Positive RNS - Great future ahead31 Aug 2021 10:03
I have to say, what a great RNS... a few of the key points.
Proof of concept with SYME has been achieved as we now have 6 clients through use if the IM platform, with £271 million assets under management @ 1-3% of the gross value = £2.7 million to £8.13 million:
"Currently this revenue is being generated by the Group's Supply@ME operating subsidiaries, and in the future is expected to be supplemented by Tijara Pte Ltd, a technology subsidiary company of TradeFlow. The revenue will be earned in relation to the following tasks:
- origination and due diligence (pre-IM); and
- monitoring, controlling and reporting (post-IM)."
TFC - They have 272 million assets under management @ 1.25% = £3.4 Mill.
TFC - Possible performance bonus of up to 15% of the funds profits, this could be huge.
This is without factoring in W.IM, no figures to go by yet but based on the other assets under management and cheaper fees, I would expect this to be a preferred route @0.5% - 1.5%.
Pipeline £2.25billion without factoring in W.IM, this is going to be absolutely huge and we're only just getting started.
"Due to the features of the Group service model, this portion of the C.IM revenues are expected to be recurring over an indicative multi-annual period of 3 years."
We still need to also factor in the other positives such as:
· Captive Bank funding;
· Deployment of the International Chamber of Commerce ("ICC") partnership; and
· Execution of Shariah compliant inventory monetisation transactions.
So there is plenty of new to come, plus hopefully an update in September/November re recognised terms for Negma.
All in all, great opportunity to top up, when this news starts to digest and people how profitable the company will be going forward, they will be rushing back to buy in.
I have no concerns with SYME whatsoever ever, it also looks like AZ is staying true to his stated timescales now too!
All positive, GL all long term holders, I can't wait to see where we are 3/4 years from now!
Sign In
Follow the stocks
