Member Info for teinba71

@Exponential
You should never by for fun...here is why:
a. You are right -> you regret not having invested more
b. You are wrong-> you are loosing money anyaway and it's not fun (at least for me)
So again, DYOR ...you will never regret studying a stock!

@kchappers. Correct
IT should be as you said. I normally consider 2% to be safe in my assumptions, but it may get to 3% and roughly half of it, it's profit.

@LongSuffering. You wrote:" I've previously read Europe alone has £2 trillion in stock (inventory). If SYME captured the lot it would generate 1% - £20 billion or 1.5% - £30 billion in fees."

WRONG.

20 Bln is the inventory (if you take 1% of the market). Service Fee is 2% . So revenues would be 400 MLN€

Having said that AZ said we have now 1,5-1.6 BLN Inventory ready to be served... so the route has been traced! still a long way to go.

Totally positive here, just fixing numbers..
GLA

Nikikiki,
the most important thing here is the stormharbour issuance . He said 300 mln€ by end of October 2020.
This will prove the business model is up an running and I believe future issuances will be larger.

https://video.milanofinanza.it/classcnbc/notizie-commenti/Milano-Finanza-Digital-Week-99182/

Here is the link nikikiki :-)

He spoke at 9.30 (ITA time) at class CNBC Ita inside a program dedicated to digital payments. The difference being that all the other people were talking about lending money in different ways.. He has explained the business model of SYME stressing the de-recognition of the assets (i.e. transfer) and the service fees based model .

Here is the link on cnbc ita site: (AZ starts at 4:53)
https://video.milanofinanza.it/classcnbc/notizie-commenti/Milano-Finanza-Digital-Week-99182/

Pleasure. I only translated what I heard :-)

I forgot to add that he said the deals with italian banks for direct funding already closed are two (he did not mention the names though) with a third one in final negotiation "with a big name".
I expect these deals to be the topic of next RNS...

I am italian... So I got the full message. :-)
He confirmed everything already said in the rns adding that the stormharbour issuances will be three by march 2021 for a total of 1.5 bln

He also confirmed the great interest in the platform and mentioned an imminent news regarding an important and historical UK company now searching for fresh capital. (RR?)
GLA

I am italian... So I got the full message. :-)
He confirmed everything already said in the rns adding that the stormharbour issuances will be three by march 2021 for a total of 1.5 bln

He also confirmed the great interest in the platform and mentioned an imminent news regarding an important and historical UK company now searching for fresh capital. (RR?)
GLA

It might be even better.
The three issuances are stormharbour I believe. The march 2021 will probably be bigger if the first one is successful.
Then there are the direct funding with 2 italian banks (we don't know the size yet, we can estimate at least 100 mil in total)
Then there are the captive bank funds (allegedly operative in Q2 2021 in my opinion)
Then there is iMass , UK pilot, US pilot.
Plenty to be positive IMHO. GLA

"Buys far outnumber sells, we should be at 0.80 minimum". Totally agree mornington-oz.
I saw the same pattern down at 0.09, 0.08,0.07,0.06 and 0.05 :-) then BOOM!

Who sold at 0.05?
And also,where are those Who claimed this was an "italian mafia"?

They are served .
Can only thank them for such an easy trade.
GLA

Here it says... Note is due soon... Very soon.
Article of 2 days ago..

Google it for translation from italian.... I will do it when I am back in office on monday.

https://bebeez.it/2020/07/29/la-fintech-supplyme-capital-pronta-chiudere-la-cartolarizzazione-del-programma-complessivo-970-mln-euro/

alwayznow : Totally agree. 100%

A question for you all: I follow european stock markets where there is no clear presence of MM (there are MM but they normally do bid ask spread) ...Is it possible that MM is buying on behalf of clients and keeping prices down?
Is it legal in UK? Very strange that after yesterday huge volumes we are still trading here... GLA

Lost in translation : The article quotes ‘0.48 Pounds’ should read 0.48 pence. Yes... sorry! My mistake

Correct. Of those 42 mln, 40 mln went to TAG. 2 mln to Supply@ME directly. Now we see the MD of SYME doing a huge investment in the holding. To my eyes....an excellent news. Obviously (as I wrote previously) we need the stormharbour note to fuel the car... that will be the real kickoff for the company. But now everything is clear and ready to take off....if you believe in the business model ...Gla

Roy once and for all....

He bought 100'000 shares of TAG not Supply@ME. He paid 91 mln for 100'000 shares of TAG. TAG is the biggest shareholder of Supply@ME and he reinforced his position within the group being the Managing DIrector and one of the main shareholders. The transaction values Supply@ME 0.48

It is very clear that the managing director believes Supply@ME is worth 0.48. Is he dumb or what???
------------------
Zamboni - by July 15 - will take the shares for an average figure of 0.48 pounds each, despite the stock trading at a price of 0.1: "After this move there is no longer any doubt about how strongly he believes in Supply @Me, "said Zamboni to Websim," among other things, this is not a simple paper-on-paper operation, because more than half of those 91 million are paid in cash. From my point of view, I get a strengthening of the leadership on the company, which will experience visible growth starting from the September accounts, on the other hand, the shareholders have had an increase in their shares. There has been a perfect alignment of interests. "