We would love to hear your thoughts about our site and services, please take our survey here.
2/2 “This mission requires method, specialization and rapid responses”, he underlinesAndrea Crovetto , CEO of Epic : “in Italy alone we have over EUR 3 trillion of private assets under management, which will have an ever-increasing share of investments in the real economy also thanks to technologies and professionals who follow the best standards of investment analysis. The strong growth figures for 2020 testify to the maturity of Italian fintech which has collaborated well with the world of traditional finance, guaranteeing immediate and simple solutions. The strategic partnership between Azimut and Epic fits into this context. "
Azimut Direct will in effect be a marketplace for the real economy at the service of Italian SMEs to meet extraordinary finance needs, which will operate in the field of credit mediation and securities-based crowdfunding reserved for qualified investors.
https://www.google.com/search?client=firefox-b-d&q=COMUNICATO+STAMPAAzimut+ed+Epic+lanciano+Azimut+Direct+per+dar+vita+a+una+nuova+realt%C3%A0+fintech+dedicata+all%E2%80%99economia+realeMilano%2C+8febbraio2021Il+Grup
1) The group Azimut ( "Azimut"), by Azimut Enterprises , has signed an agreement for the acquisition of the company Fintech and structuring of alternative finance activities for SMEs Epic ( "Epic"). The business unit will be transferred to a Newco, Azimut Direct, of which Azimut will hold 50.1% while 49.9% will be owned by Epic. Completion of the transaction, which will be subject to the approval of the supervisory authorities, is expected in the first half of 2021.
Azimut Direct aims to support the growth and development of Italian SMEs, through a joint advisory, structuring and placement of alternative finance instruments with institutional and qualified private investors. The Azimut Direct business plan is functional to the Azimut Group's strategic objective of creating a broad ecosystem in support of the Italian economy, within which a marketplace of companies and investors is also developed that allows funds and other professional investors of the saving of knowing, selecting and financing the most deserving SMEs.
Azimut Direct capitalizes on Epic's fintech experience, which combines structured finance capabilities with IT corporate analysis and distribution processes, with the potential synergies that can be extracted with the help of the technology developed by Azimut Capital Tech, born following the partnership signed in 2020 with Borsa del Credito.
With this investment, Azimut accelerates the development of the Banca Sintetica project with the aim of providing loans to Italian SMEs for 1.2 billion euros in the period 2021-2025, thanks to the Alternative Credit product range which has been enriched in recent weeks with two new innovative funds: i. ELTIF PIR Digital Lending, a strategy focused on government-guaranteed loans and commercial credits invested through fintech platforms; ii. FIA Private Debt Multistrategy, a private debt strategy with the benefits of high diversification between performing assets, non-performing assets, direct lending and special situations.
Pietro Giuliani, president of the Azimut group,he comments “the asset management industry is evolving in its ability to act as an alternative to the traditional banking model in financing Italian small and medium-sized enterprises. The use of technology allows us to create new return opportunities for the patient capital of our clients who are employed in business financing activities which in turn benefit from an understanding of their needs by our managers and fast delivery times . This new project allows us to increase the product offer in the private markets segment, an increasingly fundamental asset class within customer portfolios to generate positive performance in the medium to long term ".
It depends on the category of item as any valuation for cash on any item from a broker, you will get offered what is deemed a fair offer fixed at their level of a base market value for that commodity, meaning not the full value but a percentage of it. DD process would take all that into account. That's my take on it anyway for what its worth.
3) The Company announced on 10 September 2020 that it was analysing whether to syndicate its first securitisation note across a number of investors, or work on an exclusive basis with one investment fund. Following detailed evaluation, 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. Whilst this decision has put back slightly the date of completion of the first issuance, the opportunity to form an ongoing partnership with the Investor will provide valuable benefits to SYME, both in the short and long-term.
Supply@ME is also pleased to confirm that the Client Companies included in the first Inventory Monetisation transaction are now fully on-boarded and that the Platform continues to originate further corporate clients through its strong network of local partners and intermediaries.
The decision to work with a single funder for the first securitisation transaction is based on the following.
1. International large volume investor in credit opportunities
The Investor is a leading global alternative investment fund manager, founded in the 1980s, with a globally diversified investment portfolio valued at more than $70 billion.
It has an extensive track-record of structuring, optimizing and executing capital markets solutions across many asset classes, as well as in the development and growth of various forms of lending businesses.
A little Funding lined up from what i understand. Gla Lth
1) The Trading Update on 30 November 2020 stated that the parties' objective is to complete the acquisition and the authorisation processes regarding the 'Banking License during the first quarter of 2021'. This timetable remains on track.
The Company also stated that it would provide details of the Financial Partner and its market position, once the acquisition was sufficiently advanced. The Company is now therefore pleased to announce that the Financial Partner is Quadrivio Group ("Quadrivio").
2)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.
Everything is lining up nicely imo. gla lth
The way i read it, there is nothing to get excited about> (these accounts cover a period prior to the RTO and Admission to Listing of SYME’s shares) and also for the six month period from 1 January to 30 June 2020.
So in short; tying up loose ends from the RTO and the three months finances of the newly formed company. Not much to expect to be honest. The April 2021 results and from then on, I am more interested in those.
Nath89, I am of the same view. AZ is no fool and after the November nonsense he and we all went through, he has decided to nip the naysayers in the buds(sic) by hitting the pause button, which also gives him time to work on fortifying the company rather than wasting time dealing with detractors.
Syme requested the suspension until it completes its accounts,the Company is requesting its shares be temporarily suspended from 7.30am today. The Company will seek a restoration of its listing immediately following publication of its audited Accounts for the year ended 31 December 2019 and Interim Results for the six months ended 30 June 2020, which are both expected before 31 January 2021.
Supply@ME Capital signs milestone agreement with Lenovo Financial Services META
https://www.proactiveinvestors.co.uk/companies/news/938043/supplyme-capital-signs-milestone-agreement-with--lenovo-financial-services-meta-938043.html
The trades https://uk.investing.com/equities/imaginatik-plc are starting to look more positive, maybe things are on the turn.
A Lesson learned I think for many from this weekends relentless bombardment and If you are a new investor- Welcome to the dark-side of swimming with sharks, be prepared to get bitten otherwise remain safe and stay out of the water. What was that? 'We need a bigger boat!' ;)
The news we all want hopefully will soon be coming and all will be revealed, we will all know what the bottom line is and if our judgement and trust has been well placed. I'm sure it is.
The true bottom line though is always DYOR!
Do not trust anything written on this BB – judge it all by reading between the lines on; Why was it written and to what ends do they want or wish to achieve from those post/s?
Free help understanding the real answer here >Money has always and will always be a Massive incentive! Smell the coffee, trust your own instinct, no one else's. Capiche!
Anyway for what its worth, I am a LTH and have followed the BB for a few months before signing up and intend seeing this ride out beyond 2020 and far into 2021 and see where SYME takes us.
My god this BB is far too adictive.
To Savvy as Redbox said your wisdom is missed, WG and AP2 also, I am sorry to see you guys were taken for a ride, these charlatans are known to study a board and select the popular posters to befriend and absorb their hard work and then twist it and throw it back, hopefully once bitten an all that, just take it on the chin as they have been well and truly rumbled thanks to some of the boards solid posters. A big thanks to them.
Finally GLA, I genuinely wish all LTH's every success in securing their futures for themselves and their families in these uncertain and tough times, in a world that has been an even stranger place than it normally was, can you believe it? Then there's this BB, wow what entertainment, incredible! Let US all hope for a better 2021. Keep strong and don't let the b*ggers intimidate you!
DA, whoever you are, if SYME is blowing your synapses into confusion and your having a meltdown, I advise you to have a look into bank bail -ins, that will really tickle your tonsils enough to spit your tea out!
Spotify, I could also argue that if I knew everything that was happening forensically down to every single move made within the company and how it operates, then I could create and replicate it, just a thought. After all its a new wheel and I am sure its kicked a few butts into gear and ruffled more than a few feathers in a few places that would feel they should own it.