margin will see the SP rise significantly. It will re-rate at some point.
No debt and cash in the bank. No placing needed.
The market will wake up.
Gla holders
I think Ive got it ..... The Company that needs finance keeps the stock but treats it as sold on their books WHAT !!!
· Unlike conventional bank funding, the Supply@ME offering is not treated as debt finance on a company's balance sheet. Rather, it is treated as a "true-sale" of inventory. The transactions, based on innovative legal schemes, combine detailed regulatory and financial controls with leading-edge technology that allows accurate tracking and recording of inventory. This solution is proving attractive to both clients and investors and is highly scalable.
· The key to the process is the creation of a "digital" version of the physical inventory. This allows legal ownership of the inventory to pass to a Supply@ME Special Purpose Stock Company ("SPSC"), facilitating the release of funds to the corporate client (which retains the physical inventory). Sophisticated tracking and monitoring systems such as distributed ledger technology and, in the near future, the Internet of Things then ensure that inventory is properly and legally processed throughout.
.... They retain the physical inventory = STOCK
and SYME keep a digital stock ...................
Ive got some pies in the sky I need a loan against (I mean I need to sell) and I'm going to SYME tomorrow
like he was right at eua and ncyt? he has cost small investors millions of pounds. he is a drunken washed up ball bag . the best you can do with winnifrith is buy against him. he is a very dodgy character who will end up in court again before too long
I'm gonna go and talk to the wall.
Artrader, you answered your question by yourself. Banks do not need to deal in stock and that what sy me is for.
OilnGas
Banks don't buy stock - they can't its in their constitution
Weathergeek
Have they made a single deal yet?
You think the JSW Group need to go to SYME to ask a Bank to give them money to make more steel .... and what will the bank do with the steel? coat it with gold and put it in a vault?
You got the first thing wrong. Inventory monetisation by selling inventory to banks or institutions. Therefore, it is not a loan, hence no debt and no impact to credit score. What are we? We are just a middle men who will provide that service in return of a small fee.
This had been mentioned thousands of times in interviews and RNSs. Why are we still asking this question?
And a lot more expensive with upfront fees and 6%.
A bargain.
However, it's a moot point as they have no money to lend anyone.
They "BUY" the stock.
It is simply speeding up working capital flow. Quite a different move to previous ways "loaning" against the stock.
My answer would be to take an English and maths class again.
€300m = €6.5m revenue €3m net profit. (Current securitisation)
So 1% net profit.
€1.43bn = €14.3m net profit which goes into 2021 (Next securitisation)
2021
Then we have our Bank where net profit goes to 1.5%
€4bn in 2021 = €60m net profit
Add the €6.5m yr2 payment
€66.5m profit for 2021
2022
Bank funding to €5.5bn (Keep it simple and include year 1 payment again of previous €4bn)
€5.5bn in 2022
€82.5m in net profit
Add the €6.5m yr3 payment
€89m net profit.
Growth
Yr 1 Oct 2020 - €3m net profit
Yr 2 Oct 2021 - €66.5m net profit (2100% growth)
Yr 3 Oct 2022 - €89m net profit. (33% growth)
Share price?
PE of 10 @ £800m Market Cap = 2.4p Share price
PE of 20 @ £1.6bn market cap = 4.8p Share price
A friend asked me to look into SYME and having read the RNS and cutting through to the chase am I correct with my assumptions as to what this company is saying?
Inventory Monetisation = LOANS AGAINST STOCK (DEBT)
Special Purpose Securitisation Vehicles = BANKS
Inventory funders = BANKS
inventory assets = STOCK
Inventory funding = LOAN
Inventory Monetisation portfolio = STOCK
partnership with local partners and inventory funder =BANKS
generate cashflow, without incurring debt, by monetising their existing stock = DEBT
SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.= NO ONE
Have I got a grasp on what this company is selling? Loans against Stock in a 'Just in Time' world but only to companies that don't need (monetisation) loans as they can easily sell their stock and are not in trouble? ...... I presume best before dates may be a problem too?
as well as 'Floating charges over assets' ?
They've banded about a lot of figures in the last RNS it starts at £2.3m, £6.5m £20.5m £972m then raises the stakes £1.22bn and throws in £1.43bn and £1.64bn for good luck.
Someone please tell me how this works?