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I also note that Azimut have Islamic investment funds already active and packaged, which is interesting. They’ve also got insurance capabilities which could help with the insurance product that the ‘funder’ is hoping to working on (as per last RNS).
Nothing concrete of course, but an interesting/opportune company to be close to at the very least, considering SYME’s recent developments.
Again Tex, you don’t know that for certain. If TR1 thresholds aren’t breached, you don’t get one.
Neither you, I or anyone for that matter can say for certain what is going Il on and it’s dangerous to say it either way with any sense of conviction.
Yep I’ve done the digging on that one AP and I can apply fairly reasonable logic to the wider network now. Happy with my musings to say the least and time will reveal all.
Have a good day all
Luckybob, that’s not necessarily true. Banks have asset management capabilities too. There isn’t enough info out there to say whether some of them are custodian accounts or direct investment.
The ‘multiple portfolios’ gives you some indication that it is custodian money but some of the banks that have been mentioned below don’t have that stipulation on the share register. Basically, nobody knows either way with some of them.
AP, that’s hilarious. I checked it out. Doesn’t get much more direct than that in terms of activity. Interesting employment history...
And to you AP. All good here, and hope you are too.
I’ll take a look. I’m personally a bit more bullish about the whole Azimut structure vs it simply being an opportunity but I’ll keep that speculation to myself as it isn’t founded on anything tangible enough. Time will reveal all.
Morning all,
For the purpose of clarity, there is nothing confirmed and purely speculative.
Amongst the noise yesterday somebody mentioned the Roberto Crapelli connection, which I think is an interesting one. This chap is the Managing Partner at Quadrivio, who we all know is SYME's strategic partner that is assisting with the captive bank project via Industry 4.0 fund.
Following the recent tweet and press release regarding EPIC and Azimut partnership, it's really interesting to note that the same Quadrivio chap is involved with EPIC, which provides a possible explanation as to how the EPIC partnership came about originally.
https://bebeez.it/2021/02/10/azimut-compra-il-ramo-dazienda-fintech-di-epic-e-avvia-azimut-direct/
'Founded and led by CEO Andrea Crovetto (former top banker of Citibank, Intesa Sanpaolo and UniCredit and former general manager of Banca Finnat), Epic is the real economy marketplace, specializing in minibonds, direct lending, private equity and club deals . Since the beginning of operations, it has raised a total of over 220 million euros for 82 SMEs. In addition to Crovetto, Epic's partners are, among others: Guido Ferrarini (jurist, former president of EuroTlx) and his son Sergio (formerly Bain Capital, currently director of Inflexion Private Equity), Andrea Moneta (senior executive Accenture and former banker of Unicredit), Valerio De Molli (who leads the Ambrosetti group), Roberto Crapelli(managing partner of the Quadrivio Group's Italy 4.0 fund, former president and CEO of Roland Berger Italia), Antonio Chicca (formerly Nomura and currently a member of the executive board of Epic), Massimo Bianchi (Chief Business Officer of Simest) and Digital Magics '
Now, if the Quadrivio partnership introduced EPIC's proposition to SYME, then it isn't unreasonable to think of the possibility that Quadrivio and EPIC could now introduce Azimut's global network to SYME, now that EPIC and Azimut have formed a new venture. SYME will by default, be in Azimut's ecosystem through its introducer agreement with EPIC.
Could be more, could be less, could be absolutely nothing, but an interesting point to share although the only thing to go from is that tweet.
https://www.azimut-group.com/documents/20195/1674564/Azimut+and+Epic+launch+Azimut+Direct%2C+creating+a+new+fintech+venture+dedicated+to+the+real.pdf/f0805668-7979-4b32-b7fb-3a5d8cda89c2
'This is also thanks to the Alternative Credit product range that has seen the addition of two new innovative funds over
the past few weeks'
Alternative credit is what SYME's coupons are to fixed interest investors, and the network could offer more synergy.
Just a thought and not fact whatsoever, before anyone comes for me!
An 'old dog trying to learn new tricks' and 'interested in supply chain innovations' etc etc
Should be researching just that, you've gone off track and all you're doing is researching corporate entities, rather than the new tricks themselves.
That's a great article. Thanks Ex!
Agreed Rocky.
A big old business that is not part of the Italian friendship group. This really is very good.
Forget the SP, this right now is a very important step.
Well done all. That is a fantastic addition to SYME’s network.
Lenovo are a pretty big outfit that really help substantiate SYME. Should be a great day.
Read the prospectus - dividend policy unlikely in the near term.
I swear Exo was entertaining the accounts just a few weeks ago that we’re telling ‘your mum’ jokes.
Forgive me if I’m wrong, but to think this isn’t the same thing but from a different angle, is preposterous.
Exo has a whopping holding, let’s move on.
Why do you care 008, you sold out?
Good luck today all.
Positivity amongst shareholders is high, which can’t be a bad thing for our holdings. Sentiment drives a market!
You’ve done that one before Ex.
Thanks for confirming Chalker, I certainly value your assessment (a loser on a chat room), over 2 of the largest accounting companies on planet earth.
Your one line of attack, your reason for existence on here, is over.
If you’re pumped for Tuesday.
I won’t wear my lucky boxers this time, let’s face it they haven’t delivered.
Looks like they’ve had a few trading sessions?
https://www.google.co.uk/search?client=safari&source=hp&ei=uoTnX9GDGeOsgwen8JnYBw&q=xfra%3Aie6b&oq=&gs_lcp=ChFtb2JpbGUtZ3dzLXdpei1ocBABGAIyAggpMgIIKTICCCkyBwgpELEDEEMyAggpMgIIKTIECCkQCjICCCkyAggpMggIKRCxAxCDATIHCCkQChCgATICCCkyAggpMg4IKRCxAxCDARDJAxCTAjICCClQAFgAYMIUaAFwAHgAgAEAiAEAkgEAmAEAsAEP&sclient=mobile-gws-wiz-hp
They became available to invest on those markets in November.
Interesting never spotted it.
https://www.eurexchange.com/xetra-en/newsroom/xetra-newsboard/XFRA-INSTRUMENT_EVENT-EQUBF_01-2314686