Member Info for extrader

Yes. But I'll leave this one for the fanboys (and girls).

From the SPC RNS :

JP Jenkins

Cancellation will not alter shareholders' holdings in the Company but until such time as the Company is readmitted to a market, there will be no formal market mechanism enabling shareholders to trade their shares and the liquidity and marketability of the Company's shares will be constrained.

In the intervening period and whilst the Company works to complete the Acquisition and Readmission, the Company is proposing to admit its ordinary shares on JP Jenkins, a matched bargain facility. Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted during normal business hours by contacting JP Jenkins trading desk via STX 76086. Shareholders or potential investors can place limits via their existing UK regulated stockbroker.

The lse SPC chat board provides useful info /periodic updates etc.

HTH

...bloody formatting !

Anyhoo, you can see 'cash equivalents ' in the range 0.075p to 0.09p....

It'll be interesting to see which way AZ decides to jump. Either way, not a good look.

Ho hum.

..."this will continue till end of July when the loaned shares return unless they are being returned early.."

That's what you'd expect. But then, AZ very generously introduced (disclosed 'after the event', 5 months later) an unusual twist, apart from the option you've noted of prepayment : the lenders can return security in the form of cash , rather than shares.......
But what's the 'cash equivalent', I hear you ask ? Well, it doesn't have to be the current market s/p, because in another 'first' , we were casually informed - in the initial RNS - of said 'cash equivalent 'value at the outset :

b) Nature of the Transaction Pledge of shares for loan security AT MARKET PRICE
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s) of shares pledged
0.075 pence 1,615,253,000
0,09 pence 0.07617
pence 778,571,429
3,500,000,000

.."analscott do you not know tomorrow is the 1st day of new tax year, knob..."

Which is PRECISELY why the 84 million trade today is likely a sell : to harvest a tax loss for the CURRENT year....*

Think about it....

* this is called tax planning and is used by people who have large capital gains elsewhere that they wish to offset by recognising losses.

HTH

We're unlikely, IMO, to see a repeat of the bizarre combination of events that contributed to that 14x fold share price movement, viz.

- the pledged shares for loans and associated one month drawdown window, with lenders no doubt keen to -cough ! - 'hedge' their newly-acquired 'security';
- bullish trading update 27th July (that AZ evidently wasn't aware of when he pledged shares a few days earlier at the bottom of the market);
- M East MoU announced 10th Aug (ditto);
- AZ/OG acquiring ('direct transfer to custody account') of a 4.98% shareholding from from Ceresio SIM (18th Aug) (ditto);
- DW's 'long term purchase' of 220 million shares (21 Aug) that he unwound (with a sale of 295 million shares, needed to cover [foreseen/foreseeable] 'listing costs')5 weeks later, on 25th Sept (ditto).
-AZ/OG acquisition of 660m shares ('direct transfer to custody account') 28 Aug (ditto).

History may rhyme, but I doubt it'll repeat itself.

S.A.M
Look at DP's endorsement wording :

Sinan Ozcan, Senior Executive Officer, DP World Financials Services Limited, said: "I am pleased to CONFIRM [I was asked to say this]that TradeFlow, and BY EXTENSION [ditto] the Supply@Me Group, has partnered [passive]with CARGOES Finance By DP World and joined us in our mission to bridge the trade finance gap. Our two organisations share an entrepreneurial spirit and the common goal of supporting SMEs achieve their own ambitions through innovative finance solutions [neutral/non-committal]. I look forward to a fruitful relationship with Supply@ME Group, and exploring the different ways[ let's see what happens] we can extend access to its Funds for the benefit of our clients."

IMO

.."ex has no positivity and wants to see businesses fail..."

I was a very successful business development manager, precisely because - having spent a lot of time anticipating credit risks - I was mostly able to overcome Credit Managers' natural ( saying 'No' tends to be consequence-free) reservations.
Plus, to be fair, I was in the right place at the right time.

'No rain, no rainbows'.

Hi Gotham aka gasman10,

That's why the RNS refers to contributing to IA revenue stream !

But WL still requires the funders ' 'buy in' to the introduction of an intermediary/aggregator (SYME or TF), with attendant credit and operational risks and revenue erosion.

.."This partnership will make the TradeFlow in-transit & warehoused goods monetisation non-credit facility AVAILABLE via CARGOES Finance By DP World, a trade finance platform launched by DP World in July 2021. CARGOES Finance By DP World is a fintech platform which enables ACCESS TO WORKING CAPITAL for small and medium-sized enterprises (SMEs) by connecting them with premier financial institutions worldwide..."

This tie-in , like ICC and Lenovo, is just ANOTHER platform to showcase the TradeFlow offering...it does nothing to address the Syme Group Achilles heel of a lack of FUNDING lines, if anything increases the risk of interested and then alienated - because frustrated - potential customers.

IMO

"Ignore the argument and [play the] man."

There ! Fixed that for you and your cronies.
Shame on you all.

Anyone interested in the detail (TF is explicitly NOT named, but it must be them) can find it here :

https://www.bondexchange.com.au/wp-content/uploads/2022/02/BondAdvisor-Report-FHIM-Trade-Finance-Bond.pdf

(1) FHIM is a boutique (2-person) investment advisory service in Australia;
(2) The $ 40m bond size proposed is consistent with what we've seen reported (counterparties, transaction size, sectoral distribution)...and reflects the modest scale of TF's operations; there's also a leverage covenant, restricting bond size to AUM (to ensure adequate loss cushion and credit seniority of bondholders)
(3) TFC isn't - unusually - identified as the counterpart, because of yet another NDA (hello, apunter2 : excuse 'du jour')
(4) It acknowledges the fiendish complexity of the proposed structure;
(5) More positively, it points to a nearly perfect transaction successful outcome record over the TF Fund's relatively short life.

TW (source of this tidbit) has written more ( seems to think it may not have gone ahead ?) but I don't read, so don't know what his angle is.

Some light Sunday reading for anyone nothing better to do.
Me, I've been for a long run, had a great breakfast and now looking forward to a walk with the family, likely involving a pub stop.

..""In TW we trust" is what one of these poster's other aliases wrote on ADVFN..."

Who would I trust less : AZ or TW ?
Hmmm.....It would be a close call, IMO.

See, some of us can be even-handed.

JC is .."a Non-Executive Director and Audit Chair of HSBC UK Bank Plc.."
ie as NED an outsider, so no issues there.
The second role might, conceivably, be more problematic.
IMO

.."Standard chartered there saying IM is viable..."

In article written in July 2013. They don't seem to have done much to develop this commercially super-attractive concept in the subsequent 8+ years.

Ho hum.

.."I've done enough independent research on this company, the directors and their prior life (including their hobbies which is a most important point!).."

It's the weekend - say more about their hobbies, which I agree can be fascinating/apalling/intriguing.
One senior clearing Bank director I knew carved wooden ducks in his spare time. And another did (ie compiled) crossword puzzles. At a less ahem ! cerebral level, one company owner I dealt with said that he spent his Sunday mornings on long, stationary bike rides, the bike fixed with a screen so he could watch p*rn.

Takes all sorts....

.."Ell there has been some stealthy transfers going through, securities-wise..."

For once, we're in agreement.
From Day 1, in my view.

SABB is SaudiBritish Bank, the Saudi Arabian arm/subsidiary of HSBC.
HSBC is the UK's biggest bank...and the 8th largest bank in the world.
It is regularly ranked amongst the leading trade finance banks in the world (Euromoney trade finance survey).

I'm sure it wouldn't be beyond HSBC Group's capabilities to come up with an IM 'non-credit' structure of its own...or , at most, acquire SYME's 'secret sauce' if it wanted to.

You'll be telling us next that Bezos wants SYME to handle Amazon's fulfillment centre inventories.....oh ! I think you may have floated that one already.

.."Let's look at that Islamic link which really resembles us..."
From your earlier post :
.."SABB [a bank] is providing finance to Saudi Arabian dairy company.."

SYME isn't a bank.

Under a murabah structure, the seller/financier must take ACTUAL POSSESSION of the goods before selling them back to the customer...

Not close...and no cigar.
IMO

.."I was going to give your last post a 'tick up' until I read your last sentence..."

I'm not a 'rec tart', but say more ?

For a supposedly capitalist economy, the Americans have a bizarre way of going about things : legislation/litigation : instead of encouraging fuel economy by raising prices at the pump (and using associated tax revenues to fund other socially desirable goals), they mandate 'average fuel consumption' over all the vehicle range a manufacturer produces.
Result : a system that is complex, cumbersome and wide open to abuse and manipulation, frequently failing its stated bottom-line objectives.
Employs a lot of lawyers and lobbyists, though...

;-<