The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Extrader, I dont think it is Carrefour, who was engaged in securitisation, I read ithe RNS as it is those mentioned companies supply chains, i.e. their suppliers and suppliers of their suppliers... which might not have the same standing as Carrefour itself
Hi Lokiloo
I seem to be picking on you, for some reason.
What interest would Carrefour, reportedly a € 75 billion MCap company have in a ? € 10-15 million monetisation offer at 3 x their usual borrowing costs ?
ATB
Hi Lokiloo
Carrefour will pay SYME group 10% , so they can repay borrowings at 3 %.....?
Don’t give up the day job …
ATB
Carrefour's share price went up today after being flat for a, while, if that's any indication.
Oh hello.. you've made a new friend :)
Bobak, why you are using we since you sold out last week? Are you using lies for a living?
With AZ's tweet it almost sounds like he is moving into supply chain finance rather than inventory finance. (Look it up on Google - otherwise known as reverse factoring). It's quite different to inventory financing. It allows small companies to get benefit of their larger customer's higher credit rating. It's a model that works. But it's a competitive market. And it doesn't give much comfort that he really knows what he's doing.
Not anymore Duffer, I'm hooked into this comedy LOL
Would keep that quiet.
Haha parm u watch eastenders.
LOL.. this is hilarious.. who needs EastEnders?
No fair.. Can I join in please :(
Lokiloo,
You may indeed be correct, the led is important. It reads the other way to me though, that the named companies are not involved and the companies involved are not named. The sheer competence of this language is so deliberately vague, its created to deceive. Its amazing sometimes when you do read a document 'written in plain English' by the same kind of lawyers who crafted these RNS' for SYME, how clear and precise they actually are. That we are debating it could be one way or the other is in itself evidence it isnt what it seems, and that it has been written like this, it doesnt deserve to be read in the way it has been targetted at me to interpret it by shouting out about the positives or thinking about them positively like i was this morning. Its not right!
OK sorry....... I have realised ..you lot is just one person..
A schizophrenic talking to himself .. LOL LOL LOL
Ok i give up Calamari. You're welcome to your opinion on what the wording meant.
Seemed pretty obvious to me but hey ho...
Calamari..
I honestly think you guys are making something out of nothing.
SYME wouldn't have run off a list of tiny companies nobody would have heard of here for many reasons. People would no doubt have picked holes in that if they did. What SYME i have done is listed the LEADING names (led?) and yet still you're trying to pick holes in it from what i can make out.
Good idea lads.. just keep talking to each other with you scripted responses LOL
Calamari..
Because it isn't up to SYME to dictate what Carrefour do with the money raised, perhaps?
Don't worry won't read anything into what you lot write! ;) (apart from the blatantly obvious!)
I don't know where the 'Absolutely' at the end of my post came from, but i hadnt meant it to be there. Don't read anything into it or this BTW...
You must all work for the same company... hope they pay well??? LOL
Justthefactsmam
"This portfolio comprises corporates of various sizes WHICH FORM PART OF supply chains led by the following companies."
By 'led' i presumed the list of companies that then followed were the BIGGEST names of the clients involved. Not the names of the largest members of a supply chain. The Tweet then verified the fact IMO.
If memory serves me correct SYME have stipulated they only work with companies of a certain size?
Absolutely
Calamari
If he had answered 'Yes Carrefour are a client of ours' he wouldn't have been answering the question posed.
I suggest you re-read.
Just out of interest calamari what is your exit point, its obvious what your position is and what we post on this BB wont affect the share price so you may as well be honest. I,m holding long term and looking at an initial exit point at 2.5p to take out my initial stake and leave the rest as a free ride so to speak.
2 Italian banks self funding agreements due end of September and could be update about Finlombarda news as well. UK pilot and Middle East also due my bet these two next week. All info in RNS dated 10th September. Bring it on! BOOM incoming!!!