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32,755 million. not 32.755m
No error, you are seeing a full stop when i wrote a comma.
You must be i profit, Close it.

I've been calculating it on thirty two thousand, seven hundred and fifty five million.
Which is thirty two point seven five billion in case numbers are a problem.

It's not a . its a , 32,755m = 32.75 billion.
No error on shares.

High Mick, the over €300M is the first tranche of securitisation. There was 16 investors lined up, However an Institution came in and said they want the whole €300M. It is under way and there will be a constant continuation of further securitisation as deals are done. Link to press article from Friday 11th Sept.

https://www.structuredcreditinvestor.com/Article.asp?PUB=&ISS=25078&SID=73378&article=SYME-securitisation-underway

The UK pilot due diligence is done..

"The Company is negotiating a funding term sheet in order to commence delivery of the inventory monetisation service in respect of the first portfolio of UK Client companies."

Middle-east

"A Shari'a assessment on the Supply@ME Platform provided by an internal specialised department of a global bank has been positively completed. This Bank has also identified a local Funding Partner available to support the UAE Programme of SYME and iMass (MENA strategic Partner - as announced by SYME in the RNS of 10 August).

The Parties above are currently agreeing a Memorandum of Understanding, details of which will be published in a separate announcement."

We are just getting going with the first securitisation, UK, Middle east all to come.

@Extrader, Provided they've not been shut down by the FCA (as reading your posts may imply)

I'll be here so we'll see. A plan announced on March 31st could say they will start paying Dividends in 2023. Im going for announced 2021, paying 2022.

Az has said CFO coming, Couldn't agree more SYME need one, but the right one.

7th degree of separation ex trader haha.

If you find the time, Check this one which updates things.

https://www.lse.co.uk/rns/SYME/interim-statement-12-month-period-to-310320-bsrvcuzpqx50160.html

12. Dividends

During the twelve month period to 31 March 2020, the Company did not pay a dividend.



The Directors do not foresee a dividend being payable in the next financial year as the Group will be concentrating on growing its market share and enhancing its technology and capabilities.

--------------------

My words if you check my older posts are "we will see a dividend plan announced by the end of 2021 latest"

I stick by that.

Key point on his reply to me was

"also in relation to the number of yearly turnover of its inventory (for us is a risk-based indicator)."

To me that says,

Company A has a turnover of stock 6 times a year. So the annual fee covers that turn over of stock in $$ value

Company B has a turnover of twice a year, so the annual fee covers that turn over of stock in $$ value.

Company C has a turnover of twice a year, so the annual fee covers that turn over of stock in $$ value. However, company C launches a new product line in Q2/Q3 so will need a new line set up and SYME earns more.

Company D has a turnover of 4 times a year, so the annual fee covers that turn over of stock in $$ value. Company D acquires some competition and now has another batch of inventory and SYME gets paid again.

Either way, its a serious growth story. I just can't see the annual fee being turned over 6 times a year. I think its all worked in and would adjust if needed on an annual basis. Three year term is minimum so would allow for a margin of error.

I may be wrong @Apuunter, But I think the annual fee would be working in those turnover estimates.
The manufacture would be one client, the retailer another which i think is why we are seeing the speed of growth.
However "new" inventory via new product line or business acquisitions could be added.

Here is my email to AZ and he said it was ok to share.. Feel free to correct me if I'm misunderstanding.

Within the 3 year contract. Can SYME expect to have multiple different inventories and transactions from each client, also would the pro active research figures of 1/6th of the year for holding inventory be accurate, would you say you can turn the inventory for each client maybe up to 6 times a year, and would this generate new revenue each time?

AZ...

Each Client Company pay an annual servicing fee – in advance - also in relation to the number of yearly turnover of its inventory (for us is a risk-based indicator).

Consequently, in order to “up-sell” vis-à-vis the Client Company SYME could only buy new inventory (for istance new product lines or in case the Client Company will buy new businesses)

The only thing that was crossing my mind was the costs of various regulations. As they grow and the investments amounts become bigger and bigger allowing only qualified and very high net worth investors in. At different levels of investment amount, the regs can change and the due diligence needed etc. I would say the expanse in legal knowledge and team expansion would cost. Experts in those fields don't come cheap.

Very good read and a little out dated now as missing the EPIC deal numbers.
SYME moving so fast things become out of date quickly.
A lot of the press is based on early clients and not all the recent.
GLA

There was some notes about that in the Pro Active research @Gurmot. it stated that they would need to invest in accommodating the growth every few years so would need some working capital but also highlighted how profitable it would be.
I'm 100% certain of future dividends with earnings per share like SYME should see.

Thanks Knokke, Yeah its forward looking and can be tweaked around a little with the numbers and scenarios.
Just see you've sent a message. Will check now.

The 1.43Bn was what was ready back in May. Not sure how many companies that took.

We have a 5m min target, 13m average. You can work on 5m to be safe. Only upside from there.

97 On board
272 via Italian Banks
250 Target via EPIC deal by year end

Thats 619

No number for UK yet
No number for Imass MOU yet
No number for USA yet.

Bloody typos!

We've been told 50 clients a month. I put year. But worked it out correct. Maths is stronger than English!

Just posted them in a valuations thread.. ;)

For every £1,000,000,000 (1 Billion) in inventory.

6-8% of which is the cost to the client.
Of that 6-8%
4-6% is the for the annual return on the security coupon or bond.
2% Is revenue to SYME
1% IS NET PROFIT TO SYME

So very every £1billion in inventory (I will use 8% not the lower 6%)
The cost to the client is 80m = 8%
The revenue to SYME is 20m = 2%
The Net Profit to SYME is 10m = 1%

SYME has 32,755m shares in issue.
£0.0003 earnings per share per £1 billion in inventory signed.
So £10Billion in inventory is £0.003 earnings per share

Put that on a PE of

10 = £0.03 = 3p share price
20 = £0.06 = 6p share price
40 = £0.12 = 12p share price
80 = £0.24p= 24p share price

How many customers do SYME have on board?

My last count was by the end of the year 600.

How does that work out for a Dec 31st share price?

600 X £13,000,000 average client inventory = 7,800,000,000 In inventory. £7.8 Billion
£0.0003 per £1 billion in inventory
7.8 x £0.0003 = £0.00234p earnings per share.

P/E

10 = £0.0234
20 = £0.0468
40 = £0.0936
80 = £0.1872

How about Dec 2021?

Well we've been told 50 clients per year.
50x12=600

So we have the 600 from 2020, contracts would rollover, then 600 new in 2021

So we can simply double the previous calcs.

PE of

10 = £0.0468
20 = £0.0936
40 = £0.1872
80 = £0.3744

Have a good weekend people.

Not a fan, have stuff connected to work but never use it for personal and should use it more for business. Watch "Social Dilemma" Been of those thoughts for years. This isn't quite the same on a BB. So can handle this. I may open some Weathergeek social accounts one day but really want to keep my work separate.

Thanks Hulla. Replied