RE: 0.75 before an RNS24 Mar 2021 20:37
Just a reminder of why the sp has started to move up and the possibilities of where it could end up.
Syme also confirms that it will be issuing a Trading Update to the market before the end of this month.
In the month and a half of the suspension of the stock from the London Stock Exchange, Supply@ME was not idle, it kept the business going and worked alongside the regulators to better explain its service model and, consequently, its accounting structure: “ We have communicated a lot in the past weeks, we have managed to get to know each other better and to provide the Financial Conduct Authority with the information requested: all in all, the stop to listing was useful”, CEO Alessandro Zamboni told websim.it.
The Italian fintech that allows companies to immediately obtain the value of the stock can be bought again from March 9: the stock closed on Friday at 0.50 pence, a price that is worth 162.7 million pounds. In the first four days of trading, the daily volumes were in the order of seven million pieces, but this summer it had reached almost two billion: a whirlwind of exchanges that allowed Supply @ ME to arrive on one of the stages of importance of the great world finance: “we have been in the reel of CNBC for a long time, together with the big names of Nasdaq”, continues Zamboni.
Alessandro Zamboni, CEO of Supply@ME Capital (SYME.L) Q&A.
Such interest is probably justified by the prospects for success of his business, the monetization of the warehouse. Supply @ ME has succeeded in building a bridge on the void that is created when a company ends the production of its goods, or, in the case of a wholesaler, when the purchased goods arrive in its warehouse, and the moment in which the goods and merchandise are sold. In this period, companies often need liquidity, “a need that the traditional credit system serves only partially, with loans that arrive after a long time and are worth a maximum of 50% of the inventory value”, explains Zamboni .
Supply @ ME manages to quickly get the liquidity that companies need, using the resources made available by financial entities that have them in abundance and are desperate for profitable investment solutions.
Building the tube that safely brings the liquidity of assets under management to companies has not been easy, in fact there have been technological, accounting, regulatory and logistical complexities that have taken more than five years to resolve. But all this is behind us, because today Supply @ ME is able to value a warehouse, proceed with its securitization with the issue of a short-medium term financial security that is underwritten by asset managers: the latter are happy because they have a return, companies meet their need at a fair price (not being a loan). The circle closes when the goods from the warehouse are sold to the end customer.
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