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The unique solution which Supply@ME offers is starting to gain traction in the market which is demonstrable by the tangible progress made during 2023 of the first traditional Inventory Monetisation being executed in Italy. A further such transaction was also fully contracted with the first UK Company during 2023, albeit there has been a delay in execution of this transaction largely as a result of the IM being managed alongside an existing floating charge facility which has required the client company to gain specific waivers from existing lenders. While this has resulted in delay to completing the deal, it nonetheless serves as further proof an IM transaction model can work in the UK, including alongside existing financing facilities. To deliver the first IM transactions the Group has connected through its IM Platform the client company, inventory funder and stock company to facilitate the execution of the IM transactions. This in itself requires confidence from all stakeholders in the accountancy, legal and technology frameworks and internal processes designed to facilitate Inventory Monetisation transactions over the Platform. I look forward to seeing both the client and inventory funder base grow as the model begins to scale.
Ohh, and just to be a pedant, the reader infers, the writer implies.
2G2D - either you are being deliberately misleading, or you are incapable of reading a full RNS. The numbers I quoted are in the 2023 Annual report RNS. They are quite a way down, not at the very top.
You have taken what I said and turned it into a 99% switch which is NOT what I said. (Numbers after here are from memory). What I said is that the UK pipeline has decreased by 99% and the Italian Pipleline has increased by 96%. Those numbers are there in the company's own black and white. I have shown you the words and numbers, I have told you where and how to find them, LuckyBob has done the same. You can lead a horse to water ...
You can spin this as a positive for SYME if you like - look at how well the Italian originators are working - a market AZ has close ties to, one where Banco BPM (not Banoco - just a personal irritant) who are interested in WL operate - a great foundation for growth etc etc.
Comment is free - you can think what you like - but facts are sacred (to expand the old quote).
The way I read it was uk pipeline is down by massive percentage
Italian is up by slightly higher percentage.
That's not saying they've exited the uk market,its just what the figures in the rns say
Don't think he was misrepresenting anything
In plain English richred_uk was inferring that SYME had exited the UK market in favour of the Italian market...it may seem like semantics but a 99% switch has not occured.
Agree with Mister Green there is no reference explicitly citing that SYME has switched 99% effectively exiting the UK in favour of the Italian market thats plain misinterpretation..
It 100% IS in there...
but like so many SYME RNS's is very much open to interpretation.
I feel like you've stopped at the point the normal rns statements end with.. instead of scrolling on.
The title is pipeline
Further down it says region or something
Starts with Italy
Then united Kingdom
The europe (not uk or Italy)
I just quoted that straight from the RNS.
I clicked on the rns , on this site and I went past the chairman's statement, past AZs statement.
Keep going down.
It's right there
LuckyBob23
No!
here's the RNS's
hTtps://www.lse.co.uk/rns/2023-annual-report-and-accounts-8zpyiufqm3hvhow.html
htTps://www.lse.co.uk/rns/business-update-4tzsjudfifd32c6.html
htTps://www.lse.co.uk/rns/agreement-signed-to-launch-a-im-programme-33dc4oq8nk28e8k.html
Just a yes or no will do
Certainly lends perspective to the direction we are all going.
So are you saying this is not in the RNS?
"Client companies from Italy included in the overall pipeline KPI have inventory equivalent to £318.6 million as at 19 April 2024 (£162.5 million at 21 April 2023). It is worthy of note that 59% of this number is comprised of the inventory of one large corporate Italian client. The New LoI pipeline number is £19.2 million.
United Kingdom
Origination in the UK has slowed in line with the market indications that corporates are trying to optimise their cost of funding and the availability of dedicated inventory funding programmes by the CH Trading Hub. As Supply@ME continues to onboard the existing pipeline and build its track-record, this will unlock further related client company opportunities in UK. Client companies from the UK included in the overall pipeline KPI have inventory equivalent to £1.8 million as at 19 April 2024, (£212.1 million as at 21 April 2023). The New LoI pipeline number is £1.8 million."
Let's get to the facts..the RNS as attached does not mention country of orgin for the IM pipeline.
So all this fictitious nonsense about how 99% of the IM pipeline has been shifted from the UK to Italy so you can dispense with the made up fake quotes and references its truelly pathetic.
Equally only the 2023 prelims are available on SYME website the full year results are not yet available on the company site.
htTps://www.supplymecapital.com/page-results-and-reports/
hTtps://www.lse.co.uk/rns/2023-annual-report-and-accounts-8zpyiufqm3hvhow.html
Always had richred down as an entirely credible and genuine poster.
Rich has been here years.
Your the one making things up 2g2d..
Rich never said what you are saying he said.
Your making yourself look foolish
Me again! I wouldn’t say AZ has necessarily HAD us yet. I would definitely say he’s been having us, but to what end is yet to be seen imo. There was a time when I stupidly judged him by his personality. Nowadays however I realise he is an emotionless businessmen, which on reflection is probably the type of character to navigate this to where it needs to go, but who knows!!?
HtTps://www.citigroup.com/global/insights/citigps/money-tokens-and-games
This is very similar to SYME business model but is limited dye to regulatory constraints to just invoice discounting....who knows Cotibank might he interested in inventory monetarisation as well..AIMHO!
There is also Nuburu - it will be interesting to see what direction Nuburu take and what plans AZ has for it 🤔
Again Steve 👌
Thanks Peakhope.
Still holding strong Juno 👍 and waiting for AZ to deliver just like everyone else - agree with Steve Ward with regards to scam/fraud and all other theories - until proven ( if ever ) that’s all they are … theories
Suppose with lack of official news some will make up their own depending on their positivity or negativity - latest RNS at least acknowledged how hard it has been to get funders hopefully bpm WL will change that and SFE and neo banking group will help support IMs until banks move to using symes model - sooner rather than later hopefully 🤞 🙏