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Imass well connected
Jesus lol
https://www.dubaisouth.ae/en/media-center/corporate-fact-sheet
Right, from Monday’s RNS
According to the Global Industry Classification Standards (GICS) adopted by the Company, the key Portfolio core sectors relevant to the due diligence activities carried out during the period were Retailing, Capital Goods and Healthcare Providers & Services.
New to the list healthcare providers,
Imass subsidiaries..
https://www.imass.ae/subsidiaries
Note Iconsult
Some of the companies they represent
https://iconsult.ae/companies-we-represent
This Italian hospital
https://www.humanitas.net
CLN second option should they need future funding.
Hope they do it. So far, IMHO, TF takeover is great business.
From RNS
The ARC short-term loan facility will be linked to a Convertible Loan Note facility (CLN), should the Company require cash to facilitate further growth and need to trigger the facility.
“Should the company require cash” etc
Never let the truth get in the way of a half arsed deramp ..
Ah well then, that’s that done then lol
Loan repays second tranche of Negma shares,
3mill for % of fintech bank
Option for further £2mill from the loan in 60 days to take full 10%
“Simultaneously” shoving it right up the detractors here…
Savvy good stuff..
also from latest Preliminary accounts notice, referencing 6 month accounts to end June
As yesterday as no update.
“The Company expects to perform the same trend observed for 2020: the first half of the year was dedicated to manage the Client companies preliminary analysis. Accordingly, the outcome of the latter are expected to generate revenues in the second part of the year.”
Good luck
NS or it could be
The Company has entered into an agreement ("Term Sheet") with the Italian Banking Group and the Fintech Bank which envisages:
1. the signing of a commercial agreement to manage both the origination of new Client companies and a multi-annual inventory funding plan; and
2. the execution of a first inventory monetisation transaction involving a portfolio of Italian Client Companies.
Simultaneously to the successful completion of the arrangements above, Supply@ME will acquire up to 10% of the Fintech Bank, a level which is below the threshold requiring regulatory approval. An additional 10% of the Fintech Bank may be acquired at the option of the Company within the following two years which would require an authorisation process through the Central Bank. In April 2021, the Fintech Bank was valued, by a Big4[1] firm, at between €34m - €50.6m.
The Term Sheet incorporates a binding commitment between parties with reference to:
· the time-scale, which envisages the completion of the arrangements above in July, unless the parties agree to extend due to internal authorisation processes or technical reasons. The Term Sheet has a contractual longstop deadline of 30 September 2021;
· the arranging and financing of an initial inventory monetisation transaction of eligible Client companies to be agreed. It is expected that the Italian Banking Group will involve the Fintech Bank and third party investors to create a scalable funding structure for follow-on transactions;
· exclusivity of the strategic deal between the parties for transactions of this type.
SYME will update the market on the completion of the above arrangements at which point it intends to announce the name of the Italian Banking Group and Fintech Bank. These currently remain confidential due to the strategic nature of the transaction.
Alessandro Zamboni, SYME CEO, commented:
"I am delighted to announce this agreement as a cornerstone of our inventory funding strategy. We can now begin to structure the monetisation of the first group of Italian client companies. This is a key initiative for Supply@ME and we expect that it will serve as the basis for an ongoing and scalable inventory funding programme for Client companies, starting in Italy. We believe that this will also provide further confidence to investors who have been awaiting the news of our first monetisation.
Just listen from 1:17 in for a minute.
It’s up to end June, doesn’t include CB or fintech bank.
Therefore any revenue generated from the first of July onward can’t be taken into consideration in the forward looking statement as it’s based in hard numbers known before end June.
Not that it’s only revenue going to be generated from 1st July..
As it doesn’t include, CB, fintech bank, shariah funding or ICC
The market can disagree all it likes on the 31st august,
Do I sound like a trader, drop it to 0.24/0.26 for all I care, been there before, bought there before.
Will buy again, as I see the ii buying in Bloomberg. I see who’s adding.
Who’s new.. I know who fil nominees ltd are.
I am researched….
Brass…. Try it
Agreed Micky, as that’s without the captive bank, and fintech bank as that was announced after the end of June..
The platform is live.. the income announced is Hard figures and recurring income over three years
Reaction here is always over reaction, but wait till it sinks in…
Castle. Give you your due. Your making the most out of this.. and your still be wrong as it’s an accounts statement up to the end of June… the fully set of 6 monthly’s unaudited accounts will be in 2-3weeks as previously stated
This isn’t the news…
And castle … this message isn’t really for you so don’t flatter yourself your worth the time responding to
This
Given the following initiatives are currently in progress and have not yet been finalised, the Board of Directors have not included any potential positive impacts of these initiatives in the outlook statement set out above:
· Captive Bank funding;
· Deployment of the International Chamber of Commerce ("ICC") partnership; and
· Execution of Shariah compliant inventory monetisation transactions.
Means Fintech bank is done, IM in September…
If you can’t see it, then I can’t help lol
As usual, the RNS needs time to be digested,
Given the following initiatives are currently in progress and have not yet been finalised, the Board of Directors have not included any potential positive impacts of these initiatives in the outlook statement set out above:
· Captive Bank funding;
· Deployment of the International Chamber of Commerce ("ICC") partnership; and
· Execution of Shariah compliant inventory monetisation transactions.
Give HL a ring, they offer a share transfer service between brokers, the shares go into one of their accounts without the need for selling and repurchase. I don’t know if they deal with T212.
Perhaps, since it’s a free service, it is worth giving them a call.
agreed Bob, with this you hope for the best but prepare for the worst when it comes to timescales.
Fairly confident though… soon isn’t to far away
Previous dates of update announcements
AZ heavily quoting CFO in emails..
AGM quotes.
Not bothered though, as I never planned to sell at the end of August anyway..
But it’s coming.
Feel free to add, hope Parm doesn’t mind
TFC
iMass
Tony Brown
Our UK partners
Stormharbour ( also with LLP, Lisbon, Tokyo, Hong Kong, London, New York)
Quadrivio
Lenovo
Fintech Bank
Captive Bank
Our own CFO
Apex group/EAM
FCA
ICC
Eight Capital (€40mill of bonds, tells you what they think of the risk lol)
Italian banking group (binding term sheet)
Steve. Methology B is an amount of shares above share total which covers the principle sum due, in this case it’s 33% more.
These were added as a security, by the trustee. Which was amberwhite.
The original amount was 4bill and 620mill shares, plus this 33% security.
This loan is no more now, as it has been converted to a bonds issue..
DW gets the bonds in stead of this secured loan..
Extrader, as usual blah blah.
Instead of making a right mess of your posts why don’t you go read an eight capital partners RNS
Your posting above your pay grade now ex and it’s beginning to show
Enjoy your weekend all. I can’t be bothered with him