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https://twitter.com/alwayznow_/status/1382428023530602497?s=19
Syme started life as Supply@me SRL which is an Italian registered company which reversed into Abal Group to become the entity it is today.
So while the Plc is new, in it’s current incarnation, the body of work to get it to this point has been carried out over a number of years.
Great Post !!!
Anyone claiming to have insight into syme through a previous background are just fantasists - syme is unique - innovative - visionary - a path that has never been trodden - the FCA needed lessons to understand it - AZ and his team are trail blazers and are bringing inventory monetisation into the 21st century - the turn too company for inventory monetisation - weather it be stationary or " in transit" it's one of the reasons a lot of posters on here are fearful of what they don't understand and so wish to halt its progress even though it could help millions of companies to expand and in turn employ more people , the news will come - trolls rampers and derampers all said " AZ shouldn't be tweeting or giving any hints of what is to come - AZ has listened and in the absence of any news people make their own news up - with absolutely nothing to back up their accusations/speculations, wait for the RNSs and proof of concept and we will see who is still here posting ! GLA LTH
Parm.
You are correct in that I dont comment much on other shares I am invested in. Most of my money is in Funds, but I keep 20% or so as ‘play’ money. I’m in a few mining stocks (including GGP at and average of 7p), young pharma companies, and FTSE 250’s but I cant add much to their boards as there are some fantastically knowledgeable investors in these fields.
But SYME has alway fascinated me mainly from he first day in September I started to see the wood from the trees and got out. And unlike the other shares I’m in, I do at least have an insight in to this one from my previous background.
Hope this helps.
I don't engage with individuals who wish to have childish arguments my posts are to the bb general population, if certain people read their own posts they will see in fact they did not leave it out of their posting - it's where I copied and pasted it from - with regards to naming funders - we do not have that info at present which if people research as much as they say they do they would know it is covered by the NDA , all will be revealed soon enough and we will all know who is right and who is wrong - who will be having jam and who won't and who will still be posting on here with their credibility intact . GLA LTH
Bigger question Holly is why are you here?
HTH
Gotham.
If thats the case, what was the valuation of 230m on IPO for SYME (not AvantGarde group) for?
And why have they gone from a 92% holding to ?? Well no one knows but I’d be suprised if he still has 30% to get rid of, sorry I mean hold for great riches..
Holly
Its 5 years R&d by the AvantGarde group and Syme is 1 year and 1 month old.
Not 4 years old.
HTH
Peak. You of course are correct on my leaving it out of my posting. “ Supply@ME has attracted funding from banks, hedge funds, family offices and other similar financial institutions. For Supply@ME, the greater the access to funds, the greater its ability to grow.”
Please name them and I will take it all back..
If people insist on using quotes to support their claims , other info within the quote should be given the same level of credibility
“Supply@ME has attracted funding from banks, hedge funds, family offices and other similar financial institutions. For Supply@ME, the greater the access to funds, the greater its ability to grow.”
GLA LTH
Oh dear Folly still thinking he's funny..
with his make believe short
make believe 0.25% in Syme with his £100k plus PF.. lol
Yet, here daily trolling a penny stock....
I would look at what he posts on the rest of his 100k plus portfolio.. but tbh can't be ars ed!
lol what a sad life...
Gosia.
From the 23rd March 2020 Commencement of dealings RNS.
Supply@ME was founded by its CEO, Alessandro Zamboni in 2017. It has developed an alternative FinTech platform focussed on inventory monetisation facilities which offers manufacturing and trading companies the means to release capital against the value of inventory, speeding up working capital cycles and improving supply chain efficiency.
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 three-year inventory funding "package" is offered to investors as an asset backed note or other form of security with funders receiving a coupon of 4-6% per annum. Supply@ME has attracted funding from banks, hedge funds, family offices and other similar financial institutions. For Supply@ME, the greater the access to funds, the greater its ability to grow.
The Company believes there is a strong and growing market for the provision of high-quality specialist inventory funding services to a wide range of companies operating in different business sectors, in different countries. Its initial target market is Western Europe, including the UK where it is currently building a significant new presence in London.
As a result of this, SYME appears to have given itself a ‘goodwill’ valuation of £230m.
Ok Ok RJJ.
Its a four year old fledgling still in nappies and having to pay for an expensive nursery nurse to wipe its bottom. You got me on that one..
Holly, SYME is not in its 4th year of operation. Please research the business (including RNSes and Companies House website) before providing inaccurate information and misleading others.
Don’t agree .. it’s a fledgling in my book .... Tradeflow confirmation by end of week and then allowing Syme to offer the platform globally ... you wait and see sunshine .. means to an end ... making The platform more accessible globally
RJJ. “Fledgling”...
I wish you well but SYME is in its fourth year of operation as a concept. Despite this we do not have verifiable details of a single client, funder, evidence of the tech in operation or validation that its treatment of the accounting procedures would be accepted. Surely one of its early clients will have had audited accounts signed off by now that AZ can use as a testimonial? But all we get is ramping of a concept that in four years has not been proven.
GLA
The news of the acquisition of Tradeflow will be announced very soon ... probably just paperwork and regulatory compliance ... this fledgling company is just leaving its trap.... time will serve Syme well I’m sure ... it will spread like wildfire as the nee of lending to small and medium sized business without them accruing debt. There are clever and experienced people working behind the scenes and with new CFO an even better and solid base. My view is still the same ... I believe in the concept just in the way that hundreds of client companies have. Tomorrow is another day folks
GLA LTH s
Please ignore the negative morons