Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This place has really started to go down hill hasn't it.
The Real Donald. I know twitter isn't too kind to you, but you chsttin' S here.
Great work my man.
You have recently been certified as Sharia compliant. Global scope and reach, not just ME and UAE. A market broadly valued up to $3trn. Are there talks or even plans about more spokes being added to “the new wheel”? Using your platform and IP to generate additional revenue streams beyond Inventory Monetisation?
Once the Platform has completed the authorisation process (as stated in the latest RNS), SYME will manage the onboarding of an initial portfolio of Client companies sourced through the Shari’a Funding Specialist’s network and the extensive commercial banking and business relationships of Mr. Khaled Abdulla Almass, owner of iMass. We will also enable the Shari’a Funding Specialist to raise capital through the distribution of Shari’a compliant notes or certificates issued by the Shari’a compliant Inventory Monetisation platform.
Once these stages are complete, we will explore whether Shari’a version of the platform could be rolled out in new geographies where Islamic Finance is an important part of the local financial services industry.
Another one I called then. Real estate.
You must be new here. I'm an OG pal.
Language is to be interpreted by the individual, but in the coming days to me, at the beginning of the week, means before the end of the werk. I like AZ but he needs to stop doing this.
RNS will come, but he needs to use different words in the future. Because this kind of language, where this company is heading, will be detrimental.
UK framework can be adopted within countries that operate similarly to English common law.
AZ said just two weeks.
That's the Commonwealth.
Excluding the UK, $10trn GDP market.
Financial centres include
Sydney/Melbourne,
Singapore
Hong Kong
Vancouver/Montreal/ Toronto
Mumbai/ New Delhi
Some of the fastest growing economies in the world.
Perhaps AZ is satisfied with Epic SIM originating 250+ clients in 2021 in the £10-£15m range along with the self funders doing so too.
While SYME itself will focus on
- brokering the big contracts +additionally their supply chain
-adding additional markets
- liscence agreements
-attracting more funders
Let's understand one important factor. Due diligence now gone from 2-3months to just 1 month. One way to look at that is tripping capacity. If you could onboard 50 clients per month before, this implies you could possibly onboard 150 now.
With the UK pilot being up to €500m and one global asset manager to fund this pilot, what are we saying with the US pilot.
Starting bids at €1bn.
272 client companies introduced by an Italian banking group.
Not specifically mentioned within this RNS.
Self-Funding
"Self-Funding enables banks and other institutions to offer the Inventory Monetisation service direct to their customers, such that the banks and their client base can benefit from the systems, assessment and monitoring processes of SYME's Platform.
The Company continues to work with two Italian Financial Institutions on self-funding transactions and anticipates further business synergies between them and the upcoming Captive Bank. More specifically, one of the two Institutions is developing an insurance product which could combine the future role of the Captive Bank and the unique market position of the Inventory Monetisation Platform."
I'd like to know what is going on here. Sounds to me like this is awaiting the captive bank being being completed.
272 @ €10m a pop is €2.72bn.
This, in addition to UK pilot of up to €500m
UAE pilot of up to €300m
US..to be confirmed.
I think many people are missing the bigger picture set out in this RNS. We've gone from X clients with X contract size = Y company size overtime.
To AZ confirming bigger contracts already undertaken.
AZ confirming how rapidly the framework can be adapted to additional markets (2 weeks)
Due diligence no longer up to 3 months. 1 month now.
SYME now also in discussions about liscence agreements. Which would lead to rapid adaption and scalability.
I can't believe people are so meh about all of this. He's discussing things that we thought might take a year plus to begin or improve to that degree.
@Micky1
SYME integration with Maersk longer term?
@London the market is dragging it's heals.
€1.9bn gross origination already.
US to come
Rest of EU to come.
Countries that operate on English common law or similar to (almost all of the commonwealth) $10trn GDP excluding UK) fast growing part of the world only take 2 weeks to adapt to from UK framework.
EPIC SIM 56 client companies not included in figures. Their 2020 target is 75. 2021 target is 250.
Liscence agreement for SYME to be part of warehouse Infrastructure in UAE discussed.
Insurance another revenue stream, to come.
There is enough information for this to be a unicorn already.
is that the blockchain technology could give a greater insight into the risk being insured, which could be advantageous to ensure appropriate coverage and remove risk of underinsurance, so insurers would have an interest in the data SYME may hold about a particular client's inventory and/or goods in transit.
SYME could set themselves up as a broker to then insure the risk with a third party and charge a commission for doing so, but it is a very competitive market dominated by a select few huge players, and seems to be an entirely different arm of the business.
I agree with all of that. AZ has talked about insurance multiple times. This must be it. Insurance not only onsite but also in transit.
Insurance?
"US
The Company and The Trade Advisory are progressing with the development of a first pilot Inventory Monetisation within the retail sector and are also evaluating an opportunity to deliver an innovative inventory "in transit" monetisation model."
Another revenue stream. What could this be? We need to get some ideas flowing.
I remember months back when people were critical of me saying the average contract will be above £10m. Then explaining how overtime this will move up to £20m+ and the impact large unique contracts would also have on the average (5-10% boost).
£10m figure was for trials. Once trials are over, average was always going to increase. I was informing people of the £15m range.
There will still be smaller contracts. However, I think people should view these €26m average contracts in the same way we (some of us) were viewing the £10m trial 30 client £300m securisition contracts. This €26m is the initial average. Don't be surprised to this this increase to £30-£35m in the medium term.
Amazon has more than 2.5 million sellers currently actively selling on the marketplace (Marketplacepulse, 2019). There are roughly 25,000 sellers on Amazon with more than $1 million in sales, and 200,000 sellers with more than $100,000 in sales.
It's going to happen at some point!!!
Key there, look at number of sellers over $1m and $100,000
Hallowed utterly clueless. If you paid any attention you'd know that this platform has the potential to be geared more to the tech side than than financial of the fintech.
AZ is already talking about their platform/tech/software being integrated into businesses, independent of client contracts.
The man is fantastic. If there is an opportunity for the company to pivot to provide an additional revenue stream, they do it. P/E ratios for tech companies are even higher than FinTech.
I've been telling people this is the next AfterPay in terms of market cap size. Threw the name PayPal out their the other day. If AZ keeps this up, then this is a PayPal size company in the making. £100bn+ market cap 2030.
In his latest interview, the interviewer brought up names such as Amazon. I told people in the past, and it seems very likely given SYME are on the verge of agreeing a liscence agreement with the UAE, that SYME will be integrated with the likes of Amazon, Shopify etc.
That integration/ liscence alone will be huge. But overtime a new revenue stream will occur for very small and independent businesses, through fulfillment.
As an example, you could be selling fitness equipment on Amazon, Amazon are responsible for fulfilment. So you never see the stock, it's in their warehouses, Amazon themselves or repreeents the opportunity to monetize some or all of that inventory.