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@poorinvester, market cap is still £140m. For a company with an unproven business model which is pre revenue this is still crazy.
Are buying
Have you looked at StormHarbour how big they are. They are Global and that where Syme are going . Buy hold boom time will come . Why your are selling the de-tampers age buying at your cost gla
Wolf bought in at his price yesterday. What price are you after Chalker? this is not going any lower mate, so buy or p155 off.
EU, UK, UAE, USA.
Even you must laugh at your attempts Chalker.
@Clumpet, you are probably right. Early next week is the real deadline. And tomorrow is still very possible.
@mick2, I'm not sure what you have against Yemen, and why you think they would not also deserve a pilot programme.
Well said mick2, Chalker should be banned.
The final signature might be tomorrow @6pm, Things can stretch beyond the proposed timeline, again I am expecting news next week.
Chalker, give it a rest, no one is selling here. Also please read the past RNS's properly so you don't need to keep asking pointless questions.
Why do you even waste your time on Chalker? Filtered him weeks ago to spare myself from nonsense. If we stop entertaining bashers, they will stop flourishing.
So going by that RNS WG, the update should come today or tomorrow!
@Chalker..
You think we're going to having funding issues with this lot as holders? I'm trying to drink a cup of tea but keep losing it to laughter.
Global Capital Life Asset Management 1,630,000,000
Belgrave Capital Management 1,630,000,000
Equitable Capital S.g.R. S.P.A. 1,630,000,000
Picket Asset Management Ltd. 1,588,262,310
Eurofinleading Fiduciaria SpA, Asset Management 1,542,757,890
UBS Asset Management 447,071,211
Fin-Eco SIM Spa, Asset Management 109,820,907
Interactive Brokers Group 71,996,000
Unione di Banche Italian Scpa 59,372,319
Eurizon Capital SGR S.p.A. 41,974,639
HBOS Investment Fund Managers Ltd. 41,651,793
A J Bell Holdings Limited 34,986,784
Global Prime Partners Ltd 30,756,725
Allianz SE, Insurance Investments 25,319,259
Barclays Bank PLC, Wealth & Investment 22,730,945
Close Asset Management Limited 21,354,856
Peel Hunt LLP., Asset Management Arm 20,331,746
Equiniti Group Limited, Asset Management Arm 18,853,810
IG Group Holdings Plc, Asset Management Arm 18,044,310
@mick2. No you're wrong. Both grammatically and factually.
It's all a bit hypothetical anyway. If Syme can't actually get a financing and securitisation away this is all over. Whether or not customers can get back their deposits will be irrelevant to investors.
@mick2, that's the customer's failure. If Syme can't actually arrange any financing that's syme's failure.
Chalker, fair point. The financing that these companies have had on offer before SYME was extremely bad. SYME, is going to rewrite company finance, and blow the old financiers out of the water.
Chalker, you come across as extremely contrary to the information in the RNS's.
I don't suppose you are a tin shed deramper? By any chance.
you are making an idiot out of yourself . Thought all of them had been banned.
Parkez - I have owned and managed SME Manufacturing businesses and you are right. We should remember who the real customers are and that they are likely to be very inconvenienced by delays. Imagine giving notice to your bank or other funders and then having to back pedal.
For this reason I expect news very shortly.
There is no delay.
Year ending 30 September 2021
The first portfolio Inventory Monetisation is expected to have a value of approximately €300m and to complete by the end of October 2020 (the first month of the next financial year). This is expected to deliver approximately £20.5m of annual revenue into special purpose securitisation vehicles and to generate an average annual net servicing fee of £6.5m to Supply@ME. The Inventory Monetisation contracts have a three-year fixed duration plus a one-year option.
The next securitisation programmes for delivery by 31 March 2021 is now being initiated. These aim to complete the Inventory Monetisation of the remaining Client companies in the current portfolio, and may include Client companies sourced for the pilot operations in the Company's new geographies. Inventory funders for this programme will include both institutional investors, and, following regulatory approval, the Captive Bank announced on 21 September.
The Company will continue to keep shareholders updated.
@weathergeek, if they can get this done I will definitely post a very positive message.
I actually think they will do this. They just need to find 30 companies that don't mind the aggressive accounting that is inherent in this true sale model.
But I imagine that being a salesperson at syme at the moment is hard work.
i have never run a sme so not qualified to comment i suppose...but surely they will have plans for the money they are raising?
Board talk of delays because many more companies added...if i was one of the 30 companies involved in the first forecast issuance and was expecting the funding ...i would bloody well expect it!
A delay for what ever reason would do nothing for Symes credibility...
Therefore expecting along with the 30 companies for it to materialise.
@mick2 - do you really think a customer will be happy just to wave goodbye to this onboarding fee if Syme can't arrange any financing? Non refundable or not that customer is going to be extremely unhappy and looking for redress.
And when they do announce its, What you going to chat about then? Can we see a new thread from you titled "well done SYME" and some positive comments?
The only reason they wouldn't, which i don't think is the case. Is because they'd be doing a bigger one.
It's very important that the company gets this Storm Harbour financing and securitisation away to start building credibility and demonstrating that the business model works.
If they can't, and I was a company that had already paid an onboarding fee, I would be asking for it back. The company would likely end up with all kinds of legal difficulties in such a situation.