Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
The underlying risk is, how do they sell the inventory, if it never existed in the first place, or it is obsolete, or fake, or not owned by the underlying company (i.e sale or return stock), how do they take possession of the inventory, and how do they sell it at true value, more likely to be a fire sale. I need to understand what Due Diligence would compete and who bares the risk of default. Supply chain finance isn't new and is a very risky business, no lender would do it without lot's of DD.
How do they deal with the risk of default by the underlying company, is that bourne by SYME of passed to the end investors in the debt (not shareholders).?
Given the inherent risks in supply chain financing, who does the due diligence on who they lend too, i.e. checking if the stock even exists? Or is that risk passed onto the Debt note holders?
It all about targeting the local markets with FB and insta - if you look in Bournemouth you'll see thousands of like for BigDish. So they have a great social media presence in the markets they operate, which can easily expand!
Remind me again what moat Just-eat has? How many restaurants like paying their sky-high commissions?
If you read the RNS it's a closed beta test, so you can't try it unless you're signed up to the test.
I see it as positive, they've progressed to Beta testing, we can expect an update on a full launch soon, the final mile partner! exciting times! IMO
DYOR