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https://www.lse.co.uk/SharePrice.asp?shareprice=SYME&share=Abal-Group-Plc
ticker changed to syme...
Started: LuisCoutinho, 23 Mar 2020 07:41
Last post: Adrianuk, 14 Apr 2020
Not on LSE yet but keep an eye out. Company is currently sorting everything out. 100m market cap! It's a good time to buy some cheap shares before news comes and SP flies!
Is there a new LSE page for SYME?
Started: LuisCoutinho, 19 Mar 2020 08:51
Last post: aceinvestor, 20 Mar 2020
Shares all count the same.
Does this mean we have shares in the new company as of the 23rd March Monday and how many shares equiv. to our existing holding?
All passed. Listing Monday (probably) code SYME
https://investegate.co.uk/abal-group-plc/rns/result-of-meeting---approval-of-acquisition/202003201252110430H/
Morning, anyone in the know of any news or anything related with the relisting in this troubled times?
Started: news, 5 Mar 2020 12:10
Last post: Conner1969, 5 Mar 2020
If we catch up with the NAV that they have mentioned in the prospectus then expect a X 10 Bagger from the list...which is possible I believe based on the numbers
GLA
PMH Capital on Twitter tweeted:
"Looks as if we have a new stock arriving soon on AIM, via a reverse takeover of ABAL. With a pro-forma marketcap, and raising $42.2m- @SupplyMe is a fast growing fintech firm that monetises inventory for businesses with a TAM of £1.9 TRILION." https;//twitter.com/CapitalPmh/status/1235462933561434113
8 hrs ago, Thur, 5 Mar 2020.
---
Just posting what was on the Twitter Abal thread today.
P.S. TAM = Total Addressable Market.
I stand corrected 5.9b.
Do the 5.9b shares hit the market or the 331.6m or both?
32b shares is ridiculous, makes my Million look pretty poor lol
They have a potential €1.9 trillion worth of business transactions to be got and they are the only monopoly
Being at the right place at the right time with the perfect supply chain solution for companies to bolster their books
Sounds good to me
Exponential growth and it has already proven its ability to do that
A real growth story here and I'm sure there will be a lot of smart tech investors wanting a slice of the action
Splendid news that it appears to be coming back despite what some doom mongers have suggested to the contrary.
Valuation looks way over cooked given the placing price is at a 90% discount to the suggested NAV and ultimately the SP will gravitate towards the placing price anyway, so this valuation looks like a way for the supply@ME people to retain as much of the business as possible. Anyway, interesting business and interesting sector notwithstanding the nonsensical valuation
Well, not worthless, but worth £230m. Will return on 23rd March. SP of the new company is similar to suspension price. So no RTO premium.
https://www.investegate.co.uk/abal-group-plc/rns/proposed-acquisition--admission---notice-of-gm/202003050700030432F/
in the first half of 2019, an additional prospective €300 million was originated. As at the date of the publication of the Prospectus and Circular to Abal shareholders, dated 4 March 2020 , €972 million of prospective contracts have been originated. The Directors and the Proposed Directors believe this makes Supply@ME one of the fastest growing inventory FinTech providers internationally.
https://www.abalplc.com/investors/prospectus.pdf
Does anyone know if this means anything? ^
Any updates or has this died, money gone????
Broker*s internal message quoted the AIM rules and that Abal has been delisted from AIM.
As such, it cannot be held in an ISA. It has to go into an Ordinary Share A/c or if one wished, the broker would send a paper certificate. The broker said to let them know one*s decision. If they dont get an answer, they will put the Abal shares into the investor*s Ordinary A/c.
Kindly check as that was the message to me said via the broker. Others may be different if they have different brokers.
As I said in my earlier posts a few days ago [can still see the posts], Abal is still live in Companies House and next a/c is in Mar 2020. I gave the LINK to Co*s House.
So, the money is still in Abal from the sale of the business. If they cannot do a Main Listing, they can REDISTRIBUTE the money in the bank of some $1m + milestone from recall but please check the RNS? The money still belongs to shareholders technically and legally? The money underpins the share price at close?
Tues, 25 Feb 2020
JOHN TREACY ON LINKEDIN:
"John Treacy: Abal Group plc.
Corporate Finance Professional.
Experience:
Non-Executive Director ABAL Group Plc: Nov 2018 to present- 1 yr 4 mths.
NON-EXECUTIVE DIRECTOR:
Eight Capital Partners plc
Jan 2018-Nov 2019 -1 yr 11 months."
Link: https://uk.linkedin.com/in/john-treacy-5184131b
------
So, Mr Treacy is still live for Abal Group plc which is also so at Companies House [Abal Group Plc].
Eight Capital Partners are listed under the ECP ticker and are shareholders of Abal plc. On the London South East, one can find the forum and read their RNS to see what is the latest with their Abal shares they own.
Thur, 20 Feb 2020.
"Abal Group Plc at Companies House. Co. UK [Free info]
https://beta.companieshouse.gov.uk/company/03936915
States:
"Company Status: Active"
"Next Statement Due: 1 Mar 2020 DUE by 15 Mar 2020."
"Next Accounts made up to 31 Mar 2020 due by 30 Sep 2020."
Click Icon "People"- 2 directors ie Charles Simon ["Active Status"] & John Michael Treacy ["Active" Status].
----
It appears that the co is still registered with Companies House, UK and has an "Active" status ie corporate wise, still alive?
Just checked, Wed, 19 Feb 2020.
What does this mean?
https://inno3.it/2020/01/29/blockchain-e-logistica-connubio-virtuoso/
Interesting, but we do need to sort out the listing.
From ADVFN
hTTps://epsioncapital.com/ These guys are our deal makers
Some thoughts of a Loggybog
Welcome to AIM, one has to be very very careful or your cash can suddenly vanish before your eyes!
Yes all loss. Because I have so many others delisted worthless you can only sell if they can relist.
Started: ipcutler66, 7 Feb 2020 10:40
Last post: smudgedan, 7 Feb 2020
I contacted the company regarding an update and was referred to this mornings RNS, per this response:
Thank you for your enquiry.
This morning the Company made the following announcement which we hope will answer your question:
https://www.investegate.co.uk/abal-group-plc/rns/cancellation/202002070700052555C/
The Company will keep shareholders informed as discussions progress.
Kind regards,
Abal Group plc.
Hi Folks, I've a modest holding and appreciate the updates and comments provided, but I'm completely lost. Anyone care to speculate on a timescale for relisting? Thanks
This could be huge if it gets approved, exciting times ahead
The European Situation
In Europe, the funding gap is not as stark compared to less-developed regions. A continued loose monetary environment with rock-bottom interest rates, coupled with lower demand from some of the weaker European economies such as Italy and Spain, have combined to reduce the funding gap gradually.
Nonetheless, although relatively low, the European SME funding gap (which includes but is not limited to trade finance) still stands at about 3% of GDP – roughly $440 billion. This is still higher than in the US at 2%. Further, European SMEs are also more dependent on conventional banks for growth. About 70% of their external financing needs are provided by conventional banks, as opposed to only 40% in the US. Thus, although the funding gap is low and improving, the consequences of the said gap on SMEs’ growth prospects are higher in Europe compared to elsewhere.
Spotlight: 4 Non-Bank Players Taking on Europe’s Inventory Financing Market
Keeping in mind the background of Europe’s trade finance gap as well as the opportunities and challenges for non-bank companies looking to increase market share in Europe’s inventory financing space, here are four non-bank players making waves in Europe’s inventory financing market.
Supply@ME: Supply@ME is a platform for connecting companies looking for inventory financing with investors looking for an alternative and higher-yield investing opportunities. A subsidiary of the Italian financial services company the AvantGarde Group, Supply@ME uses the latest in cutting-edge technology – including ERP integration, blockchain smart contracts, and Internet of Things (IoT) – to analyze and monitor a company’s inventory, present the information in a consistent & understandable manner to potential investors, and manage residual risk.
TraxPay: While many FinTech players seek to directly challenge the banks’ entrenched dominance in the supply chain financing market, TraxPay offers a more collaborative solution. Its platform connects with buyers’ ERP systems, allowing suppliers to view much more detailed information than they would be able to on a standard invoice. TraxPay lets buyers offer their suppliers dynamic discounting and conditional payments (secured by blockchain smart contracts) to improve their liquidity and working capital management. TraxPay also partners directly with banks, offering them higher clarity into suppliers’ businesses, allowing them to offer additional financing solutions – including inventory financing.
Demica: An established non-bank player in the working capital solutions space, Demica’s primary clientele comprises large corporates doing over $250 million in annual revenue. Because of the size of its customers, Demica offers a more bespoke service complete with advisory, which is more reminiscent of a private placement rather than a public auction. On top of that, the company also licenses its platform to third parties, including banks and other financial institutions.
$1.5 trillion – that’s the value of the global trade finance gap, which is the difference between businesses’ demand for trade finance and the amount lenders are willing to supply. The primary casualties of this disparity: small and medium enterprises (SMEs). According to surveys by the Asian Development Bank, SMEs face rejection rates as high as 45%. By comparison, multinationals have their trade finance applications denied a mere 17% of the time.
This is not a new problem, but it is a stubborn one – the funding gap has remained at around the $1.5-trillion mark for several years now, although it has come down slightly from its all-time high of $1.6 trillion in 2016. And the implications of this problem are dire, especially for SMEs – without the requisite funding, how can they grow their business?
Inventory Financing: Helping SMEs Grow
To combat such dampened growth prospects for SMEs, one aspect of trade finance stands out: inventory financing. The most common trade finance solution currently is by far factoring & reverse factoring, which is based on the financing of accounts receivables and payables. In inventory financing, companies can obtain financing to purchase inventory – the financing is then secured and appraised against the liquidation of the value of the acquired inventory.
Inventory financing is thus much more growth-oriented. Since buying and selling additional inventory will directly increase revenue, inventory financing is explicitly linked to a company’s growth. Especially when still in the growth stages, SMEs do not have sufficient assets that can be used to secure a direct loan. But with inventory financing, as long as the lenders are convinced that the additional inventory will be sold, they will be willing to extend financing. For product-oriented SMEs feeling stuck in the growth phase, inventory financing can prove to be an invaluable tool.
Furthermore, inventory financing is still relatively less common when compared to the more traditional trade finance models of invoice and receivables factoring. As such, they present a sizable growth opportunity for FinTech companies looking to break into the trade finance market.
FinTech Companies Helping Plug the Gap
Conventional banks remain the main suppliers of trade finance products. But their stringent capital, compliance, and risk requirements limit the amount of trade financing they can provide, meaning the funding gap remains large and persistent. This presents a clear opportunity for the burgeoning FinTech industry.
The business models of these companies vary, from being simple trade finance lenders (whether from their own balance sheets or crowdsourced from third parties) to providing sophisticated analytics and information to the traditional banks on trade finance prospects.
Inventory financing is another focus area for them, as it is a less-crowded market comparatively. In this space, FinTech companies and other non-bank players are looking to enhanc
Clear as mud! Hopefully we won’t have much longer to wait for some positive news!
Started: jptop7, 21 Oct 2019 22:33
Last post: jsmith23, 22 Oct 2019
Dominic White (current CEO of 8 Capital Partners) is also the mentioned director of Supply2 ME Capital Ltd The newly registered company also shares the same address in London where 8 Capital are currently operating.
Hi guys I found some good info on your company. https://www.finextra.com/pressarticle/79398/supplyme-to-launch-working-capital-platform-on-siachain Im not in here but have a holdingin Eight capital which owns 20% Abal ao should help them to get off the ground . gl everyone. Eight Capital Partners Plc Share Price (ECP.PL) is on Nex.
Been a few weeks now, supply@me ltd has been set up so hopefully an update not too far off now.
With a low placing price for the RTO then a guess would put supply@me between £3m and £5m. That would mean between 500m and 800m shares placed. At £5m that would give TAG 80% of a main listed company which seems high. Maybe another 100m to 200m for cash will provide liquidity.
I would imagine that it will need to be voted on for shareholders approval.
On what to expect: probably heavy dilution to the current share issue. If this all goes through, then who knows where it will be in a few years. This would be a long term hold for me, here's hoping it all goes through and Brexit does not put the brakes on it
HI fiveotes,
Thanks for your psot as an ABAL shareholder do you know what the next step is and what to expect?
Thanks
The more I look into this the better I feel about my investment. Especially the link to the company SIA. My only concern is how many share will be issued to by Supply@ME
SIA - https://ibsintelligence.com/ibs-journal/ibs-news/supplyme-launches-inventory-monetization-solution-through-siachain/
Alessandro Zamboni is the CEO of AvantGarde the 75M euro rated company and Supply@ME
Exciting times ahead
I'm surprised that an EGM date hasn't been proposed. I was expecting an RNS this morning. Really looking forward to this being taken out of suspension
Call me a rose tinted investor but I can see a future UNICORN based on the current numbers that we only found out about....with the mention of rolling out In Europe then comes in our sugar daddy SIA
Bodes well and was worth waiting for
Supply@ME is the first independent FinTech Company provides a new way of Inventory monetization in order to satisfy Companies working capital needs operating in a wide range of industrial sectors. This scalable and pan-European service is already gaining traction in several domestic markets through partnerships with major Arrangers and Banks.
Very exciting for you guys, I'm not a holder but I'm looking forward to watching.
All the best, well deserved.
Supply@ME has already clinched more than 300m Euros worth of contracts with Companies and signed agreements with cross-border Financial Partners, supporting the execution of contracts and the target of new goals in the next months
NICE !!! more than 300m Euros worth of contracts £ £ £
About us
Supply@ME is a subsidiary Company of the AvantGarde Group S.p.A. – cross-border “fintech hub” with three active business lines: Regulatory – Technology (“RegTech”), Insurtech, and, through to Supply@ME, the c.d. “Asset-Based” Fintech.
The service model is managed by an innovative Platform that puts together Funders, through a securitisation scheme, and the Companies across the world. The structure works with several domestic Special Purpose Vehicles (“Stock Companies”) that are the commercial counterparties of the Manufacturing and Trading Companies. Behind the service are managed several exponential technologies with the aim of making Supply@ME the best Fintech re Inventory data monitoring system.
Supply@ME has already clinched more than 300m Euros worth of contracts with Companies and signed agreements with cross-border Financial Partners, supporting the execution of contracts and the target of new goals in the next months
Website
hxxp://www.supplyme.tech
Headquarters
Milan, Lombardy
Year Founded
2017
Company Type
Public Company
Size
51-200 employees
Specialties
Inventory financing, Working capital optimisation, Asset based lending, Inventory monitoring
So it's now confirmed that our new company (supply@me) we are about to reverse into, has already bagged 300 million euros worth of contracts on what they already have in the bag ?
Anyone want to guestimate a short term future MCap then ?
A compelling investment case here to take a slice of a new company that's in the hottest and sexiest sector of the market - with the backing of Europe's No.1 Blockchain solutions provider SIA
who are now partnered up with us for the European roll out to provide Supply@ME's solutions to SIA's existing customers...
Mcap can go any where once the company has reversed and settled in on the main market.
Valuation will catch up and reflect on the SP if one is patient enough.
Expotential growth as blockchain based TECH is the way forward
I will be holding all my shares now...as i see a real growth story / business here.
We are currently involved in:
Innovation, Fintech, Regulatory, Insurance, Digital transformation, Working capital optimisation, Blockchain, Internet of Things, Artificial Intelligence
Inventory financing, Working capital optimisation, Asset based lending, Inventory monitoring
from tiny acorns - oak trees are made !
Congrats to all those who had the balls to stay put
Well done for holding, you will be rewarded soon!
i got around 50,000 shares
Okay I stand corrected :) A lot depends on the fundamentals of the new company. But I still expect a big rise when shares are unsuspended. Do you have a holding here ace?
Shares can be issued at any price.
aceinvestor, shares can only be bought at current share price, the real price rise comes after suspension and RTO completion. Brilliant news for all holders!
If it is an Italian company then I suspect we won't hear anything until well into September, since we're in the peak of Italian business holidays.
I'm not sure what it means to be honest, are we screwed or safe? Who knows with this company.
If they do list the said companies with a RTO then liquidate or redeem the shares what does that mean for us share holders?
I suggest you read the investors announcement dated 7th August 19 on 8 Capital Partners website
What rumors?
Started: Wilfred4412, 5 Aug 2019 15:41
Last post: Bobat123, 6 Aug 2019
The Company became an AIM Rule 15 Cash Shell on 5 February 2019 and, as such, the Company is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 within six months of 5 February 2019 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million) failing which, the Company's Ordinary Shares will then be suspended from trading on AIM pursuant to AIM Rule 40.
Accordingly, trading in the Company's shares were suspended from 7.30 a.m. today.
Admission to trading on AIM will be cancelled six months from the date of suspension should the reason for the suspension not have been rectified pursuant to AIM Rule 41.
The Board continues to focus on acquisition opportunities which could lead to a reverse takeover under AIM Rule 14 and is currently in an advanced negotiations with a fintech business which may or may not be successfully concluded. A further update will made in due course at the appropriate time."
That's a good question. Good sign is all major shareholders haven't sold, especially Eight Capital Partners plc, who are looking to RTO a company valued at 75m.
They already had 6 months, what have they been doing?
Shares will be suspended for six months and then delisted if a RTO is not completed within the six months period.
How long will the shares be suspended for? Isn’t there a risk they would not relist?
Aim is a bit different Reece - 6 months and off you go completely after the initial 6 months of open play.
Most t/0 take ages and normally suspension ,ok it may go well but normally they are suspended for 12 months or so .
Last post: warrantwatcher, 5 Aug 2019
I'd also add that there is now a circa 30% " spike "
That there is no interest on the board today when, without news, the share is due to be suspended tomorrow morning.
Started: foolsgold07, 2 Aug 2019 14:09
Last post: Adrianuk, 3 Aug 2019
Good on you Connor. Hope you and all holders will be rewarded. Suspension bothers me but am still holding half long term. The BOD are careless and should of corrected their mistake weeks ago. But the end target is still the same, just needs more time to complete the RTO process. Good luck all.
Holding all my shares
I have not sold but have added
GLA
Hi Conor, out of interest did you sell? I held mine no point in selling now
20% spread.
Today is the last day to buy or sell your shares as suspension deadline is 7.30am
Half hour before market open
You will.not be allowed to buy or sell shares
people selling their shares on the cheap are all been bought straightway.
2-2.5p on relist
+250-300% from the current sp
Worth a game
Same script as KIN/ BIDS
Cash here 1.1-1.2p equivalent isn't
Lovely discount to cash
Started: Adrianuk, 1 Aug 2019 11:01
Last post: Adrianuk, 2 Aug 2019
I don't have as much faith in Abal Group now. I sold half and invested in Kibo Energy. Happy to see how this goes but risk has increased.
The AIM really is the wild west. They can do and say whatever they want. I can't believe that they didn't know the suspension date!! how does that happen?
Many bought at 1.20 cannot see many people selling but then you can never tell
tick tock - monday may be the last trading day
will there be a sell off?
The Company became an AIM Rule 15 Cash Shell on 5 February and, as such, the Company is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 within six months of 5 February 2019 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million) failing which, the Company's Ordinary Shares will then be suspended from trading on AIM pursuant to AIM Rule 40.
In an announcement dated 1 March 2019 the Company incorrectly stated that its shares would be suspended on or before the date falling 6 months from 5 March 2019. This date should have been stated as 5 February 2019.
The suspension of the Company's shares will take effect from 7.30 a.m. on 6 August 2019.
The Board continues to focus on acquisition opportunities which could lead to a reverse takeover under AIM Rule 14.
Started: Adrianuk, 2 Aug 2019 12:08
Last post: Adrianuk, 2 Aug 2019
It's a shambles, anyway suspension August 6th. Will still have six months to complete the RTO.
Started: aceinvestor, 1 Jul 2019 12:02
Last post: Adrianuk, 1 Aug 2019
Eight Capital Partners plc: own (22,61%) of Abal Group shares. Which strongly suggests a successful RTO is very likely.
Looks to me like there are back ground buyers here accumalting loose stock from any selling.
MM drop the bid to encourage sellers to fill back ground buyer(s) ?
Let's see where we are at EOD
May see more big buys as we count down the days before RTO news
That 18.95k late buy is hopefully a sign of good things to come.
People selling out on the low price and some one accumulating. This will double treble on news
Unfortunately we don't have much to go on. I think the mystery independent consultant was brought in to oversee the RTO into a fintech company. But we will have to wait for news and cross fingers :)
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