RE: Information for newbies11 Oct 2020 08:54
S.A.M. This needs discussing today, hopefully Weathergeek will pick up on this thread and expand. I can’t be annoyed with chalker/extrader today...their to boring now always looking back, why because they can’t deramp either the banking RNS nor the update RNS... sorry SAM that really wasn’t t for you lol
However. main reason I am posting is this
The SYME business model is structured such that, prior to each portfolio Inventory Monetisation, the Company generates revenues from the client onboarding processes. These revenues grow in line with the increasing size of the portfolio of Client companies. For the extended financial period to the year ending 30 September 2020, revenues are expected to be approximately £2.3m.
Year ending 30 September 2021
The first portfolio Inventory Monetisation is expected to have a value of approximately €300m and to complete by the end of October 2020 (the first month of the next financial year). This is expected to deliver approximately £20.5m of annual revenue into special purpose securitisation vehicles and to generate an average annual net servicing fee of £6.5m to Supply@ME. The Inventory Monetisation contracts have a three-year fixed duration plus a one-year option.
Over to you weather...
Cheers S.A.M keep up the good work