Lenders.30 Sep 2020 13:31
Just a quick message about the attraction of SYME's model to banks and institutions which not many people have mentioned on here.
I reckon lenders are going to be queuing up to pull in a 6-8% profit on what is essentially a rock-solid deal for them, given that SYME will have done all the checks and DD beforehand and that the deal is backed by the customer's inventory.
Interest rates are at an all-time low so this will surely represent a very profitable on-going arrangement.
Please feel free to pick holes in my argument - I'm always happy to learn.
Dave.