The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
We have already been alerted of the possible news to come in RNS's released and in interviews so it is already in the public domain that news is imminent.
We are waiting for confirmation!
https://www.youtube.com/watch?v=OdxeUamJcmI
AZs' last interview mentioned that the Middle East pilot was already underway and ahead of schedule and could be completed by the end of this year.
UK pilot scheme to commence in September and possible talks with USA.
So much more to come and Tuesday interview with Zak should be quite informative.
Monetisation of £200 billion very possible within a year a this rate.
RNS re MOU with Imass mentions the potential to monetise approx $78 billion in the UAE alone.
Following a joint market assessment that commenced in June, Supply@ME is pleased to announce that it has signed a Memoranum of Understanding (MOU) with Mr. Khaled Abdulla Almass and his investment company, iMass LLC to facilitate the expansion of Supply@ME into the Middle East market.
The MOU is the first step towards a long-term partnership to deliver the roll-out of SYME's platform in the region, commencing with an inventory monetisation pilot programme involving a number of Abu Dhabi-based manufacturing companies (as client companies) and a number of regional investment funds (as inventory funders), which will include sharia compliant investment structures, by the end of Q1 2021.
iMass Investments was founded in 2007 to invest directly in leading companies and major development and commercial projects in the EMEA region including into industrial, food supplies and general trading, real state and services sectors. Market analysis carried out by iMass within the UAE region estimates that it has an underserved market for Inventory Monetisation of up to 50bn USD for the principal categories within imported goods, and 28bn USD for the main categories of non-oil goods produced in the UAE.
63K buy just gone through
Our fees of 2% are paid in advance as soon as the notes are issued. High profit margin of 50% + net, this is big money not many companies around with this potential of profit. DYOR
SYMEs' platform and software are what controls and monitors the stock, this is what's unique and nobody else has done this.
This is what SYME do. They visit the site, check the stock, collate the evidence and do the full DD.
They don't just had money over on someone saying they have some stock.
Once the DD is complete and the company meets all the requirements the securitisation notes will be issued against the cost value of the stock not the retail value.
Cookie, you obviously don't understand the model. SYME are not competing with anyone, we offer a unique platform that manages and controls the inventory of the companies and we offer up to 100% monetisation on this stock. No other bank or financing house offers this do some research and you will understand the business model and how huge this company will be.
If banks want to offer this type of financing they will need this type of platform and SYME, as mentioned this platform is fully scalable and will be offered worldwide.
SYME way ahead of schedule AZ mentions in his interview that the the pilot scheme with Imass is already underway and could be completed before the end of this year. This company is going to be massive IMHO.
New investors should listen to all the interviews to get a better understanding of where this company is going and how thing are moving along faster than anticipated.
Once the news starts to flow it will be impossible to buy in at these levels.
Remember there is a lot in the pipeline and news to come soon and things moving faster than expected. Possible USA market as well.
https://www.youtube.com/watch?v=OdxeUamJcmI
AZ could have bought in much lower if he wanted to, his buy at 0.67 shows his confidence in the stock and he bought after the news release of the MOU with Imass.
Remember this is not AIM it is the main market trading under the SETqx platform. MM's maybe involved during the set auction periods to help keep a stock liquid.
What is SETSqx?
Stock Exchange Electronic Trading Service: Quotes and Crosses (SETSqx) is a trading service for securities less liquid than those traded on SETS. The auction uncrossings are scheduled to take place at 8am, 9am, 11am, 2pm and 4:35pm. There are 2 types of order book model for SETSqx depending on whether the security has registered market makers providing non-electronic quotes. An execution in the final auction will set the security’s closing price for the day and generate a closing price crossing session, which provides a further trading opportunity to execute business at the closing auction price. Electronic orders can be named or anonymous and order book executions will be centrally cleared where indicated in Millennium Exchange & TRADEcho Business Parameters document.
There are two types of model for SETSqx, depending on whether the security has registered market makers providing non-electronic quotes. The model in operation determines which time in forces are valid for the electronic orders, and how these orders are publicly displayed ahead of the scheduled uncrossing.
SETSqx with Market Makers
This model combines a periodic electronic auction book, with standalone non-electronic quote-driven market making. Registered market makers are obliged to make firm, 2-way quotes, between 8am and the end of the closing auction (including any price monitoring or market order extensions). While market maker quotes are not obliged to participate in any of the auctions, the mid of their best bid–offer forms the closing price should there be no closing auction execution that day. Electronic orders are only visible during the 10-minute call period ahead of the next scheduled uncrossing, except for the closing auction when the call period is restricted to five minutes. If time in force GFS is used any unexecuted orders will carry forward to the remaining auctions that day (but will only be visible in the call periods).
SETSqx with NO Market Makers
In this model the order book moves into next auction call immediately following previous uncrossing. Therefore orders are visible on submission until executed, cancelled or expired. This model supports an extensive range of Non-London, Equity and Equity Like that is not defined by ESMA as liquid. This is to facilitate On Exchange trade reporting in these instruments (SSX4 SXEL).
It is funded by the investors.
https://www.supplymecapital.com/wp-content/uploads/2020/05/2020_05_27_SYME_ProactiveResearch_equity-report.pdf
I certain people would read the RNS's that have been released along with the interviews they would realise that there is no requirement to raise proceeds as this is a self funding business model. We also charge a fee of 2% which we get at the start of the contract. We are waiting for the first contract to to be confirmed by end of August beginning of September. This is when the revenue will start.
Good points SJ, there seems to be some confusion with some investors. This is not AIM, this is the main market, there are no MM's that can manipulate the price this is traded using the SETS platform where prices of sellers and buyers are matched.
This share is rising because investors want to buy not because MM's are collecting so they can push it higher.
I've not seen many posts mention the word dividend, but this is when the big investors will start to take notice. Once we get a mention of dividends being paid this will jump up for sure and people will start trying to buy. Remember there is on 12% free float here approx 4 billion shares so things will start to move rapidly when the next news drops.
https://www.rankred.com/biggest-valuable-fintech-companies/
Just for comparison and what the potential of this stock is.
SYME have estimated that they would make a gross profit of £24 million by March 2021
They have shown unaudited accounts indicating profit after tax for full year 2019 at £1.18 million.
This is before the deal with MoneyGram and now the deal with Alipay. Next years results will be massive DYOR.
They have put this in the RNS to prevent a speeding ticket like last time. It just means that there is no initial value as this is commission based income from ongoing transactions.
Going forward this is huge news and will add significantly to future revenue.