Member Info for extrader

Because I'm interested in FinTech (and in BioTech) and - unfortunately for you, perhaps - my interest in FinTech coincided withe the genesis of SYME / RTO.

I'm not invested, long or short.

Is that relevant ? Longs are interested in making the bull case, shorts interested in making the bear case.
Both are (inevitably) biased.

I'm just interested in the facts.
The most interesting fact atm is that you don't appear to understand what you've invested in.

If you truly believe your assumptions and workings, kindly explain why TF recent revenue numbers (as reported via RNS) are so derisory compared to what you're calculating them to be going forward.

"I would have thought that Tradeflow also charge the customer some fees as well? No doubt due to commercial sensitivities I can't find details of these charges but I'm sure they exist!"

Read the link to CEMP fund that I provided.

.."Ex - I'm still waiting to hear your answer..."

Point me to your question.

.."It's 1.5% of AUM, not 1.5% flat per annum..."

The link says it's 1.5% pa. Whether the funds are recycled 2x, 3x or 5x p.a.
If there isn't a suitable transaction to finance, that money is 'dead money' , lying idle and won't earn a return.

I'm not familiar with the concept of 'flat, per annum'

AUM = Assets under Management, which means the sums of money that investors have put into the Funds ie capital, which TF then uses to finance (ie buy and later sell) the commodities in a trade transaction that it arranges or 'manages'...which is why it's called a 'management fee'.

Capisce ?

"you know a lot about something not invested in. "

Better , surely, that not (evidently) understanding something you ARE invested in.

If I were in your position, I'd ask the company for clarification...and then post their reply.

https://tradeflow.capital/cemp-nr-capital-trade-flow-fund-sp/

This source document shows that TF charges its fund investors 1.5% p.a..
That is its INCOME. What the investors/funders receive is THEIR income ie Return on Capital (theirs) deployed.

TF is also entitled to a performance fee of 15% of Net New Appreciation, unfortunately we do not know where how this appreciation arises, my guess is the difference in price from the commodity it (TF) purchases and the price at which it subsequently onsells.
TF has never AFAIAA disclosed in SYME RNS what its performance fee income has actually been, so presumably it's been included in the general revenue numbers we've been given.

HTH

"It's something the detractors have shied away from and talk nonsense about.
Say fund $100m.
Revolves say 10x per year.
So $1bn..."

Doesn't matter how many times it revolves - TF's commission is 1.5% P.A., repeat P.A. , not flat.
So income is based on fund $100M, not transaction volume of , optimistically maybe now $ 400-500M p.a. (reality check : it claims to have done CUMULATIVELY $ 1 BN since inception in 2018).

Now re-work your numbers on those FACTS.

From https://www.quadriviogroup.com/sites/default/files/comunicato-stampa/file/2021-07/PRESS%20RELEASE%20TEXBOND%20-%2016%2007%202021.pdf

"Texbond closed the 2020 financial year on a turnover of €39 million and an EBITDA of €8.5 million...

..Texbond is the fourth acquisition by the fund and follows those involving: F&DE Group, a leader in outsourced catering to hotels; Rototech, an Italian company that designs and manufactures plastic parts for the trucking, farming machinery and construction sectors; and EPI, a ‘brick and click’ enterprise that manages the official physical and online stores for top Italian football clubs and other prominent international brands ".

Syme quoting Quadrivio involvement in an RNS isn't the same as Quadrivio acknowledging SYME.

Note from the Quadrivio press release (a) the size of business it invests in; (b) the type of businesses it has invested in...and ask yourself whether this looks remotely like a group interested in or capable of buying and managing a bank and sourcing EURO 8 BILLION in funding...

HTH

I'm not asking anyone to do homework for me.
MY homework aka research is as shown, with links.
I invite anyone who makes claims about Quadrivio's involvement with SYME to provide backup to support their claim.

Hardly a big 'ask'...unless it is.

HTH

This is the background to Industry 4.0 (posted a while back), for anyone new to SYME...

The fund's investments are in a catering company, a plastic parts for vehicles manufacturer and an online retailer of football shoes. One investment per year over the last 3 years.
Turnover in each case is of the order of Euro 50-100m p.a.

We're told that THIS fund will be the provider of capital and conduit of funding for 'captive bank' that will fund Euro 8 billion in transactions over the next 4 years.

The DG of Quadrivio (one of the impressive CV's you list) is quoted Nov 2020 as saying that Industry 4.0 hopes to achieve financial close on a Euro 300m fundraise that began in 2018, 'sometime in H2 2021'.

.."Industry 4.0 was launched with a €300m target in January 2018 and held a €100m first close in October 2018. Its final close is expected in the second half of 2021, the GP told Unquote. The fund invests in SMEs operating in the manufacturing industry, with high potential to grow further via digitalisation and automation, and able to generate annual revenues of €50-150m..."

https://www.unquote.com/southern-europe/research/3021649/q4-fundraising-pipeline-italy

On the face of it, this is another 'connection' that hasn't delivered on its apparent promise.

If anyone disagrees,I challenge you to point to a single comment from Quadrivio itself acknowledging that it is even aware of the existence of SYME, much less actively getting into bed with it.

I won't hold my breath.

I think you’ll find that TradeNow is a host platform, like DP Cargoes and that TradeFlow is a subscriber/participant, no more than that.

AFAICS

Thanks !

Aaargh !
Just when it started to get interesting....

What is ..."getbteated" , pls ?

;->
TIA

Agree your comments. However,

.."SYME have to find potential £24 million of contingent consideration payable in cash or SYME shares..." is to assume that the valuation shared with the public approximates the consideration that SYME ended up actually offering TF.
The actual linkage between the two has never been stated, AFAICS.

Happy to be corrected !

.." Russia wanted to hide russian population from the standard of living of the people in Ukraine..."

I don't have a dog in this particular fight but it's pretty widely recognised that one of the contributors to the collapse of East Germany was the view of the Western standard of living and way of life beamed into most households from West Berlin.
Much of it casual, just showing regular folks democratic rights and implicit assumptions about life prospects in soap operas and the like.

On the numbers, Russia is still much wealthier percapita GDP than Ukraine, so it's probably the 'democracy thing' that is his concern.
Plus, of course, the somewhat provocative 'Drang nach Osten' - 'push eastwards' - by NATO and latterly the EU.
AIUI

Just picking up the Zanaga concession would be an inexpensive 'statement of intent' that would give Guinea serious pause for thought.

Ho hum.

Time for the Chinese to show Guinea that they have other potential dance partners ?

The Placing document says they were willing to take up to £ 7m, but as it turned out they only placed £5m. So institutions somewhat 'underwhelmed'.
PI's buying now , of course, benefit the seller's cash position, not SRT's.....

16,365,000 new Ordinary Shares to institutional and other investors (the "Placing Shares") at 30 pence per Placing Share
10 % increase in shares in issue
Some well-informed person dropped 111K shares at 38 at 14:03, when the spread was 39-40...
The placing is at an s/p we haven't been near in 9 months.
OK, it's in the middle of a war, but one that we are better-placed than most to 'benefit' (ugh) from.

Shameful.

I defer to your 'greekness' and stand corrected.
I'd be feeling blue, but....you know how it goes !

;->