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The former titan in the working capital sector, formerly Softbank-backed former unicorn Greensill Capital has reportedly filed for insolvency protection in Australia.
I suspect the FCA will be taking a much closer look at all these alt-fi schemes going forward.
Syme is a platform not the financier !
.."Syme is a platform not the financier !.."
...""London-based Greensill Capital [= Captive Bank] helps manage the supply chain finance funds, [=SYME]originating and [ = TAG/1AF2] processing the credits which go into the funds[= SYME's SPC's] and helping to secure investors..."
https://uk.advfn.com/stock-market/london/supply-me-capital-SYME/share-news/Supply-ME-Capital-PLC-EUR-8bn-Funding-Agreement-w/83294674
Capisce ?
Green trolls spouting nonsense no doubt.. lol
Get an investment! Or even better go get a life!!
@extrader why don't I have you filtered?
Do some reading up on what the company actually does, you are embarassing yourself now.
Imagine spending nearly 50% of posts on a company that not only are you not invested in but you have no idea how its run.
Heh, quite funny when you put it like that!
My bad.
Should read :
...""London-based Greensill Capital [= Captive Bank/ AZ 'Partner' ] helps manage the supply chain finance funds, originating [= SYME / AZ CEO ] and processing [= TAG / AZ Beneficial Owner ] the credits which go into the funds[= SYME's SPC's] and helping to secure investors..."
https://uk.advfn.com/stock-market/london/supply-me-capital-SYME/share-news/Supply-ME-Capital-PLC-EUR-8bn-Funding-Agreement-w/83294674
Those are the similarities that give rise to potential conflicts of interest.
IMO
London,
Filter the troll, best thing I ever did, just spouts nonsense, probably in 'comas' with some link to some other place that he has copied and pasted lol
These angles really are desperate doo doo.
You can do better than that ex lol.
@extrader
Your big fail is that you can't nail a single issue / fault down, your like the proverbial 'cat' chasing it's tail. Your direction of attack changes from hour to hour, from day to day, so embarrassing.
He’s not wrong though whether you like it or not.
Greensil match the finance required to the funders. It’s not exactly the same but it’s roughly I’m the realm other than we are monetising inventory and they monetise receivables.
I think a lot of this is tied into the fortunes of a British steel magnate anyway being pressed by credit Suisse to lower there exposure to Greensil and he hasn’t managed to secure finance anywhere else.
It doesn’t shed a good like in Credit Suisse’s confidence in Greensil’s business model though and is probably a knock of the pandemic and subsequent downturn in the economy and trade.
No news so lets write any old cr**. Its another day in the life of Syme.
'Greensil match the finance required to the funders. It’s not exactly the same but it’s roughly I’m the realm other than we are monetising inventory and they monetise receivables.'
How is it the same when monetization of trade receivables is quite common place, Syme is the opposite hence all the trolls speculation that this 'new wheel' is not legit as they have been spouting for months!!
Trust Wolf to side with the resident troll !!
It’s the platform intermediary aspect of matching the funding required to funders. It’s just monetising a different area of the balance sheet.
I read everything, ramp or deramp if it increases my knowledge but to dismiss this as having no relevance to SYME is to be a) looking at it in very (too) simple terms or b) not really understanding how the Syme model works.
It’s not a football match it’s not picking sides.
'It’s not a football match it’s not picking sides.'
WRONG
It is picking sides, the side of being an investor against that of trolls like Sex and Squid et all who constantly troll this share though they have no investment here.. yet you always side with them! This is not just my opinion but of many on this bb.
You can read all sides, research and reach your own conclusions without siding with rampers or derampers, when you don't you are a dodgy so and so IMO !!
Oh dear.... quoting ADVFN as if it were some reliable source. Both pathetic and laughable...
There are similarities to Greensill....but there is also a fundamental difference in that the financing is secured against physical collateral as opposed to the overall trading performance of the company and its sales. The key consideration is if SYME get tarred with the same brush as Greensill but IMO there is enough of a difference to differentiate itself from the Greensill business model as opposed to simple window dressing.
Fundamentally if SYME can demonstrate this difference the demise if Greensill does offer good opportunity to potential funders and clients of Greensill there is a better way...
.."It’s the platform intermediary aspect of matching the funding required to funders. .."
With respect, it's a bit more than that : it's the built-in potential for conflicts of interest.
hxxps://www.swissinfo.ch/eng/bloomberg/credit-suisse-fund-lent-to-billionaire-greensill-s-neighbor/46062322
.."Greensill sources the assets -- mostly invoices [ in SYME's case = inventory] it buys from suppliers at a small discount -- packages them into notes and passes them on to the fund through a warehousing agreement, as long as they meet certain parameters.
The structure effectively lets the seller of assets decide what the fund buys."
A greedy commercial bank like Credit Suisse might greenlight this, I 'd be surprised if Captive Bank's regulator would.
But this is a learning process, so who knows ?
HTH
The big thing is that AZ knows all this, he has to navigate the company through all this.
Raising 'wishy, washy' stuff, then adding stuff like, 'But this is a learning process, so who knows ?', just pathetic.
Parm - you’re a horse with blinkers, self appointed police man of the board.
You look at everything in very simple terms and try and quash any hope of having a decent discussion just because it isn’t a shameless ramp.
@Wolf
That's not correct, Parm adds some sanity to the board. I think Parm has been most 'equitable' to everyone here.
"Raising 'wishy, washy' stuff, then adding stuff like, 'But this is a learning process, so who knows ?', just pathetic."
"It ain't what you don't know that loses you money. It's what you know for a fact that just ain't so."
Mark Twain.
HTH
Too much emphasis is perhaps being put on Greensill as AZ said himself their nearest comparative is the Falcon Group which is quite a bit different .
@extrader
But you have no facts, just the constant 'drivel', day in and day out.
"It ain't what you don't know that loses you money. It's what you know for a fact that just ain't so."
Mark Twain.
Thanks reb, But Wolf will claim everyone that isn't deramping is a ramper !!
He won't entertain that his friends post with ulterior motives, is that delusion or something more sinister? I am sure people can make up their own minds.
I will call out rampers like Peace and have had a go at JR, although I do understand someone with £500 invested here will post crap and think this will multi bag!
Wolf cannot conceive someone or many it seems, posters who are NOT invested here continue to post daily and sow their seeds of doubt!
That THEY have ulterior motives, is he deluded? Or one of the crew?
Remains to be seen doesn't it!