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Being told of it in advance surely is an expectation, until its in the bank it is indeed not factual which is what the market will respond better to.
Jarv also thks
Micky cheers for your time and effort thanks alot
Got a few more myself Micky but not that many! Good work.
Not the only figures that are wrong. A lot of my projections were only looking at the €8bn funding.
2. UK Programme
*The funding due diligence provided by a leading UK capital markets organisation* has been positively completed. The Company is negotiating a funding term sheet in order to commence delivery of the inventory monetisation service in respect of the first portfolio of UK Client companies.
Providing the due diligence for their funding?
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.
Jester, you better read this too. It’s about a minimum €8 Billion funding partner just for us.
https://www.**********.co.uk/rns/announcement/6156a95d-5932-45a3-a8e7-f38e24b4fa0f
Weather, the figures are wrong now. I’ve now got 30.3M :-)
Jester start here https://www.youtube.com/watch?v=DV3gC7wloLk&t=1s
Jester, this is all you need to know meantime. The companies have been notified the end of October is the deadline for the Securitisation notes issuances.
1. Securitised Note Issuance (through StormHarbour Securities)
As planned, the Company has received offers, subject to contract, from a number of large, global institutional investors, to provide funding, in the form of securitisation notes, in order to monetise more than €300m of inventory. There has been strong demand from a number of investment funds (including private equity and multilateral financial institutions supporting businesses that are promoting post COVID growth) which are individually requesting exclusivity for the securitisation notes issuance, and which are also remaining available for strategic support to the Company for the next funding rounds. The Company is currently analysing whether to syndicate this first securitisation issuance or work on an exclusive basis with one of the Funds mentioned above. Meanwhile SYME is keen to complete the signing of binding contracts with regard to the Client companies forming part of the securitisation portfolio by the end of September.
2. UK Programme
The funding due diligence provided by a leading UK capital markets organisation has been positively completed. The Company is negotiating a funding term sheet in order to commence delivery of the inventory monetisation service in respect of the first portfolio of UK Client companies.
3. Italian Sell-funding agreements
The Company has agreed the key terms of the partnership with 2 local Banks. With one of these, the Parties are studying a more extended relationship. Pursuant to banking regulation, the agreements with SYME will be approved by the relevant internal committees by the end of September.
Furthermore, the Company has been invited to a tender promoted by Finlombarda (the main Lombardy public bank) in relation to fintech services to be provided to local SMEs.
4. Middle-East Programme
A Shari'a assessment on the Supply@ME Platform provided by an internal specialised department of a global bank has been positively completed. This Bank has also identified a local Funding Partner available to support the UAE Programme of SYME and iMass (MENA strategic Partner - as announced by SYME in the RNS of 10 August).
The Parties above are currently agreeing a Memorandum of Understanding, details of which will be published in a separate announcement.
5. Institutional equity agreements
By virtue of the huge underserved market and the unique - proven - inventory monetisation service, the strategic Partners above have been asking to SYME to invest - directly or indirectly - into the capital of the Company, pursuant to confidentiality agreements in place relating to the business alliances which are on track. These agreements anticipate both broker to broker transfers and open market transactions as recent trading has proved.
Not bad at all Smile and Grow, you'll be smiling and growing more. £1m when we get back to .5p
Will you be the boards first SYME holding millionaire?
Would love to know your average
It's so frustrating see the average get hammered or thinking in hindsight if I'd waited etc but the fundamentals is what will get it across the line hopefully fingers crossed
I’m glad to be part of this... but my god seeing the hammering my average is getting is massively frustrating... would love to see a blue day in the coming weeks!!!
What news is due before I load up. Been on radar just need that nudge to buy
Trader - We've already been told in an RNS what the impact of the October SH monetisation will be - an annualised revenue of £6.5m.
Lol fill your boots the storm is coming . The boat is in the harbour ready to set sail . Hold tight . Gla
I'm going to do my usual reverse psychology trick and say there won't be a RNS this week...
It's worked before so hopefully it works again hahaha
0.4202 -0.0098 -2.28%
Today its going up... after yesterday circus!
Good morning all. All shares took a big hit yesterday, even the likes of Novacyt, and thats Golden child. So im just staying firm, not letting the likes of little earn with an agenda get inside my head- Not selling... Gla
Looks like Europe is opening flat which is hopefully good news.
Haven't we started to generate an income stream this month (Oct)? If so, do you all not think that any figuresin an rns would be the catalyst for takeoff whilst also including a few more clients signing up to our service ? If that's the case when would/should they release those figures, probably after the election. Get the politics out of the way, with a full month long lockdown pending in both France & Germany perhaps SYME could be jumping on the back of the pandemic.
What are people’s thought on receiving decent information in the middle of a self off?
Would it not be better in calmer waters for better effect, otherwise it may only have the affect of damage limitation.
I’ll be watching GGP with interest today as I am invested there and they have just had a good RNS though.
Good news the US pre market points to a bounce back, haven’t had a look at Europe’s yet though. If Europe is bad I expect this will be derailed.
I fully agree, whilst the market is like this, no news maybe better short term :)
Good luck all
To be honest I think no news is good news today. I can't see the market responding well to what ever we put out. Today or tomorrow we are in a no win situation, if no news we'll get hammered as it will be full of assumptions of problems and trolls gloating on the fact. Release it, the worlds too wrapped up with the second wave and the election and thirdly the tech sector took a bettering.
They like there mid morning RNS. Still time to top up gla
One more day without an RNS - for me this is good as one concern is SH delay or axe. They would know by now if this was the case, and would have informed the market.