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TYPO ERROR
Syme will deliver wp this time on time, my opinion only.... i believe it will happen. However i dont really know whether this will impact the sp has everyone is claiming ... dont get me wrong i really want it to happen has i am tenths of thousands pounds down on my investment... i am hoping for the best and expectING nothing ... i learned my lesson on my syme investment 3.5 years on here
Upzeplums
No guarantee of a Banoco BPM working capital credit line but then again no guarantee that WL IM will progress to being a mainstream bank lending product.
However if the numbers add up a £5m line is really cheap for the bank to lend so it feels to me reasonable..Equally AZ through earlier RNS releases did highlight that they would look to diversifying the funding base. Hence a wc credit line with a key customer wouldn't seem implausible in my view.
Theanalyser
You missed the electronic asset token issuance vehivke/platform where IM is used as security for sub dividing the loan into investment tokens a bit like block chain...Equally the facility as 'drawn' you've just answered the other side of liquidity it's not a fixed term loan...thecampinys and timing of draw downs will vary soaking up the banks balance sheet cash liquidity which otherwise would be earning much lower returns invested in gilts and treasury bonds.
Think it through!
Ciao.
You seem to know what you are talking about Twogood2die. How can you be so sure that BBPM will give SYME a line of credit?
The way syme operates.
Gives us a date something will be done.
Rns a few weeks after that date with an update.
Its how they work and will be no different this time.
It's going to come good for us
TwoGood2Die
My understanding of SYME’s product is that once a facility is granted then the customer can draw on that facility and as inventory is sold, it is likely that new inventory will be added and financed. The IMs so far proposed are multi year deals.
On that basis the lending under the facility isn’t going to represent a high quality liquid asset so I don’t agree with your assertion that banks will be financing the SYME with their liquidity assets.
Also I doubt that HSBC a multi trillion asset bank is watching a €10 million transaction closely either.
I would also surmise one other point.
Assuming Banoco BPM like the WL IM product once they have one of their existing corporate clients on the 'hook' so to speak, customer retention is likely to be high, meaning SYME simply adds a new client, then another one etc etc with potentially very few cancellations, effectively SYME reels in all the largest most credit worthy of Banoco BPM's corporate clients.
This point as well as cash liquidity, risk management short versus long term exposure and its cost and complexity, balance sheet asset utlisation (or under utilisation of customer deposits) and interest returns is what's beginning to grab the attention of other leading local banks.
It wouldn't surprise me if HSBC are quietly watching in the background how things pan out with Banoco BPM as theyare quite a big market player in the trade finance market.
Just to add.
What's not been discussed I believe as yet is that banks generally have alot of short term liquidity tied up in their balance sheets to invest from customer deposits and apart from low yielding government bonds and trade bills there is not alot of opportunity for this surplus cash to earn a reasonable return.
Hence from Banoco BPM perspective WL IM may well provide an attractive alternative providing a lending solution to suitable corporate clients they know well, diversifying the lending base, by way of including more short term lending, reducing the size and exposure of short versus long term funding and investment strategies, as IM WL would mitigate short term customer deposits and returns by offering a matching lending solution.
This is a very pertinent point as banks in general hold billions of short term liquidity which traditionally they have lent out in the form of long term loans be it customer mortgages and corporate loans..
As such WL IM could provide a very attractive alternative if priced in a way that all parties see a 'win win' situation in effect sharing the interest spread over the Central Banks base rate between the lending bank Banoco BPM, SYME, the electronic asset exchange investors and the client corporate company as borrower.
Looks like a very good solution to tap into under utilised bank liquidity and balance sheet assets.
AZ could be on to a winner if he can pull this one off..
I also believe banks will see this as both a complimentary lending product and also to some extent a competitive lending product hence other banks initial interest which will likely grow in future assuming Banoco BPM progresses to mainstream product solution.
A nice 2400% rise would come in handy to get back to original investment from here.
Syme self financing in a year? Hopefully i will still be here but it has already been years. Can you really see this lying good for nothing doing anything? He has had our pants down for years and it is about time he changed his morals and did something for us long suffering holders. Good to see some positivity back. Long may it continue. Keep it going Lucky and TwoGood
I've got my fingers crossed for all of that happening 🤞
LuckyBob23
Agree a working capital credit line is not guaranteed nor is WL IM be delivered but if the bank like the product and see a market offering this to its existing corporate clients then a wc credit line seems a reasonable assumption.
We arn't talking about a large facility either circa £5m till the point SYME becomes self funded within a year I would hope.
Though i generally agree with some of what you say, you can't really complain about assumptions when your talking about credit lines from bpm based on a single transaction that hasn't happened yet..
I certainly wouldn't pay 1.99 never mind 6.99 though..
WiggyP
Lots of assumptions there..
AZ only needs to deliver WL IM and TW is shot to bits calling SYME a scam and AZ a fraudster is rather distasteful for a start.
Interesting to see if AZ is successful with WL IM what TW will say, will he retract what he claimed in the past, go silent, or continue with his allegations.
Personally I have no intentions of wasting £6.99 a month on his Share Prophets subscription given all the childish and libelish comments he makes.
If AZ were to go to court v TW I’m sure the disclosure process would make for very interesting reading for shareholders!
My money would be on TW as I’m sure we all agree AZ hasn’t been whiter than white in his dealings with shareholders…. Despite the sensationalist headlines used by TW there is generally a very accurate and defendable element to the stories.
For those reasons we know AZ won’t challenge TW.
"Yet despite these obvious errors in your post you get 3 recommendations proving the poor understanding of many SYME investors."
Does 3 recommendations = Many?
That's great.. now we just need some IMs
Morning. Just reading through this thread - is everyone aware that IM fees are charged and recognised in advance every year….?
Just saying .
GLA 😉
News on time by the end of week.
I don’t see anything happening by Thursday, due to the bank holiday this will roll on to April, hopefully have something by the end of April!
Firstly I do hope this time WL is actually finalised and not more delays.... although I am use to missed deadlines those who been here know what I am talking about we lths have gone through this many ... many....timed
WL is needed however it's my believe that to really move this sp to prior levels something new and special must be announced... revenue is key
Gl all ... hopefully the wl news will happen and soon
Theanalyser
SYME won't need any loans from TAG if it gets a working capital line from Banoco BPM.
So we have been told that BBPM WL deal should be finalised by the end of the March and that confirmation of a 5 million dollar commitment from a digital asset manager is expected to be revealed by then also.
Either one or better still both of those deadlines being met will be a great boon for us all - although , in my own mind , I wouldn't necessarily expect to hear anything until the first week of April.
The importance of that first WL deal cannot be overstated but I suspect that may not be reflected in any huge or sustained increase in sp , I think it may take a steady stream of income to achieve that.
As for the argument around whether or not TAG have enough cash to continue propping up SYME , well I don't know but I think they are a lot nearer the bottom of the barrel than the top and In any case we can only survive on credit for so long...
Sooner or later Bambi needs to get to his feet and RUN!
G L A 🤞 🍀
TwoGood2Die
SYME needs the loans from TAG to fund ongoing trading losses without which it will go bust unless it can raise alternative finance.
TAG and SYME are not in a group. TAG only owns just over 24% of SYME.
Yet despite these obvious errors in your post you get 3 recommendations proving the poor understanding of many SYME investors.