The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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1. International large volume investor in credit opportunities
The Investor is a leading global alternative investment fund manager, founded in the 1980s, with a globally diversified investment portfolio valued at more than $70 billion.
It has an extensive track-record of structuring, optimizing and executing capital markets solutions across many asset classes, as well as in the development and growth of various forms of lending businesses.
2. Ongoing partnership
The Investor intends to form an ongoing partnership with Supply@ME. Its objective is to support the growth of the inventory monetisation business to achieve a significant critical mass of inventory assets held, combined with a funding track-record, such that it can explore other sources of finance at lower cost for future SYME securitisation note issues.
The Investor is also evaluating the acquisition of a minority equity participation in SYME.
As announced on 28 September, this first portfolio Inventory Monetisation is expected to have a value of approximately €300m and deliver approximately £20.5m of annual revenue into its securitisation vehicles. This is expected to generate average annual net servicing fees of £6.5m for Supply@ME.
Final negotiations, operating and regulatory tasks are proceeding well. The objective is to complete the first transaction in the coming weeks together with a scalable funding agreement that enables the Investor to increase its investment and monetise additional Client Companies that are in the pipeline.
In accordance with confidentiality agreements signed by each of the parties, a further regulatory announcement on completion will include details of the Investor.
Supply@ME Capital plc
(The "Company", "Supply@Me" or "SYME")
Inventory funding: Securitisation Programme key update
Supply@ME Capital plc, the innovative fintech platform which provides a unique, market leading Inventory Monetisation© service to European manufacturing and trading companies, is pleased to provide the following update regarding its Inventory-backed Securitised Note Issue programme.
The Company announced on 10 September 2020 that it was analysing whether to syndicate its first securitisation note across a number of investors, or work on an exclusive basis with one investment fund. Following detailed evaluation, SYME confirms that it has agreed to partner on an exclusive basis with a global investment fund (the "Investor") whose intention is to subscribe for the whole of the first issuance and become an ongoing partner of the Company. Whilst this decision has put back slightly the date of completion of the first issuance, the opportunity to form an ongoing partnership with the Investor will provide valuable benefits to SYME, both in the short and long-term.
Supply@ME is also pleased to confirm that the Client Companies included in the first Inventory Monetisation transaction are now fully on-boarded and that the Platform continues to originate further corporate clients through its strong network of local partners and intermediaries.
The decision to work with a single funder for the first securitisation transaction is based on the following.
If he’s set a deadline of end of October the earliest an RNS would come out would be next week as today is still in October.
Nice to see some good posts from true shareholders. Just filter the rest and leave the ones which make you Laugh. If you have Dyor buy and hold. It’s news we need but you can say that about any share you hold . Gla
Also for once agree with JR. He has let down too many promises if my view and had lost a lot of money for some PIs. Only good in this is he has went quiet recently
Apologies Mick... I meant to put SEtssqx, most of my portfolio is in Aim companies, I forget myself!
But as you rightly say, same principle, or prodecedure.. Mm's at it, with very little regulation to stop them!
Personally, I believe this company will be very successful. That's why I have invested, with currently 2.5m shares, to which I will add to, as and when. 1-2yrs should see that investment grow remarkably. Imo
Dates, are not so much time lines, as "Guidelines", used to give structure to business practice, and do away with chaotic procedures. Everything in order, due process etc etc. The SP will fluctuate, and sometimes quite dramatically, on "no news" periods. That's the nature of the Aim marketplace, orchestrated by the MM''s, for the purpose of fulfilling their own agenda. Having done your own research, or studied what other investors share, by way of information, buy, hold, and be patient. Or else, sell and move on.
now you're being silly w/ end of 2021. I think the process is ongoing. AZ has learnt this month that sometimes saying nothing is better than trying to keep us all informed. look what happens if he dares run a few days late. I believe the securitisation is on going hence the 'on air' comment last week or the week before. delay could be due to problems with the DD with a few of the companies but I'm totally guessing. and that's it - we just don't know.
I know well probably be down tomorrow with no update but why the hysteria. its on going and we will get the news when its complete.
Let’s be clear, at no point did AZ say he would inform the market by the end of October! He stated that the clients would be informed that the process is complete.
JR for once I agree with your post you normally ramp to hell but last post I commend you. Even next week technically is a delay in my eyes. I get these contracts take time to get through the line, but it was expected in September and then October. He could easily say now end of 2021 then what...
Colin you don’t understand the point of how MM can play games, I’m not saying it’s a deadline, but why say it if it’s not a deadline. Anyway forget it. Let’s see what happens in 5.5 hours.
When a company state timelines then rightly or wrongly investors then expect to get an update before that time has passed, nobody forced AZ to set any specific dates did they, therefore he has made a rod for his own back with regards to raising expectations, I'm sure he will deliver tomorrow, if not next week at some point.
it isn't a deadline. that's the point
Yes it does actually matter because the market also will know that deadlines are being missed and the MMs cause it to manipulate and drop. Why say things if it’s not possible to fit with timelines. I get that these things take time to sign the deals if that’s the case then don’t give a timeline. Happy to be proven wrong that an RNS drops Tmr but can’t imagine it to be completed on the very last day of “expected October”
Why are people getting hung up on getting the SH RNS tomorrow? I'm sure I read target completion date. if its a week or two out, what does it really matter?