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Nice chart by Mason on twitter https://twitter.com/OfficialMasonA/status/1337095098585276419?s=19
I think this is quite a shrewd investment tbh, reason being "The products is also white labelled to 30 other corporations."
If they plan to go down the route of allowing other companies to white label their infrastructure like Ebury did, well I'll just leave this here...
https://www.santander.com/en/press-room/press-releases/santander-invests-gbp-3350-million-in-ebury-a-best-in-class-trade-and-fx-facilitator-for-smes-to-strengthen-its-global-trade-services-offer
Nice little investment in lucrative space, those of you that have seen the great hack on netflix will be familiar with Julian Wheatland's expertise.
We know more RNSs are on the way as JN still has money in the pot to use...
Bugerboy31 check out the RNS today...
Value (Euro) - Gross origination[2]
30.11.20 - 1,9bn
We know SYME makes 1% net profit (unless via captive bank route which is 1.5%)
So in pipeline as of today you could say is €19m of net profit (obviously we are waiting for the securitisation to be completed and confirmed by RNS. IMO this is when most side liners will jump on)
Take that figure alone to be conservative (discounting the revenue from fees and other funding sources) and divide it by the amount of shares 32,755,000,000 = 0.0005225 (we'll use exchange rate of 1.11)
now to add P/E:
(currently) x7.1 = 0.003710 - share price (mcap £122m) £0.00037
x10 = 0.0052 - share price (mcap £170m) £0.0052
x20 = 0.01045 - share price (mcap £342m) £0.0104
20 in fintech is a very conservative number.
In one of the first interviews AZ said his dream is to create a unicorn, there's a way to go yet, so IMO just enjoy the ride and please DYOR
Don't usually do cross posting but wonder how many people have jumped between SYME & VELA this morning & ended up with less shares in each than they started the day with. IMO both multi baggers over the next 6-12 months. Researched both, holding both and patient with both. GLA
Don't usually do cross posting but wonder how many people have jumped between SYME & VELA this morning & ended up with less shares in each than they started the day with. IMO both multi baggers over the next 6-12 months. Researched both, holding both and patient with both. GLA