Syme strong buy7 Nov 2020 10:40
Really not sure what the fuss is about. The fundamentals haven't changed in fact with the last rns they have just got stronger. Da was positive has now sold and gone negative because he doesn't like the free float changing hands. The loan providers are free to trade a range and keep this price in a trading range. We also have pi's trading the range. Because da sees the nominee accounts growing he assumes its just ordinary pi's buying. So my question to da is what accounts will these buy through? The Investor intends to form an ongoing partnership with Supply@ME. Its objective is to support the growth of the inventory monetisation business to achieve a significant critical mass of inventory assets held, combined with a funding track-record, such that it can explore other sources of finance at lower cost for future SYME securitisation note issues.
The Investor is also evaluating the acquisition of a minority equity participation in SYME.