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Working on averages about 100k from first banco WL IM.
Now if every IM bought in similar it would not take long to cover costs and actually make a profit if the snowball ever arrived!
Need to speed things up a lot though.
No Steady, but If people are going to suggest BPM would provide a credit line, its just useful to understand how much in terms of WL IMs need to happen to make that a viable option.
The idea is to launch WL across more regions and multiple banks.. but I dont imagine they're just going to go from one WL event to 100 without analysing the whole transaction from start to finish, so how longs that first event going to take to pay the client their monetization finds, to them paying it back so all that data can be scrutised and other banks can say YES like the man from delmonte
It's never been about this WL deal but what will follow regarding potential revenue.
White Label IM margins between 0.5% and 1.5% per 2022 annual report CEO statement.
So if that is right revenue will be €50,000 to €150,000 for this deal. After costs that could be a lot lower.
We've speculated about it before but not sure if that's a fact .
If anyone has an rns or interview in which that's said it would be appreciated 👏
I thought WL was 1%.
Said nobody….
It would be helpful if we knew details.
How much is the bank making from loaning the money to the stock company who are funding the WL
How much are we making percentage wise per transaction?
Other banks will be watching this unfold.
Once Banco has rolled this out and is making money, the concept is proved and de risked, expect other banks to follow.
For their first WL 10m is a great number, previous IM’s seemed low but they were proof of concept leading to where we are now.
A very cautious estimate of just 30 customers from each of the 3 banks in italy for these amounts would be pushing 1 billion in WL.
Approx 10m in fees for syme.
Thats just 3 banks in one country.
Do the math as the yanks say.
I would also add that AZ did elude to diversifying funding, understand SYME's remaining cash balances are very low..Hence a Banoco BPM bank funded working capital loan would make perfect sense and align to the recent RNS's on diversifying funding. It would also stablise the business, give investors confidence that the business model is not only deliverable but generating growing revenues and earnings, slow but sure, as a result the share price is more than likely to bounce back strongly but there will be alot of turbulence in the early weeks following the RNS announcement, with alot of investors either exiting as LTH's frustrated over the long wait, while new investors buy into the future strategy...
Of course there are risks attached Banoco BPM might not decide to progress with the WL IM product for any reason, and the fall out would be very material as we all know on top of the share price declines in recent years .
However the omens look quite good and it's reasonable to expect that Banoco BPM will progress..We also have two other Italian banks interested and one UK bank I believe in the background also interested in the WL IM product.
An interesting few weeks ahead..GLA!
If the bank likes the WL IM product and want to ramp up sales to other corporate clients why wouldn't they provide a £5m working capital credit line to do so..Banoco BPM has over €100 billion in loan assets a low value £5m loan earning mates rates isn't going to have much risk of an adverse impact on the banksbalance sheet when there are millions in profits to be made and plenty of short term liquidity on the banks balance sheet not earning sub optimal returns while corporates are seeking to generate funding though their inventories to enhance their cash flow..It seems to me a perfect marriage..
Scamboni,Scamboni Where art thou?????
And another thing…
Does a 1 million uncrossing trade take you from 22.5% up to 11% down… 🧐🧐
You do? Or we do? Most people been here many years!
As much as most people think I’m here to down play Syme, I’m not! I’m just honest an open about my assessment of it all. We get the random people saying we are now in the 4s… yes we are/were but with a 20/39% spread!! Which in this share means it’s always going back to .003
When the spread narrows to 2% and we hit the 4s, ok, we are moving forward.. but that forward is not what most LTHs want. They want their money back. And I for one back those people not the ROBBING, LYING and in my view 2 faced board of directors.
We have the happy clapping gang. But does any ever question why? Look at the SP through the years…
I am a LTH. We need to get the uncertainty about funding out of the way
So would we be looking at 20 billion shares at 0.025p to raise £5 million? You would think they would have to raise enough for a year. Would be a good development from my point of view
Well then, AZ must be praying that institutions will want to partake in a placing retail investors wouldn't touch.
Unless he can find some more of that 'Magic Italian Money' then it's looking pretty glum.
Don't see how they can do a public raise.
Who'd soak that up?
The only volume is that of whomever is trading it.
As for takeovers.. should be the last thing shareholders want to happen given our struggle to fund anything significant. We'd get less than it is now.
The institutional credit marker has become very tight as economies in Europe have contracted rapidly. It's unlikely to find insti or solo private takers.
The current buzz is that a public raise is being organised and it could be significant. There is no talk of takeovers.
The spread is ridiculous hence the wild swings.
In HL it,s now showing up 0.004p (12.90%)
In HL at the time of post 22.8%
Where are you seeing this please ?
Why would you want a takeover?
Raise within 6 working days but not public offering
then wl ...
then takeover...
simple really