We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well 4 been paid oveand over and it’s not letting up despite the MM trying it on as it’s in constant auction on buy side and nothing decent size available! MM need to wind necks in and no more mates rates for shorts! IMHO DYOR
This appears to be a rehash of the 1AF2 pledged shares facility (just as RTOP was a 'variant on a theme' by SYME) :
(1) AZ through SFE (1AF2) is providing the margin/security ('junior debt') for the un-named non-bank financial institution;
(2) note that IT - not SFE- has the security;
.." the Italian neo banking group, through its investment banking division, acts as arranger and, following the necessary internal approvals, funder of the senior notes .... issued by securitisation special purpose entities formed directly by the latter bank;."
(3) note too that SYME's role is primarily administrative :
.." SYME is the platform provider and inventory servicer of the Stock Companies owned by SFE."
The overall 'take' may be the same/similar, but it'll be interesting to find out how much of the revenue-given its diminished role - it actually ends up with;
(4) and, as per usual, there's still a few things to sign off on.
Full marks for perseverance and creativity, though.
AFAICS, from a quick read.
GLA
Let's hope so - the RNS reads better than previous efforts, and finally the lesson has been learned not to offer deadlines (or worse, vague offers of "shortly", "imminently" etc.) which are then missed.
If they can monetise 135m EUR, while the revenue won't shoot the lights out, then maybe this business model is finally underway and we can see some of that snowball effect he's been banging on about...
Long way to my average.... some of us are 0.60.... 4 years waiting we long suffering shareholders deserve better.
I can imagine folks you know who is picking up these round few millions trades.
Looking fantastic!! Welcome on the board II's
In auction both sides now MM will have to mark it higher as volume of buys is insane. Don’t be surprised if you have to pay in the 5’s soon now to get any! MM really caught out today lol bless them and the shorting sharks! They were not expecting that gamechanger news dropping! Let’s see where we end up by close! IMHO DYOR
This has been dragged down ,more deals imminent that's for certain
Neobanks that have a presence in Italy include N26, Revolut, and Bunq.
Apology accepted Jarv55, non taken.
Haven't had the chance to read it through yet but if it means significant revenue incoming then it's bloody marvellous!
Still got a lot of ground to make up though...
G L A
All I know and forget the rampers who have just turned up. The lengths have been waiting 4 years for thisnews, one rns is not going to cut it, we need lots of them to get the revenues in so Syme can become self sufficient. But today is a positive day. And in this market I will take that.
EXpecting much higher by close and gap up tomorrow.Mega update is spreading very fast.
I don't understand it either but this will be down to the bank not Syme.
... well I don't understand why SFE can be named (nda or not) but not the neo-banking group?
Agree heading way over 4 now - someone just posted a superb chart once 3.50’s cleared and now full on NT on buy side! IMHO DYOR
They aren't going to name a bank they are under nda with unless they let them maybe email the company and ask who it is.
The deal is to IM up to £135m, we will get 1-3% in revenue. thats what you should be basing things off, not £135M.
Looking forward.
10x according to 135 million deal and tiny 17 million market cap.💪
CLIMBING EVEN MORE NOW ....HERE WE GO - whoop whoop 😉😀
... many thanks Jarva55, that's cleared it up for me no end. So, if I understand you correctly, 'an Italian neo-banking group' is the name of ... a bank?
3 yrs waiting.
I need 1000% to break even
Totdy just shows people don't even bother to read the rns'
Agreement signed with an Italian neo banking group to launch an Inventory Monetisation programme up to €135m
SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, following the business update provided on 5 April 2024, is pleased to announce that the Company has entered into an agreement with Société Financière Européenne S.A. ("SFE") and an Italian neo banking group aimed at deploying an Inventory Monetisation programme up to €135m Euro (the "IM Securitisation Programme").
Just a quick one , been busy and just read RNS - whoop whoop 😉😀
Well done all LTH for ignoring the noise and holding 👏🏼👏🏼👏🏼👏🏼hopefully WL confirmation will follow shortly and positive sentiment will return 🙏🤞