(The "Company", "SYME" or "Supply@Me")
Supply@Me signs business alliance with leading SME Italian fintech marketplace
Supply@ME Capital plc, the innovative fintech platform which provides inventory monetisation services to European manufacturing and trading companies, is pleased to announce that it has signed a formal business alliance with Epic SIM ("Epic") for inventory funding and client company origination.
Epic is an investment company (known as a SIM in Italy) which is regulated by Consob (the Italian Securities Commission) and the Bank of Italy and is authorised in France, UK, Germany, Spain, Finland, Sweden and Luxembourg.
Epic's Chairman and founder, Guidi Ferrarini, is a founder and former director of the European Corporate Governance Institute, Brussels. He was also a trustee of the International Accounting Standards Committee, London, and an independent director at a number of Italian blue-chip companies including Telecom Italia and Telecom Italia Mobile. He was previously an advisor to the Draghi Commission on Financial Markets Law Reform, to Consob and to the Corporate Governance Committee of the Italian Stock Exchange
Epic's Chief Executive, Andrea Crovetto, is Chair of ItaliaFintech, which brings together leading Fintech businesses operating in Italy, and has held Chief Executive roles at several leading European banks including Banca IMI Intesa Sanpaolo, and Tradinglab Banca a division of Unicredit Bank.
Epic is a leading fintech platform for working capital solutions, enabling small and medium-sized enterprise (SMEs) to present their development projects - including the inventory monetisation® service - to a selected audience of qualified investors.
The alliance between Supply@Me and Epic will create a new sales channel for the Company, including:
- client company origination, sourced as companies come to the Epic fintech platform, and,
- inventory funding.
In addition, Epic will perform part of the due diligence process in order to increase the scalability and efficiency (time to delivery) of SYME's onboarding process, contributing to the achievement of the Company's short and long-term commercial objectives.
The business alliance targets 75 Client companies originated by the end of 2020 and 250 during 2021.
Trading update
Trading continues to be strong, uplift to full year expectations
eve Sleep ("eve", the "Company), the direct to consumer sleep wellness brand operating in the UK, Ireland and France announces a trading update for the eight months ended 31 August 2020.
As previously set-out in the trading update of 22 July 2020 trading was strong in May and June and this momentum continued into early July. Since then trading patterns have remained above the Board's expectations through the rest of July and August. It is now clear that notwithstanding some important trading periods in the coming four months, the Company is on-course to exceed the Board's original expectations. The Board now expects revenues of at least £22m, with a commensurate reduction in EBITDA losses for the year ended 31 December 2020, and an improvement in the anticipated year end net cash position.
The Company will provide additional detail with the release of its interim results for the six months ended 30 June 2020, which are due to be published on 15 September 2020.
Cheryl Calverley, CEO of eve Sleep commented:
"This guidance upgrade is evidence of our momentum and the success of our rebuild strategy, against a backdrop of a consumer landscape shifting to online and market trends in favour of homewares and sleep wellness. Whilst economic uncertainty is likely to remain for some time, we are starting to look beyond our rebuild strategy to the next stage of growth."
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.
...we get one contract.
This should have been a £0.50p COVID share.
What has happened.
I have a few million shares and I intend in buying more when I have the monies available.
However, I'm in this for the long haul as I think that's how long it will take to make me rich.
If you are here thinking you will be a millionaire in a years time, not only this share but investing is not for you!
It does happen but it is very, very, rare.
This is a strong buy, and the company potential is huge but I think it'll be ten years before I sell and before I make serious amount of money.
- loan book decreasing
- complaints not reducing
- still not lending
Just trying to work out if I should invest here. Thanks!
Within 3 years, this share is going to make a lot of people millionaires. This share has NCYT vibes, a share which made millions for people.
I've made over 30k but I'm in it for the 7 figure number. I just hope I have the guts to refuse the half a mill which will happen sooner rather than later. For those who wait, for those who trust the management here, the rewards will be special, life-changing.
Listen to the constructive feedback on this share, do your own research and DON'T listen to the trolls.
These trolls will make you look back in a few years time and say 'if only I held on to these shares :('.
Strap in folks, it's not going to be a bumpy ride, its going to be like riding in a rocket to space! (and if you hold on, give Virgin Galatic a call, I'm sure they will give you a ride - you'll be able to pay for it!)
IT had days and days and days of rises, strong ones too! Yesterday was the first loss, one little day of profit taking - and I don't blame the day traders either.
The bloke in charge purchased SIX BILLION shares - that shows confidence, that shows money where his moth is!
This is has the potential to be LIFE CHANGING. The reason why we all got in so low was because Corona, the market did not understand the affect it would have.
People are starting to take notice, within three years this will be a multi billion pound company.
If you have to sell, do it, you've perhaps made a tidy profit. But if you can hold, you will be in for a life changing amount of money in the future.
STRONG BUY.
And please, please, please, DO YOUR OWN RESEARCH!
Nighthawk... proves how much you know about share trading... you claimed this was on the AIM! Lol
Opportunity!
This is a little how I feel.
This could be a very special share, even if people buy NOW they could get a life changing amount of money within a few years.
Poor RNS, no oil for years, defo get in this share but AFTER the obvious placing.
Strong sell but strong buy when the placing happens.
Not too late at all, this is going one way fast... UP!
Maybe :) I thought you meant today
It’s not going to £1 today.
More delays dressed up as a positive, Oil won’t be flowing for years, placing coming to cover up the costs of delays.
Heart can’t take it!!!
It's not too late! Get more board before it hits 1p!
I think I'd want a few days of no rise/drop to calm my heart rhythm!
Just waiting for the massive drop, hopefully not of course! Brought some more this morning.
Done.
I would expect a 50% drop with profit taking and finish on around 0.045 by Friday.
I’ll be happy with that.