RE: Guess the value of contracts in the next RNS2 Sep 2020 11:45
I think a lot of the thoughts of SYME directors will be around Brexit and the Eurozone. The set up first in Italy then in London.
One of the reasons for this business model is because of the change in banking regulations and cleaning up of the high loan ratio's i.e. the laws stopping high levels of fractional reserve banking. This has affected a lot of lending facilities over the last 10 years. SYME started this business in 2014.
The second reason being the amount of EU countries unhappy and potentially leaving.
Both of the above have created uncertainty for business and the need to hold more inventory.
SYME's model if implemented sucsessfully through out the world, will be a saviour to many cash flow hungry businesses.
From the Pro active research note..
Working capital management is a big issue for companies across a wide range of industry sectors. In particular, companies can often have a lot of money tied up in inventory. The following are typical figures for Days Inventory Held by different industry groups according to Supply Chain Digest:
• Aerospace and defence — 47 days
• Speciality chemical — 40 days
• Food retail and wholesale — 23 days
• Diversified industrials — 42 days
• General retail (non-food, non-apparel) — 62 days
You can add a lot more to those days because of COVID. The demand for a product SYME offer will be through the roof, as we've seen in the smashing of 2023 forecasts in the pro active research in just the last 6 months alone.
They had us at a value of .7p with current business, 200% upside going forward into 2023. So thats 2.1p per share. However on confirmation of how many of those 272 companies come on board. SYME will have smashed those targets already and officially.
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