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Nothing unexpected here, we all knew the first round of funding would be 300m, today's RNS just cements the fact that things are progressing on time, also note that we where expecting 97 company's to be serviced by this time which has increased to 142.
Whats the next round of funding again for 2021, 4 billion at a 50% increase in revenue through captive bank.
They definitely are not the same thing, recognisable revenue is what it's all about, which is invoiced revenue recognisable in that quarter....or whatever calendar term is being reported
Our “exclusivity” ii still loading up. Something big coming.
As Weathergeek and others advised this is an Italy update ! Still got the rest to come in worldwide for this “PROVEN” monetisation platform which I again mention has no financial risk to Syme as we get paid up front. No brainier scalable investment and income will be flowing in from everywhere shortly due to the need to keep companies afloat in these trying times. Still great to buy at this level.
It is obvious this is not what AZ is betting on to push sp well above 0.86p by december. This is only the Italian market. Two of three large companies could see revenue x10.
I’m not sure this makes any difference here but getting paid upfront and revenue are not always the same thing in accounting terms. I’m thinking of the difference between when the work is effectively done vs payment terms for that work. I wonder if this needs to be clarified.
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.
Complete by Oct2020*
Anual revenue*
SYME get paid upfront.
SYME will be setting up the next round for March 2021. It will be huge in comparison and they will be getting upfront payments. That is just the first round. Completing next month. Bringing in the values quoted..next month. Read it several times.
I agree, RNS does state annual service fee of £6.5m not just for October. But that is just for those onboarded so far and this will continue to grow and that's the key point.
Can someone help me understand this better please?
'generate an average annual net servicing fee of £6.5m to Supply@ME'
That suggests to me the £6.5m is for the year not October so why are you saying it's £6.5m in just October?
why 6.5 Mln net revenue for october? I miss the point.
good news that we have figures..so a solid base.
I am interested in understanding which is the group structure and the relation between spv and Supply me and how AZ could move revenues from an entity to another?
what news could help the stock price this week?
And... All numbers are ONLY Italian. SYME did not update on any global numbers yet. I think market misses this. Sad losers - the ones who are selling now. People just don't bother to read RNS properly and switch their brains on to think about what it means. Or they just want quick gains and realise that this is a LT hold stock. Either way - loosers.
This is absolute proof of the concept and demonstrates a real appetite fo9r inventory monetisation. Just extrapolate the revenue to the 140 or so Italian companies being onboarded never mind the UK, Middle East etc etc and you can see the potentially huge upside from here.
Rome wasn't built in a day and this is a rare opportunity to invest in a disruptive business that in a few years time will be generating significant revenue.
WG you going to do some calculations today? I might wait until the end of the week.
Lovely RNS. I' m hoping to top up once my EUA produces something. lol. Hope SYME hasn't taken off completely by then.
Lol nice one. Not sure people understand this is huge compared to earlier predictions. The growth on this is mind boggling :) .
Just thought I'd highlight the revenue for next month! Haha.
To the "No revenue" posters...... Lol