Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The tables below show growth in origination from December 2019 to June 2020 together with a breakdown of the sectors in which the client companies operate.
Value (Euro)
Dec 19
31.3.20
30.6.20
Gross origination
972m
1.22bn
1.43bn
Number of client companies
66
82
97
R1, scroll through the posts and you will see the CEO’s email address, he will respond as he has done on many occasions (again see below or scroll through Twitter).
The generic investor email address goes unresponsive as I found out.
ATB
According to various emails C&P on here and if you're to believe what Twitter is buzzing about it's worth the wait!
I'm hoping but not limiting it to:
TR1 on seller
TR1 on buyer
Update on SH
And what really intrigues me is when news comes for the following:
Multi-channel funding strategy - In its Prospectus published in March the Company outlined its strategy is to develop a number of funding opportunities such that over time it will gain a diversified group of funders across a range of investment programmes. To accelerate the delivery of the Inventory Monetisation service relating to the Originated Portfolio, in addition to the securitisation programme, the Company is progressing bridge financing lines secured on inventory with alternative lenders/funders. Discussions have been started with various other strategic funding partners.
Enough food for thought to get us blue come close of business today......
Basis of Preparation
The Interim Financial Statements are for the 12 months ended 31 March 2020 and are presented in
Sterling, which is the functional currency of the Group. They have been prepared in accordance with IAS
34 ‘Interim Financial Reporting’. They do not include all of the information required in annual financial
statements in accordance with IFRS and should be read in conjunction with the consolidated financial
statements for the year ended 31 March 2019.
The Interim Financial Statements have been prepared in accordance with the accounting policies adopted
in the Group’s most recent annual financial statements for the year ended 31 March 2019, with the
exception of the policies noted below.
In accordance with IFRS 10 Consolidated Financial Statements, the condensed consolidated financial
statements include the financial results of Supply@Me S.r.l. at the accounting reference date of 31
December 2019 (2019 – 31 December 2018) as it is impracticable to present financial data as at 31
March for the purposes of these interim financial statements. Supply@Me S.r.l. is shortening the year end
to 30 September 2020 so as to be co-terminous with Supply@Me Capital plc in the consolidated financial
statements for the period ended 30 September 2020.
Appreciate the response Adam and absolutely get it, what's frustrating is buys outweigh sell and yet the SP is 10% down, large buy into close should have gapped this up but hasn't, this tells me the seller isn't quite finished either.
Random and slightly offtrack is the MM's, up until yesterday only 2 of the 4 were active, today 3 when I see 4 then I know we are heading North or am I just dreaming again.
I've dropped them an email today, not that I expect a reply but I live in hope.
I'm in as far as I'm comfortable with at this moment in time, should the spread tighten and we see positive movement based on volume then I will invest further.
I'm doing this on what I've researched so far, what's worrying me and I'm sure others right now is the investor who is selling and why?
ING, I agree but why sell now, why not sell when they were at a premium?
Have we now turned a corner as irrespective of the large sells we are heading back in the right direction?
Large sells yesterday we finished blue, large sells today we finished blue, I tend to agree with Adam now that we've hit bottom.
Let's wait and see, communication from the company would be a welcome change.