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Looking at your post history you offer nothing so if you went away no one would actually notice.
Demon ..... is your username as high as you can count?
It depends how much and what news we receive between now and then, not as much as expected, then 1-1.5p I would have thought, if news is much bigger than anticipated then 3p or ideally 5p + but to breach 5p before the end of this year everything would have to be shown to have been scaled up beyond expectation, can't be ruled out with AZ at the helm so feeling quietly confident that the sp will be much higher by the end of this year!
I have alway said buy and hold. Roll on 2024 gla
Actually 10.9p earnings per share. Thats mental to me. 20 times the share price in earnings in 4 years?
600 a year will do me fine!
I love the enthusiasm guys but it’s completely at odds with what we are being told in the RNSs. RNS states Middle East pilot will only finish at the end of 2021 and you guys are talking hitting four regions next year. The regulatory work hasn’t been done in Italy yet let alone Middle East, UK and USA.
Don’t know what it’s like in the other regions but dealing with UK government is a slow and painstaking process as is agreeing financing with banks. Companies are still agreeing COVID financing deals now that started at the outbreak in March/April.
Most companies have some sort of finance in place with existing lenders so we either need to wait for those deals to renew or see if the new wheel can sit over say existing asset backed lending arrangements (which are common). Another example, could a company that has say invoice financing in place (also common) also use SYME?
In the US it seems inventory monetisation isn’t actually new so the market would need penetrating against what would most likely be massive competitors.
You do realise, that 2400 clients at 1.5% net is earnings per share of 10p?
So a PE of just ten for the £1 party.
Very informative article
I just don't think 600 a year is small or thinking small @AIM, I think its EPIC. Excuse the pun ;)
To me that was a big goal.
@WG if SYME think and act small they stay small. It's something SYME know they'll have to aim for and I think they can pull it off. As we know they are a very small company. I'd love to also know more about the onboarding process and due diligence.
My suspicion is SYME are putting in the hard work now. They are conducting due diligence on a variety of companies and inventory. As they grow they'll utilise this experience and expertise to speed up the process. When the banks bring clients with them, I'd imagine much of that due diligence is undertaken by them. But as the companies profile grows and the contracts do, the obscurity of the company and inventory can change dramatically.
I think we are agreed, it's the part of the business that is SYME'S biggest obstacle.
I just don't see how SYME can be operating in so many huge markets in 2021 with potentially a dozen financers, if they don't think they are going to be capable of onboarding these companies.
As you know, AZ reiterates that they are trying to establish/ secure long term relationships. So once a contract ends, SYME want companies that will renew or increase the ask and renew.
I say it because we've only got 30 off so far when that comes through.
That will need to speed up a lot which is what they have been doing and saying. The new target of 600 a year is a big target.
£10m average per client. That's £6bn in inventory per year.
1000 would be £10bn a year.
More than happy to be wrong, but logistically that must be hard.
So 600 a year over 4 years = 2400 Companies.
Average of £10m is £24bn in inventory by 2024.
That's pretty staggering. And a huge goal to aim for.
£240m profit @1%
£360m profit @1.5% if we take the more optimistic view.
On the above, a PE of 10 and its a £2.4bn Market cap, 20 £4.4bn or on the high margin option PE of 10 £3.6bn, 20 £7.2bn
If they load 1000 a year. I'll buy you a bottle of Bubbly at the Greek party AIM ;)
Wish i knew a bit more about the loading process and times involved, it just seems very optimistic to me anything over 600. That alone will do us all very very well.
Zak Mir article on SYME.
Very informative...
https://zakmir.com/demand-for-supplyme-continues/#gs.j3emjg
1p+
I'd be happy with 0.9p at Christmas.
Aim.. again absolutely and why ii are buying everything..
Of course funders will do DD where are they getting 4% in this climate . Low risk too .
To right they want this up and going ASAP
Money to be made .. great motivator money
2p
Yes @apunter2
I still think many don't understand the platform. SYME needs very few financers and very few clients to go from obscurity to a double digit billion pound company in the space of 18 months.
This is like a game of Texas Hold 'em. AZ has a pocket ace king same suit, the flop comes down and it's queen, jack, 10. Got a royal flush. Already won. But the other players at the table don't know this. AZ still has to wait for the other players as he's the big blind.
What price do people think this will be at around Christmas
Till the bank is up and running who better to DD than the very people who are buying the inventory
IMHO
Aim. Exactly hence
The first Client companies within the new operating regions of the UK, UAE and US are currently being analysed in partnership with local partners and inventory funders. Specific updates will be provided on each of these operating regions in due course.
And inventory funders .. plural
All hands to the pump
IMHO ..
@WG I think it's entirely possible to go from onboarding 50 per month in August 2020 to say 100 per month come the end of 2021. Not being able to do so will be detrimental to SYME and AZ knows this. SYME will have to ramp this up now especially with the US market coming onboard in 2021 too.
As far as I am concerned, it's SYME'S biggest obstacle. Financers will bring the clients. SYME just need to be capable of keeping up with demand regarding due diligence and onboarding.
It's bad business, very bad business if you have a backlog on the due diligence on companies looking for contracts of say £5m (the minimum) then along comes RR as an example and is like so we are looking for £500m and SYME are like sorry, you'll have to wait a year.
Sorry can’t type anymore lol
The thirty Italian Client companies that form the first Inventory Monetisation portfolio will be notified that their target completion date is the end of October. This portfolio comprises corporates of various sizes which form part of supply chains led by the following companies.
The first portfolio Inventory Monetisation is expected to have a value of approximately €300m and to complete by the end of October 2020 (the first month of the next financial year). This is expected to deliver approximately £20.5m of annual revenue into special purpose securitisation vehicles and to generate an average annual net servicing fee of £6.5m to Supply@ME. The Inventory Monetisation contracts have a three-year fixed duration plus a one-year option.
Thanks @ Aim2makemonee.
We also have UAE & UK hopefully to add as well
@jsmith the last reported figures we have from AZ and SYME are that the two Italian banks had brought 272 client companies to the platform. A finance deal is still being negotiated and we are still waiting on an RNS regarding the two Italian banks.
Epic SIM set a target of 75 in 2020 and 250 in 2021. I can't remember exactly, but they had already brought forward like 30 in the space of their first month.