APunter20 Oct 2020 18:09
Veeeeerrrryyyyyyy slowly for my benefit:
On the face of it of course there appear to be lots of unconnected high net worth individuals and entities owning a slice of the action. On closer inspection though it looks like a narrower band of brothers and sisters driving this forward:
Supply@Me CEO Alessandro Zamboni 8.5bn shares in his name (approx 26% holding)
1AF2 s.r.l - "Sole Administrator" Alessandro Zamboni (23.91% holding - spread across 7 companies?)
Orchestra Group - President Alessandro Zamboni 2.2bn shares (approx 7% holding) which acquired 1.6bn from Ceresio SIM on Aug 18 2020
So safe to say AF's direct and indirect holding looks mighty bigger.
Ceresio Investors - Switzerland which owns:
Ceresio SIM / Banca de Ceresio / Belgrave Capital Management 1.6bn shares / Global Selection SGR [Global Capital Life asset Management] 1.6bn shares / Eurofinleading Fiduciaria 1.5bn shares
So safe to assume Banca de Ceresio is the captive bank but we see others involved in Micky's list
Eight Capital Partners - 3.1bn shares. Chairman Dom White 5.1bn SYME in his own name (Eight Capital provides equity, debt, and equity-related investment capital, such as convertible loans, to growing companies which are seeking capital for growth and development, consolidation or acquisition, or as pre-IPO financing. The Company may also undertake a reverse takeover or make investments into companies that it considers good candidates for future reverse takeovers)
Bit stuck on Equitable Capital S.P.A & Pictet Asset management other than the obvious Milan bases
Fin-Eco SIM 109m shares – Again Milan based but they opened a London office in Feb 2020. In the run up to Brexit!?
Also worthy of noting which others may well have commented on before my investment in the last 6 weeks... In July 1AF2 Transferred:
1.6bn shares to High West Capital (Singapore) to help open up Asia?
778m shares to Stock Loan Solutions LLC (nr Salt Lake City) to help with the US?
3,5bn to Union Pacific Capital Ltd (London) to drive UK specific uptake?
(another 15% or so attributable indirectly to AZ?)
Here's something on a couple of large holders which I've just found. Maurizio Belli and Emmanuelle Facile (1.2bn shares between them) have co-authored a book on Italian finance a few years back. Literal translation into English is “Credit for SMEs. How to get a company financed by the banks” https://www.amazon.co.uk/Credito-farsi-finanziare-lazienda-banche/dp/8863454256/ref=cm_cr_arp_d_product_top?ie=UTF8
Please rip it apart and correct but in all honesty none of this is concerning for me and quite a fun job to try and get under the bonnet. If people have time and motivation then finding the connective tissue between all of the directors from all of the above companies that may uncover more but I'm happy and that's all that matters, lol
Conclusions? AZ bigger holding / More than 1 bank / International presence to launch worldwide :)
Hope that doesn't confuse further!
Cake was lus