RE: The news I expect this month14 Jun 2021 23:27
Looking at previous reaction to what all LTH would see as good news the market seems to react negatively - its only my opinion but I can't help but think any news other than the 1st tranche of clients monetised will have little effect on the sp - the 1st transactions is what the market is waiting for and is the most important factor, once the 1st transactions are completed it answers all other questions - funders, clients and proof the platform works, there is so much positive news to come SH update, UK update, US update ( which I believe will be massive in "end to end" monetisation) mena regions update , Tradeflow etc etc the one that really matters is the 1st client transactions - add to this all the aforementioned and it's very hard to see anything other than MASSIVE growth in a very short time - not trying to play it down and I'm ultra positive but I've been in long enough to see positive news has not affected the sp - I'm convinced AZ will be aware of this and will almost certainly be trying to get the 1st transactions over the line - new funders don't come onboard without 110% confidence in the future of Symes success like wise Tradeflow would not have agreed to the acquisition
“People are anticipating that their credit lines from banks at best may stay the same or at worse will be dramatically reduced,” said James, who used to arrange trade finance for banks including Credit Lyonnais and has written several books on commodities. “The banks will no doubt add further restrictions and limitations on their own participation. Unfortunately they’ve been burnt fairly badly.”
To take on more clients, Tradeflow plans to grow. The $30 million fund sees potential to reach $100 million in a few months and eventually top $1 billion, co-founder John Collis said.
Tradeflow’s typical transaction size is up to $15 million, yet it sees a funding gap of $1.5 trillion for small firms in the sector. The fund runs about 50 live contracts a month.
Syme is going places and I'm happy to be going with them - best wishes all LTH