RE: Dear Investors22 Dec 2021 20:19
Binding contract prior to 31st December - meaning before 31st December followed by 1st IM transaction - majority of revenue will be recognised in 2022 - majority not all
Although the majority of revenue will be recognised in 2022 it does mean a small IM is possible before eoy and the big significance of this is not the amount but poc and a funder will be named - the revised revenue guidance did not include Shariah/Mena regions and with a arranger now in place we could be in for a nice surprise - we are overdue a Tradeflow update and all research indicates to increased numbers and funds - a separate funder has also decided to focus on UK IMs in order to speed up the 1st UK IMs - although 1Q 2022 has been quoted as being the time we will see a significant growth in income generated this year is not over by a long stretch - there are multiple possibilities of news that could land before eoy - I eventually managed to top up this morning but for a long time I couldn’t get a quote on HL - 739 trades today !!
“The Board of Directors now expects a binding contract with the initial Inventory Funder to be finalised prior to 31 December 2021, following which the first Inventory Monetisation ("IM") transaction is then expected to be completed. As a result, the majority of these revenues will now be recognised in future accounting periods, commencing FY2022, with Group revenues for the year ended 31 December 2021 now expected to be in the range of £0.5m to £0.8m.”