Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Ex, p*ss off mate. So funny, your days are numbered here buddy.
Well said AP.
Full subscription is a great indicator of future demand and legitimacy. Looking forward to seeing more.
*try find
Bit of homework for the trolls.
Matey find another fund with 6% annualised return, with 0.75% volatility.
Don’t think we need to worry about funding capacity increasing. This will be extremely attractive and big money should want it.
Yes absolutely delighted AP.
It is a beautiful development for the company, which now unlocks the scalability and concept, having been vindicated by Apex.
The sub funds allow for flexibility across our group in terms of funding capacity for both warehouse (IM) and in Transit (TFC). We're flying mate. The scalability will ramp up, particularly if things have been easily subscribed.
Could not be happier with that, we are at a real inflection point now. Great foundations for a long term investment.
It's huge in so many ways - forget the GBP value of the initial funding capacity - this helping to unlock the entire concept, and shows the group's proposition is acceptable to large and mature financial organisations.
This could unclock and legitimise everything. The rest, the numbers and scale can follow.
I’ve seen on their main website they do Islamic fixed interest funds too, which is right up our street.
I don’t think the existing, mature strategies have anything to do with us but they certainly have a successful presence on both the Italian, European and shariah front. Impressive looking outfit.
Thanks for this AP - always thought we’d find the asset class sitting inside an alternative credit strategies fund of some description. They have the capacity and existing proposition to incorporate inventory notes into investment funds, both under the standard offering and Shariah. That’s why I think they’re too perfect to us to just be a referral arrangement via EPIC (now Azimut Direct).
One day we’ll find out how much, or little, they are involved. That Crapelli bloke is involved both with Quadrivio and Azimut Direct, in quite a significant way. We’ll see if it turns out to be anything, all speculation at this stage.
So true Peakhope.
It takes a while to fully understand the asset class, the technology and the ecosystem being developed. You only really get the motivation to look into something in that level of detail if you are, or intend to be, invested. That’s why the trolling and attacks on this company are always at a very basic and repetitive level. It’s a very complex business model and the caliber of people who naysay companies on internet chat rooms just don’t have the intellectual capacity to have a legitimate and detailed debate. This isn’t a given mind, but in terms of getting into a revolutionary development at seed level, I can’t think of anything more exciting.
I also think the ‘smoke and mirrors’ and NDA frenzy is more the company insisting on it rather than anything more untoward, In order to protect its advantage in this new market place. It’s just as, if not more, plausible than those saying it doesn’t really exist (which the TFC acquisition put to bed pretty swiftly).
Time will be our friend, in my opinion.
Castle you just threw out a list of generic macroeconomic issues that ironically, the digitalisation of financial technology can actually help to solve.
See you in science after lunch.
Castle, you need to graduate from high school and debate the validity of the proposition. Stop playing the man.
What are your views on how the asset class can be structured into a scalable solution?
What interest me is how mainstream asset managers in the future may look to alternative assets simply as portfolio diversifiers. If the inventory coupon pays an inflation/beating competitive rate, relative to corporate bonds for example, then it could be seen as an attractive part of a lower risk strategy. After all, bonds are backed by a pledge to pay back the debt, whereas inventory notes are supported by the legal ownership of the underlying asset.
It’s a very attractive proposition on the investor side. I’m aware we still need to get it over the line first but once proven, i think id rather know I own the underlying inventory and get my low risk 4-6% vs the default risk that I could suffer if the company i loan money to were to default.
Thanks Gotham.
We are certainly in the era of new asset classes and alternative assets. They are becoming more mainstream and gaining the attention of the more traditional institutions. We are part of this asset class revolution. We’re not the only people securitising non-standard assets which is reassuring in itself. Payroll, litigation, inventory, to name but a few. Also non-credit in general is on the up, which we’ve seen in the commodity space via TFC.
Thanks for this, I’ll take a look.
Yes AP, Azimut are a very good player in that space and seem to have a very complimentary global
Offering with Islamic finance funds, synthetic bank operations to name but a few.
Whilst we know there is a partnership and access to Azimut via EPIC merger, nothing concrete has come out about Azimut but I’d be surprised if they weren’t involved in a more significant way, rather than just a referral agreement via EPIC platform. All speculation at this stage of course and nothing official has come out.
Have a look at the captive bank and fintech bank initiatives currently going through formalities. They are being used to provide funding for SYME and therefore there is potential that these arrangements could be used to assist TFC with their growing pains.
Also very interested in seeing some forward looking statements as mentioned in the AGM. It’s the first time we will get a sophisticated projection as to where we are going.
We know Tradeflow demand outstrips supply, with funding capacity holding them back (perhaps we can assist with further capacity through the pending bank deal or funding partnerships). I’m also hoping for some further detail on the ICC partnership that was announced as I feel this is a huge door that has been opened, and has been left ajar for SYME as a result.
Morning AP, hope you’re good mate.
Yes completely agree, the business is looking great, already have a non-credit proposition in the market place via Tradeflow, just need the main offering away and we’re laughing.
Collis and James must have placed more value in our ‘idea’ than their fully operational and revenue generating business, to allow for the share and performance based acquisition. This makes me think we’re very close indeed, otherwise they wouldn’t have done it. I’ve been quietly building my position further.
I would like to think we may get ‘one or two’ of those 45 million businesses that TFC have access to, also. Maybe just the odd one!
I also think Amy was a fantastic addition. Her answers in the AGM were direct and straight to the point. I like that a lot and SYME needs a straight shooter, particularly as a CFO. I feel her input into the TFC financials will add real credibility and maturity into communications.
With DW leaving, and some great names joining the board (and high caliber senior level positions being filled), the composition of the employment base is starting to look more appropriate for a maturing, growing PLC.
Exciting times ahead. What a BOD we now have, and what a great end to end service we now offer.
The trading update is due soon with some hard data on Tradeflow, which the market has been crying out for, and I for one fee this could be the turning point/catalyst.
Hope everyone has managed to hold on during the turbulence of the last 6 months, it has been testing but this is all a part of the journey with a risk/reward profile being offered here.
Things have only gotten better here if you scratch the surface and ignore the strange accounts on here.