Member Info for Tallchad64

the risk guy

The largest holders of collateralised loans in the US are Wells Fargo, followed by JPM, followed by Citi. see link.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/those-700b-in-us-clos-who-holds-them-what-risk-they-pose
Is it clear however the role of the US banks here? Is it in origination of new clients with inventory? Or as investors in the securitised notes? Did AZ make that clear?

https://beta.companieshouse.gov.uk/company/03936915/officers

the officers of the company

Thanks Weathergeek. I'm inclined to agree with you.

Honestly not deramping, I hold this share and expect to do so for the long term, please look at my posting history. It's a genuine question, and Holly I don't know what it means. The 1.63bn acquisition 10 days ago was at 0.6756 which is the 'placing price' in the same document. I think you can definitely deduce that both acquisitions were conducted off-market. Also note that 660m is just over 2% of the issued capital so I dont know if another TR1 should be issued by the seller?

Can anyone enlighten why 0.6945p in today's RNS is the same price as on page 5 of the attached document?

https://www.supplymecapital.com/wp-content/uploads/2020/03/Project-TAG-Whitewash-circular-FINAL-for-posting-and-display.pdf

Agreed. Sh*t or bust

Please check again or show your calculations

Sorry replied to the wrong thread.
My take is that at a a £20bn target inventory, net income 1.3% = £260m, PE of 25 = £6.5bn market cap, 20p a share
So rough rule of thumb is 1p share price per £1bn of inventory assuming decent growth profile and SYME is able to retain its margin

Hi again, your scenario 2 is a factor of 10 out.
10 = 37.8p share price
20 = 75.6p share price
40 = 151.2p share price

Should read
10 = 3.8p share price
20 = 7.6p share price
40 = 15.1p share price

Hi there's 32,755m share in issue, not 3,755m

Hi, how does one see the interview? Is it broadcast live or is a recording released after the event? If so where?

I concur Iky and Columbo. We have been marched up the hill before re Concordia, I remember getting very excited back then only to be let down. Were we spun a yarn from the outset? I'd like to think not but I do wonder.

The nature of the business is to generate income, but every £1 reinvested in growth will need to be weighed up against £1 paid out. If £1 reinvested creates a better return, they would opt for that, in shareholders interests, instead of dividends. Since (as I understand) the service fee is taken up-front, and would therefore compensate (I assume) some type of commission structure to support business development, I suspect a dividend at an appropriate time, even a modest one, might be a good idea as a signal to the market of the financial strength and confidence of the company to return cash to shareholders. Whether that is in 12 months or longer depends on the reinvestment opportunity at that time

Yes, that's monetising £5bn of inventory at that point at a 1% margin with 50% payout to investors by dividends

Yep its the £700 mark per 1m shares based on those assumptions

You have to wonder what the strategy is for the founders. Are they looking to build the business over many years organically to make a (very comfortable) living from the dividends. Or are they looking to prove the concept and growth potential and tout for offers much sooner than that, to sell to a major financial institution (or an established tech company such as a Google or Apple that want in to financial services). I believe the latter would be the plan, and with so much of the company held by insiders SYME would be in the driving seat in making this happen, and in a strong position to reject any hostile approach. All good for smaller shareholders like us on this board

My take would be the 1.63bn weren't free float as they are 4% of the company held by one individual/entity. And these were transacted privately (i.e. off-market)

All. I wrote to investor relations today as follows:
Dear sirs, I am an investor in SYME with a holding of just over XX shares. Regarding the recent transfer to Orchestra group of 1.63bn shares at 0.6756 pence per SYME share from Ceresio SIM S.p.A..Announced by RNS on 18th August. Can you advise whether the CEO Alessandro Zamboni held any beneficial ownership interest of these shares prior to this event, when they were held by Ceresio SIM S.p.A.? Or does this transfer truly represent an increase in the CEO's stake in the company? Kind regards,

I received the response:
We confirm that the transfer truly represents an increase in the CEO's stake in the company. Kind regards

RNS says 'Direct transfer to custody account' Best way to find out is to ask him whether he was connected in any way to the underlying transferor. I am going to drop a line to investor relaitons, and will update you of the answrer