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Totally agree! Doesn't matter what they say, or do. This company is going places. The only people I feel for are the weak investors, those who don't know much about syme, nor do they wish to. It's a complex startup global company with many arms and relationships. All of which come together at the hub of the wheel.
As per rns "the Company confirms that it will now publish its 2020 Accounts following completion of the funding facility with a group of new investors. This investment of fresh capital will support SYME's strategic developments, including the acquisition of TradeFlow. GLALTH
https://twitter.com/SimonWoodford3/status/1388010463645081602?s=19
"Digitising business and removing tens of millions of paper documents would boost small British businesses’ overseas trade by £25bn over the next four years, according to new research.
A report by the International Chamber of Commerce (ICC), seen by City A.M., argued that UK firms were trapped in the “bureaucracies of the 16th century” and must be brought up to date for the modern age"......
The due diligence process continues to progress well, as does the integration plan for the Supply@ME and TradeFlow inventory funding business models. The Company's and its advisors' review of the cross-border aspects of TradeFlow's business, its funding structures and inventory "in-transit" technology are underway.
The terms of the transaction and its financing are being structured so as to maximise existing shareholders' value.
SYME and TradeFlow are keen to complete the acquisition as soon as practicable. A further announcement will be made in due course.
We just need to hold.....
News88 Energy reports evidence of oil at Alaskan Merlin-1 well(Alliance News) - 88 Energy Ltd said on Monday it had found more evidence of oil at its Merlin-1 ...
Alliance News12 April, 2021 | 4:05PMEmail Form
(Alliance News) - 88 Energy Ltd said on Monday it had found more evidence of oil at its Merlin-1 well in Alaska.
Samples taken from the well showed fluorescence and cut which are both indicators of oil.
Last week the oil-exploration company provided encouraging results from the Merlin well but equipment failure prevented hydrocarbon samples from being taken.
The AIM-listed firm told investors that a schedule of expected results will be released in the coming days once analyses are confirmed.
88 Energy shares rose 16% to 1.60 pence in London on Monday afternoon, reversing some of last week's losses. The stock has more than tripled so far in 2021, from 0.46p on December 31, 2020.
"The sidewall core photos provide further evidence of the presence of oil over multiple horizons in the Merlin-1 well," Managing Director David Wall commented.
"Whilst these results are confirmatory of the cuttings data and were expected, it is reassuring to see"
Australian-headquartered 88 Energy specialises in onshore oil exploration primarily in Alaska.
By Will Paige; willpaige@alliancenews.com
Thought this was helpful to share, & a sign of thingsto come...
ICC and TradeFlow Capital Management join forces to enable commodity trade for SMEs
News • Paris, 30/03/2021
ICC and TradeFlow Capital Management will introduce a partnership to mobilize capital and improve trade finance access for small- and medium-sized enterprises (SMEs).
ICC Secretary General John W.H. Denton AO announced an ambitious partnership with TradeFlow Capital Management during the World Trade Organization’s 2021 Global Trade & Blockchain Forum, as part of ICC’s growing effort to enable SME access to short-term liquidity to survive the ongoing economic crisis and thrive in the post-pandemic future
Leveraging TradeFlow Capital Management’s innovative non-lending and non-credit based instruments and ICC’s global network of over 45 million chambers of commerce and businesses, the partnership will enable the creation of an ICC SME Fund to provide small businesses with the right level of financial support to execute import/export trades in bulk commodities.
ICC Secretary General John W.H. Denton AO said:
“Small businesses around the world continue to suffer from uncertain economic conditions caused by the Covid-19 pandemic. While governments and financial institutions have taken steps to support SMEs, more needs to be done to ensure their survival.
“ICC is delighted to launch this partnership with TradeFlow Capital to unlock liquidity for SMEs and keep the global economy moving forward. We are confident that our partnership with Tradeflow Capital and other initiatives under our ICC TradeNow campaign will create new, tangible opportunities for SMEs everywhere.”
ICC TradeFlow Capital will be one of a diverse range of solutions offered through ICC TradeNow, a global ICC campaign to accelerate the provision of trade finance to SMEs.
Tom James, CEO and CIO, TradeFlow Capital Management said: “Tradeflow is proud to partner with ICC on this ambitious and much needed fund for small businesses. By leveraging the combined strengths of ICC and Tradeflow, ICC Tradeflow Capital has the potential to enable many billions of dollars of SME commodity transactions each year.
“TradeFlow applauds ICC’s continued support for businesses worldwide – especially in the face of the consequences associated with the COVID-19 pandemic. Supported by ICC TradeNow, we are confident that this partnership will reduce risk, improve trade opportunities for SMEs, and alleviate poverty.”
ICC will host a series of workshops for chamber of commerce leaders in Asia and Europe to share insights on potential partners who could help finding the liquidity needed to bridge the trade finance gap.
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Accounts 29 January 2021
Mastercard has partnered with UAE-headquartered PSP Network International in order to introduce a digital platform with the goal of promoting the adoption of virtual payments across the MENA region.
With this new digital platform going live this month, Network International plans to help its customers with performing mobile-based payments for their consumers and merchants across several different channels.
Merchants will be able to use a technology interface through which they can accept multiple payment types, such as USSD and QR codes to standard POS and e-commerce transactions. Additionally, merchants will be able to access mobile money and Tap on Phone, enabling them to accept contactless card payments directly via their mobile phones or tablets.
According to a release, the solution will be rolled out across most MENA region countries in the coming months. Payment issuers and banking service providers will have the option to offer their consumers payment solutions like digital wallets, person-to-person payments and virtual cards as well.
In other MENA region news, Supply@ME, the Fintech platform that offers a special Inventory Monetization service to European manufacturing and trading firms, has confirmed that it’s now authorized to provide SYME’s Shariah-compliant Inventory Monetization Platform to businesses in the Middle East and other nearby countries.
In November 2020, Supply@ME had announced its intention to introduce a product specifically for the Islamic finance sector. The Fintech firm has now obtained approval from the Shariah Scholar Board. SYME is now authorized to market its Islamic investment product with its fund specialist (which has yet been officially announced).
The announcement from the Shariah Scholar Board stated:
“An official pronouncement has been released by Sheikh Dr.Mohamed Elgari and Sheikh Yusuf Talal DeLorenzo in their capacity as members of the Shariah scholar board (the ‘Sharia Scholar Board’) in relation to the inventory monetization service.”
The update further noted:
“The functional and the legal structure of the Inventory Monetization Investment (‘Inventory Monetization Structure’) has been presented to the Shariah Scholar Board. The Shariah Scholar Board, following a review in compliance with the AAOIFI Shariah standards, hereby approves the Inventory Monetization Structure as acceptable within the principles of Shariah.”
Supply@ME has started working cooperatively with its business partner iMASS to handle the onboarding process of an initial portfolio of MENA region client firms.
Supply@ME recently finalized a deal with Lenovo Financial Services (for the Middle East region) to provide SYME’s inventory monetization platform to Lenovo’s network of clients.
Alessandro Zamboni, CEO at Supply@ME Capital plc, stated:
“I’m thrilled to have the opportunity to deliver our unique inventory monetization investment product into the growing Islamic finance sector. Indeed, the Ban
Supply@ME Capital plc, the innovative fintech platform which provides a unique, market leading Inventory Monetisation© service to European manufacturing and trading companies, is pleased to announce that the authorisation process for SYME's Shariah compliant Inventory Monetisation Platform has been successfully completed.
Following the announcement of 3 November 2020, the Company, with the support of the Shariah Funding Specialist and iMASS, has received the following communication:
"an official pronouncement has been released by Sheikh Dr. Mohamed Elgari and Sheikh Yusuf Talal DeLorenzo in their capacity as members of the Shariah scholar board (the "Sharia Scholar Board") in relation to the inventory monetisation service.
"The functional and the legal structure of the Inventory Monetisaton Investment ("Inventory Monetisation Structure") has been presented to the Shariah Scholar Board.
"The Shariah Scholar Board, following a review in compliance with the AAOIFI Shariah standards, hereby approves the Inventory Monetisation Structure as acceptable within the principles of Shariah."
This approval adds yet another funding route to the Company's existing securitisation model and Captive Bank. SYME is now able to market this dedicated Shariah compliant investment product, supported by its Fund Specialist. Furthermore, as announced on 11 January 2021, the Company continues to work with its local partner iMASS to manage the onboarding of an initial portfolio of MENA region Client companies.
Commenting this innovative and regionally important Authorisation, Supply@ME Capital plc Chief Executive, Alessandro Zamboni said: "I'm thrilled to have the opportunity to deliver our unique inventory monetisation investment product into the growing Islamic finance sector. Indeed, the Bank of England has recently commented that certain key aspects of Islamic finance make it particularly well suited for funding the post-Covid recovery. This resonates strongly with Supply@ME's own mission to help and support business owners to create liquidity from their stock, thereby optimising inventory days, especially during this crucial phase of the economic cycle".
Notes
Supply@ME enables businesses to generate cashflow, without incurring debt, by monetising their existing stock. Before a business has found an end-customer for its inventory, the Supply@ME platform enables them to sell ("monetise") their stock and receive cash immediately to boost their working capital. The Supply@ME service enables strong companies to improve their working capital cycle. SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.
Reuters) - Rolls-Royce Holdings Plc (L:RR) will announce its plans to raise around 2 billion pounds ($2.58 billion) from investors on Thursday, in an effort to strengthen its balance sheet, the Financial Times reported. The British aero-engine group is planning to go ahead with the planned equity raise without the participation of sovereign wealth funds including Singapore's GIC, according to the report https://on.ft.com/3ij9O4c.
Thought this was interesting. Would make sense that RR monetise their inventory. Let's hope syme is invloved. Now I'mgoing to catch up on the BBBC posting since yesterday, probably find out this is old news. If not hope it helps someone. GLA, DYOR.