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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 🙏🤞
Nothing can hold us back now ,go syme go
Would be hilarious if we have Banoco BPM this week as well!
Moving up looking very good now
Give it time.. not too difficult to poke holes in a syme rns .
I'm pretty sure we've declared a victory over tw at least 10 times before and the egg usually ends up on our faces
We can test a bag today and gap up tomorrow.
Lol..bet Tom Winnifrith is chocking on his late morning cornflakes when he read todays RNS!
I do get a bit excited when i see 20 percent rises JARVY i am also get ting excited about STG this is rallying too today and may multi-bag .....have a look Jarvy and let me know your thoughts .....i say we in for a 40 percent rise here today at least
... who and what is this - a neo banking group?
Why can't we get a name?
What's the secret?
Is it something embarrassing?
yet more games from Syme??
You need to Waco. I have been in this for years and no one is going to stop me saying what I think, least of all you.
I hope it does come good so I can get my money back but the years have told me not to trust anything that Zamboni does.
I hope he proves me wrong.
Under promise, over deliver.... Get the Banco BPM deal done & the rest will be history. GLA!
Divvy hopefully hear about this one next.
White-label IM business line
The Company announced that SYME and the working group (as referred to in the RNS announcement made on 3 January 2024 and includes Banco BPM S.p.A. - "BBPM" - and the WL Client Company) have been working closely to draft, review and finalise the detailed commercial contracts which will implement the commitment received from BBPM. Alongside this, the working group has been progressing the onboarding of the identified remarketers, at the same time as evaluating the opportunity for one of the remarketers to undertake a separate dedicated IM transaction. SYME had expected the contracts to be completed by the end of March 2024.
As of today, SYME, the working group and the external legal teams are finalising the review of the commercial contracts and further meetings are planned in the month of April with the list of eligible remarketers identified by BBPM to finalise:
- the remarketing commitment with the leading producer of the famous Italian cheeses, that is also a client of BBPM, to underpin the execution of the IM transaction; and
- the signed term sheet with the same remarketer to enable an ad hoc additional IM transaction with the remarketer.
Quite right Jarv55 , "it's a start" but important to note that the provided RNS does not explicitly mention the VORJ protocol or a white-label platform. It focuses on SYME's partnership with SFE and the Italian neo-banking group to launch the IM Securitization Program.
This strong buy-and-hold is for a substantial reward.135 million is not a joke deal.
Really are they colour blind should have gone to Specsavers lol?
Sellers not done yet.