Member Info for jpsherwin

Cont.
Formerly a subsidiary company of the AvantGarde Group S.p.A., Supply@ME was acquired by Abal Group PLC through a reverse takeover deal earlier this year for £227.5mln.

Abal, which was formerly an AIM-listed cash shell, listed on the main market of the London Stock Exchange on March 23 following the acquisition and plans to change its name to Supply@ME Capital PLC, however, that has been delayed by Companies’ House due to the coronavirus pandemic.

On April 17, the company said it had been notified that “significant delays are currently being experienced in the processing of name change applications” and that the registrar “may not be able to process documents as quickly as has been done previously”.

At the time of the listing announcement, Abal said the acquisition presented “an attractive opportunity” and that an enlarged group will be able to “enhance Supply@ME’s competitive position and market share across multiple territories”.

The company raised £42.18mln through a share placing and a vendor placing with institutional and other investors ahead of the listing. The former, of around 331.6mln new shares at a price of 0.6756p each, raised £2.24mln, while the latter saw 5.9mln proposed consideration shares for the deal conditionally placed totalling £39.9mln.

The company said the £2.24mln from the share placing will be used to finance the development of Supply@ME and for working capital.

On April 20, Supply@ME revealed that it has signed an agreement with financial advisory firm StormHarbour Securities for the issue, distribution and placing of a series of asset-backed securities guaranteed against inventories purchased directly by the company’s special purpose vehicles.

The inventory monetisation firm said it was currently finalising the details of a securitisation programme which, within the next 12 months, is expected to cover the whole of its current portfolio of originated inventory contracts.

Supply@ME said it would make a further announcement on this following completion of its recent placing and initial issuance following the reverse takeover, including the amount raised and the sub-portfolio of inventories that the platform will commence monetising in favour of its clients.

All of the information within is either available on their website or through Proactive Investors website:

Supply@ME was acquired by Abal Group PLC through a reverse takeover deal earlier this year for £227.5mln and listed on the LSE's main market in March.
Fintech firm running platform that allows companies to sell stock (and - at the same time - keep it on consignment) to Supply@ME’s special purpose vehicles
Already has more than 900mln euros worth of contracts with cross-border companies
Listed on the main market of the London Stock Exchange in March following reverse takeover by Abal Groupupply@ME Capital PLC (LON:SYME) is a fintech firm which runs a platform that allows companies to monetise the stock to special purpose vehicles established by Supply@ME allowing, at the same time, companies to keep on consignment the latter stock which can then be sold off to end customers.

The group’s innovative finntech platform puts together funders, through a securitisation scheme. Behind the service, several exponential technologies are managed with the aim of making Supply@ME the best fintech inventory data monitoring system.
Supply@ME has already clinched more than 900mln euros worth of contracts with companies and signed agreements with cross-border financial partners.

Agreed, further down in the report they refer to Q2 & Q3 for confirmation, what they can't afford to do is allow this to spiral any further.

Cont.
In this context “pipeline” means contracts originated and under the on-boarding process by virtue of a term sheet signed.

“Ready to be served / for execution” means that the operational contract and integrating procedures are complete so that the stock company is ready to purchase the inventory.

The final point that we would highlight on the business development timeline is the partnership with SIA SpA.

Partnership with SIA

SIA is the European leader in the design, creation and management of technology infrastructures and services for financial institutions, central banks, corporates and the public sector, in the areas of card & merchant solutions, digital payment solutions and capital market & network solutions. SIA Group provides its services in more than 50 countries and also operates through its subsidiaries in Austria, Czech Republic, Croatia, Germany, Greece, Hungary, Romania, Serbia, Slovakia, and South Africa. The company also has branches in Belgium and the Netherlands and representation offices in the UK and Poland.

The partnership allows Supply@ME to leverage the SIAchain distributed ledger infrastructure. This is the blockchain element of the Supply@ME system that enables the legally binding inventory transfers. Partnering with SIA allowed Supply@ME to create an unrivalled system for secure and undeletable tracking of inventory on consignment and a trusted data environment for the benefit of securitisation notes funders.

Euro - 1.2Bn pipeline for inventory under management
Of which Euro 506m ready to be served/ for execution
Gives rise to almost Euro 11m of annual net servicing fee

Not to shabby in my opinion

https://www.proactiveinvestors.co.uk/companies/news/920493/supplyme-capital-plc---initiation-920493.html/long

Potential for over 200% upside for the share price

Based on the lowest P/E multiple in the above tables (14.4x), and our forecast of 0.042p of earnings for Supply@ME in FY Mar 2021, the shares would trade at 0.71p versus the current share price of 0.19p.

Trades 29
Vol. Sold 6,021,552
Vol. Bought 6,399,077

12% Down

Or have I misread that somewhere?

FYOZ you beat me to it.

03rd, I'll answer your question,:
I made a mistake, but I'm all grown up now and find I can make these decisions knowing the risk. Will it relist, who knows, will we get some if not all of our money back, again i don't know, only time will tell.

All the best

I only ask as 389,527,294 idiots voted for it!

Should read "I only ask as 389,527,294 votes were for it to be passed".

https://infinityenergy.eu/announcements/

Resolution 1,
0 votes against, so you abstained from voting? I only ask as 389,527,294 idiots voted for it!
Following the Company's announcement of 18th March 2019, Infinity is pleased to announce
that both of the proposed resolutions (the “Resolutions”) were duly passed at the Company's
General Meeting held at 13:00 (BST) yesterday (25th April 2019). The Resolutions and their
voting results were as follows:
1. Resolution that the proposed acquisition by the Company of 26 per cent. of the issued
share capital of Transgas Limited from the Company's Chief Executive Officer, Gerwyn
Williams on the terms and subject to the conditions described in the Circular to
Shareholders of the Company dated the date set out below [21st March 2019] (and
subject to any minor variations agreed by the Independent Directors of the Company)
("the Acquisition") be and is hereby approved.
2. Resolution that the proposed waiver of the requirement for Gerwyn Williams to make a
general offer to the Shareholders of the Company to acquire the balance of the equity
share capital of the Company pursuant to Rule 9 of the UK Takeover Code following
completion of the Acquisition be and is hereby approved.
Resolution Votes For* % Votes Against % Total Votes
Resolution 1 389,527,294 100 0 0 389,527,294
Resolution 2 381,795,963 98.02 7,731,331 1.98 389,527,294

16:12:40 1.2747 35,926,076 457.95k

It's definitely there!

The Group is pleased to confirm that following the passing of the Resolutions, the sale of the Australian Businesses is expected to complete on or before 5 September 2019 and the Group will update the market accordingly

For info.Bought some through Hargreaves Lansdown

GL all.

Now showing on LSE as HNG

How low will this go?

Hi Clazas,

Any more detail on this?