The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Seems to be the longest single period without any news. Here's hoping past mistakes have registered and next news will be positive. So much news expected on SH, TF and CB with regional progress to update us on.
https://www.export.org.uk/news/564466/Traders-urged-to-prepare-for-end-of-wet-signatures-on-documents-as-international-adoption-looms.htm
Posted on Trade flow feed
It feels like November all over again here, a couple of weeks that LTH's have seen all before, the troll attacks mounting, slate the company, its doomed blah blah -why? Remember DA and crew spamming a load of pathetic nonsense.
They just want to buy and get in lower? Always blatantly the same, multi posting complete trash.
If posters Agenda is negative= unscrupulous individual = they want your shares and are happy to scare the weak into selling.
The company has no money, its burning through so much cash,its destined to fail,its sinking, sell,run, absolute tosh scare tactics = unscrupulous individuals.
If you have time watch the Tradeflow video, very informative discussion https://www.youtube.com/watch?v=sVxjKEpGzps
As others have mentioned.
SYME is a disruptor, this is a long term investment in a young company that has a very knowledgeable, experienced group of people involved and with its partners are building a solid base to grow from.
DYOR and trust in why you invested in SYME its Quadrivio and Captive Bank, StormHarbour Securities, TradeFlow, Epic SIM, SIA, iMass and Middle-East Programme, first portfolio of UK Client companies,US inventory monetisation pilot, all in the pipe, Ignore the noise from unscrupulous individuals.
LTH , gla
We were informed 'the Company expects to have delivered on Captive-Funding and Self-Funding' by the 31st march 2021.
Taken from RNS Fri, 29th Jan 2021 07:15 Number : 2895N
1. Inventory funding programme (see last paragraph)
The overall objective of the multiple funding channels is to support a continuous inventory monetisation programme with monthly transactions. In this regard, as well as completing the first Open-Funding securitisation transaction, the Company expects to have delivered on Captive-Funding and Self-Funding initiatives by the end of the first quarter of 2021.
I maybe assuming incorrectly, but still hazard to be so bold as to personally think he waited on this to complete up to very last moment trying to get it over the line for the trading update, reasoning why not, wouldn't you? Honestly though we just don't know until we are told from the horses mouth.
The company i do agree as others have commented, definitely need a better communication strategy.
The Captive Bank's objective is to be a cornerstone investor in SYME's wider Inventory funding programmes working alongside all of Supply@Me's (Inventory funding partners).Control of key operational roles will be given to The AvantGarde Group who will be responsible for selecting the Bank's CEO, whilst governance supervision will be overseen by the Financial Partner.
24th Dec 2020- Five professional investors (the "New Investors") have, acquired, in aggregate a 12.2% shareholding in the Company, further diversifying and strengthening the Company's investor base.
31st Dec 2020-SYME and StormHarbour have now successfully completed the legal documentation, process definition and operating structure for its repeatable and scalable securitised investment product.
Early in the New Year, the eligible Client Companies will receive a formal, confidential communication from SYME disclosing the identity of the Inventory Funder and the time-table to execute their individual inventory monetisation transactions. Shortly thereafter, the Company intends to disclose to the market the identity of the Inventory Funder, the key features of the Inventory Monetisation programme and the targeted positive revenue impact for SYME.
11th Jan 2021- UAE updates: Co-operation agreement with Lenovo Financial Services META LLC to compliment LFS's existing vendor programme offerings to their network of customers in the Middle East, Turkey and Africa region (excluding South Africa) ("META").
20th Jan 2021- Shariah compliant Inventory Monetisation Platform has been successfully completed the Company continues to work with its local partner iMASS to manage the onboarding of an initial portfolio of (MENA) region Client companies.
17th Mar 2021- TradeFlow Capital Management Pte Ltd aquisition.
01 April 2021 - Appointment of new Chief Financial Officer, effective June 2021
NDA Inventory Funder, On 30 October 2020, Supply@ME announced its decision to collaborate with a single Inventory Funder ("Investor") for the first securitisation issuance. As noted, this investor has expressed the preference to invest in a more diversified portfolio by country. In this regard, SYME's UK team is working with the Investor to complete legal requirements and agree terms reflecting a global portfolio (in particular in the UK and UAE which both operate under UK common law, a preferred jurisdiction of this Inventory Funder).
Storm Harbour,SH is continuing to roll out its securitisation placing programme as per the RNS of 20 April 2020.
Progress updates outstanding for- Epic SIM, UK Programme- pilot,Quadrivio Group and the captive bank, 2 Italian local Banks,The thirty Italian Client companies first Inventory Monetisation portfolio, Middle-East Programme-pilot and Lenovo Financial Services META LLC, United States pilot, StormHarbour Securities LLP to complete and the NDA Inventory Funder named and funding, and lastly TradeFlow Capital Management Pte Ltd aquisition. PHEW. And anything else i
We all have questions, the last 6 months have provided a mixed bag of info...and is in need of some updates and clarifications.
4th Sept 2020- signed a formal business alliance with Epic SIM ("Epic") for inventory funding and client company origination.The business alliance targets 75 Client companies originated by the end of 2020 and 250 during 2021.
Didn't see any mention of Epic on latest update**?
10 Sept 2020-
1) Securitised Note Issuance (through StormHarbour Securities)
2) UK Programme,Supply@ME is working with a large, UK financial institution to arrange a first UK inventory monetisation pilot (up to 10 UK client companies) by the end of 2020, whereby a positive outcome may lead to a first Self-Funding agreement in the UK.(27 July 2020)
3) Italian Sell-funding agreements.The Company has agreed the key terms of the partnership with 2 local Banks.
4) Middle-East Programme.
5) Institutional equity agreements.
The funding due diligence provided by a leading UK capital markets organisation has been positively completed. The Company is negotiating a funding term sheet in order to commence delivery of the inventory monetisation service in respect of the first portfolio of UK Client companies.***Progress Update?
21 Sept 2020- 8bn Funding Agreement with Bank acquisition,it will enable improvements to the self-funding agreements being negotiated with two Italian banks, to create more synergies and integrations with SYME's new partner Bank.
28 Sept 2020-The first portfolio Inventory Monetisation is expected to have a value of approximately €300m and to complete by the end of October 2020.The thirty Italian Client companies that form the first Inventory Monetisation portfolio will be notified that their target completion date is the end of October. ***Progress Update?
22 Oct 2020-Strategic agreement to launch in the United States commencing with an inventory monetisation pilot programme involving manufacturing and retailing client companies from The Trade Advisory's commercial network. Anthony Brown,Founder and CEO of The Trade Advisory. ****Progress Update?
30 Oct 2020- SYME confirms that it has agreed to partner on an exclusive basis with a global investment fund (the "Investor")whose intention is to subscribe for the whole of the first issuance and become an ongoing partner of the Company.
30 November 2020- Inventory Funding Programme,
Open Funding managed by StormHarbour Securities LLP and the NDA Inventory Funder.
Captive-Funding captive bank "banking as a service" model Quadrivio Group.
Self-Funding The Company continues to work with two Italian Financial Institutions on self-funding transactions.
22nd Dec 2020- The Quadrivio fund "Industry 4.0"[1] will invest in and capitalise the Captive Bank. ("Financial Partner") Update soon hopefully***
The Captive Bank's objective is to be a cornerstone investor in SYME's wider Inventory funding programmes working alongside all of Supply@Me's (Inventory funding partners).
Con
With all the hype, I think AZ wanted the funder signed sealed and revealed, but NDA funder decided to de-risk and move goal posts shafting AZ and US, hence the delay in RNS and resultant fallout that has ensued.
I say 'Dump the diva funder and take any other routes for funding instead and get the first securitisation done!'
All in my opinion of course. Dyor blah blah and gla.
CantClough29,
Yeah its called Schadenfreude.
Schadenfreude is the experience of pleasure, joy, or self-satisfaction that comes from learning of or witnessing the troubles, failures, or humiliation of another. Schadenfreude is a complex emotion where, rather than feeling sympathy, one takes pleasure from watching someone's misfortune.
Early in the New Year, the eligible Client Companies will receive a formal, confidential communication from SYME disclosing the identity of the Inventory Funder and the time-table to execute their individual inventory monetisation transactions. Shortly thereafter, the Company intends to disclose to the market the identity of the Inventory Funder, the key features of the Inventory Monetisation programme and the targeted positive revenue impact for SYME.
The Company expects to make these disclosures within the next month once the Inventory Funder confirms its release from the non-disclosure agreement or as required by market disclosure regulations.
Whose the funder and how many companies have been IM? Before suspension lifted.
Pipster04, If you look at the 19th January 2021 RNS paragraph under notes, it mentions Portfolios of Inventory assets. Is that what you are asking?
The SYME platform aligns Client companies (manufacturing and trading companies) seeking to monetise part of their inventory for cash, with inventory funders (banks, financial institutions and investment funds). The inventory funders invest through the SYME platform into portfolios of inventory assets through Securitisation Vehicles.