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Ascentium Capital:
'Ascentium Capital LLC today announced quarter-over-quarter growth of 21.2 percent. The Company has provided over $7.1 billion in financing since 2011, reaching a new funding milestone.
“Ascentium Capital’s quarterly results reflect our goal to stay committed to our clients and provide a consultative approach to business financing. This differentiates us in the market especially during the COVID-19 pandemic. Our business clients appreciate our value-driven methods and this enables us to capture repeat business as well as drive organic growth,” comments Tom Depping, Executive Vice President, Ascentium Group Manager.
Since 2011, Ascentium Capital has provided financing to over 125,000 organizations across the United States and currently manages over $2.5 billion in assets. The Company specializes in financing for a broad array of industries including commercial vehicles, energy, franchise, healthcare, and technology.'
Kevin Spillane, a Sales VP, is about to get acquainted with SYME via Lenovo Financial Services META. If successful, it's not impossible to think he would recommend SYME to Ascentium Capital in the US, IMO.
Found him on Twitter: https://twitter.com/TechLeasingGuy
A handful of Tweets relating to Lenovo equipment. My general conclusion is that this isn't fabricated as has been implied today with suggestions of £40 templates etc.
Perhaps more interesting... He seems to have a sales role at Ascentium Capital which 'is an award-winning commercial lender providing equipment and technology financing solutions. Our unique finance platform, combined with exceptional customer service, paves the way for fast, flexible financing for virtually any business need. We provide financing and leasing for manufacturers, distributors, resellers, franchise organizations, as well as providing direct financing options for small, mid-sized and Fortune 500 companies'.
This is also on his LinkedIn. The role description on his Twitter was interesting: 'VP-Sales
@ascentiumteam
I develop relationships w/those that supply equipment & software for their brewery customers. I can help w/ Working Capital. '
Sounds familiar, IMO.
Stated on their website: ‘ Balance sheet derecognition under IFRS and local standards’
https://www.supplymecapital.com/what-we-do/
https://www.growthbusiness.co.uk/supplyme-brings-its-inventory-monetization-solution-to-uk-manufacturers-2557850/
Can’t comment on the credibility of the growth business website but a few interesting details in the article.
For example SYME only taking on clients with minimum £5m in inventory. Puts a floor on the client size and helps with profit calculation.
Apologies if already posted
https://www.google.com/amp/s/www.forbes.com/sites/greatspeculations/2020/09/09/helium-is-soaring-on-red-hot-demand-shrinking-supply/amp/
Current market cap of c.£190m implies SYME makes £6m profit in 2021 assuming a PE of 30.
Assuming average client size of £14m, this is approximately 43 clients.
The potential realised number of clients is way above this. So at this market cap the market wants to see the tangible securitisation product. Once the ‘proof’ emerges, price will catch up IMO.
Do hope so Peak
17p represents a market cap of c.£5.5bn, which is similar to Klarna/Monzo/Revolut. Not saying these businesses are similar but just gives an idea of scale for comparability to fintech companies.
Could also be the case that a PE of 30 is too conservative if/when this is proven. This is only 2x the market level - for a company with growth potential like this a PE of 50-100+ wouldn’t raise eyebrows IMO.
Hi all,
First post on here.
My (very simple) analysis suggests 1,000 clients equates to a share price of c. 17p assuming a PE of 30.
I’m sure people would be keen to take profits if/when the price rises. What are your thoughts on buying more as the story develops and confidence builds? We don’t get to 17p (or anywhere near) overnight so anything between current levels to say 2p could still be considered a good entry point.
Cheers.