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Perhaps the most informative RNS for a while although full of tech language which i'm still deciphering.
Interesting that Syme has retraced its working (partnership) with Vechain to generate various capital projects from wealth generating tokens. Both Vechain and Syme are keen in their own objectives to incorporate forms of monetization. My observations that Syme is meeting its obligations regarding token testing + minting etc and the involvement of NEO BANKS does give this credence. This may explain why Syme’s increasingly technical RNS are primarily aimed at those engaged within the blockchain/asset sector, not the General Shareholders. If it does meet its (WL or other) objectives Syme won`t be directly involved with IM`s but will provide its platform client's with services and updates. So as external funders take charge of contracts there’s no obligation from Syme to report on IM’s, but perhaps newly signed up fund holders, undoubtedly creating more fodder for the conspirators.
GLA
There was no anger in that post.
Temper !
Of course he is!
He's not going anywhere for a long time.
He's told you like 100 times
All the buys are tiny, to hold the price up while they keep selling.
4 years of it.
Keep trying to misrepresent what's happening though.
Is Peakhope still about ?
So many derampers claiming large seller but real amounts available are MM 2.70 small buys, up to 10k 2.80 and 15k 2.94 then NT does not say large seller to me. The spread is wide and no volume of sells. Daily ‘cancelled’ sell trades on repeat those MM or ii direct entries have fat fingers… on a technical level alone it’s due a big old bounce and looks like a couple of medium-large buys would tip it back into 3.00s! IMHO DYOR
I topped up couple weeks ago, as i expected a spike before AGM and i would sell that purchase on the spike.
Then went fishing and missed the spike lol.
Richred, thx i now understand it 👍
From march 2021.
'The past, we have had the opportunity to consider a transaction with a client that had inventory worth Eur150mn. Now, pursuant to the concentration limit of our risk mitigation policy, our cap means we look for client companies with Eur40-50mn worth of inventory to be monetised.'
Could this one big client be the same on which was previously not considered?
So UK pipeline dissapeaered, replaced with this one big client?
The only part that gives me some hope is the one client must be big.
It should be noted that of the current pipeline figure of £330.7 million, there is one single client that accounts for approximately 57% of the total pipeline.
Luckybob not sure about the sensible part I invested in Syme!
"As for UK pipeline the figures are for companies signing letter of intent."
The entire UK pipeline is £1.8M, and that company has signed an LoI.
For Italy, the pipeline is £318.6M, of which £19.2M has signed an LoI.
For the rest of Europe, the pipeline is £10.3M and that is all covered by an LoI.
There is no 'extra' UK pipeline that hasn't signed an LoI.
Syme starting to gain momentum behind the scenes got to be in it to win it,everything going digital,fintech,montisations,bitcoin,being a long term believer in the concept this will do the snowball effect it's only a question of when not if in my opion.Peak ,Hughes87,not herd from you guys on here for a while what's your thourghts???
Some highlights.
This leads me to conclude the Group is better positioned now than ever before in terms of commercial opportunities despite the challenges we have experienced with our corporate funding in recent months.
Looking further ahead, we hope to be able to generate sufficient returns for our loyal shareholders which includes both institutional and retail investors."
The team managed to overcome many challenges in 2023 and put in place foundations for SYME to start delivering in 2024 on its tremendous potential of reaching a large addressable market."
As for UK pipeline the figures are for companies signing letter of intent.
Seems a bit strange that in Italy pipeline numbers have doubled but in UK out the existing puprline from last time hardly non signed the LOI.
Need clarification from the company why this is.
No company wanted to sign.
Or they have not got around to sorting this out yet.
That would clear things up.
Not the first time things have needed clearing up after an rns, i am sure this will done pre or during the AGM.
Ditto, I am 96.45% down.
Just waiting for the lights to be turned off as no point selling.
Always honest and sensible Jarv.
It's a pleasure to read
The team are now prioritising the completion of the first White-Label transaction, the implementation of the security token and the IM securitisation programmes. Alongside this, we are focused on ensuring our corporate funding is sufficient to implement these priorities as the Group moves towards the breakeven. Looking further ahead, we hope to be able to generate sufficient returns for our loyal shareholders which includes both institutional and retail investors."
While I think they are progressing and its good news the banks are taking an interest now, his focus has to be on funding.
2g2d.. Rich is literally quoting word for word from yesterday's RNS. He's not adding words
@chewy, the uk pipeline is uk business, Italian is Italian business.
The funds can come from anywhere in the world. Still uk pipeline or Italian or other region
"Richred_uk
No mention of UK or Italy!"
Keep scrolling down, it is quite a bit further down. I am not writing paragraphs of made up RNS, it is a direct c&p from the release. Do a text search for "212.1M" or "21 April 2023" and you should find the relevant section.
"Could it be that a company in UK is now being funded by an institution registered in Italy hence the shift in pipeline values?"
I don't think so. It refers directly to the value of inventory held by "client companies". Here's the whole paragraph:
"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."
It hadn't occurred to me before, but the UK IM that was announced but hadn't happened yet per an earlier update - I don't know if that is the remaining £1.8M under LoI, or if that has now happened and is therefore not in the pipeline or if it has died completely.
Richred_uk
No mention of UK or Italy!
"The pipeline KPI represents the current potential value of warehoused goods inventory to be monetised rather than pipeline revenue expected to be earned by the Group (being the Company and its subsidiaries). As such, this provides a good indicator of the level of demand for the Group's warehoused goods monetisation services. This pipeline represents the value as at the most practicable date possible prior to the issue of this annual report (being 19 April 2024) and has been calculated on a consistent basis as the prior year comparative. It should be noted that of the current pipeline figure of £330.7 million, there is one single client that accounts for approximately 57% of the total pipeline.
As referenced in the business, trading and funding update announcement issued by the Company on 29 February 2024, the Group is in the process of conducting a full review of its pipeline and is progressing with requesting a formal letter of interest from each client company in its pipeline for which there is currently not a signed term sheet in place. At the date of this announcement, approximately 9% of the £330.7 million current pipeline figures are supported by either signed term sheets or the signed new letter of interest. This percentage is expected to grow as the new process becomes fully embedded."
The IM pipeline.
Doe the UK pipeline mean companies located in UK or companies where the IM is funded via an entity registered in the UK?
Could it be that a company in UK is now being funded by an institution registered in Italy hence the shift in pipeline values?
I am not taking them from the SYME website, I am taking them from yesterday's RNS.
https://www.lse.co.uk/rns/SYME/2023-annual-report-and-accounts-8zpyiufqm3hvhow.html
Not sure if LSE will block the above link which is to the RNS on this website. If you go to yesterday's RNS and search for the text in quotes from my posts, they are direct cut and pastes from the RNS.
Richred_uk
Annual reports arn't on the SYME website only up to Sept 2023 for the interim results which also don't state country of orgin for the IM pipeline.
hTtps://www.supplymecapital.com/page-results-and-reports/