RE: Tweet, tweet...25 Feb 2021 20:24
OK this is an extract from september 28 RNS...so am I the idiot and there are no delays?
there is a delay in the business plan. stop. We all hope in a huge RNS!
oh no I am a deramper..
"Year ending 30 September 2021
The first portfolio Inventory Monetisation is expected to have a value of approximately €300m and to complete by the end of October 2020 (the first month of the next financial year). This is expected to deliver approximately £20.5m of annual revenue into special purpose securitisation vehicles and to generate an average annual net servicing fee of £6.5m to Supply@ME. The Inventory Monetisation contracts have a three-year fixed duration plus a one-year option.
The next securitisation programmes for delivery by 31 March 2021 is now being initiated. These aim to complete the Inventory Monetisation of the remaining Client companies in the current portfolio, and may include Client companies sourced for the pilot operations in the Company's new geographies. Inventory funders for this programme will include both institutional investors, and, following regulatory approval, the Captive Bank announced on 21 September.
The Company will continue to keep shareholders updated."