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Now now S.A.M don’t get too big for your boots.
I purposefully didn’t run that fag packet calculation for a few reasons.
You also missed out a few variables too btw ;-)
Now let’s see how you factored in time, sentiment, general economy, global economy, weak UK stock factor to name a few
Hmmmm
Ok so lets say the 350 IS high ball ( although not impossible), we knew we had 213 clients at new year, AZ wanted to ramp up onboarding by 50 a month, so its not too far from the realms of possibility.
BUT
lets low ball it, 250 clients @ £12.9m = 3.225b monetised
So in one of the questions about how many emplyees, AZ answers 15 staff looking after 25 companies each !!
OMG !
That's 375 companies !
In a later question, talks about turning down a £150m transaction to limit risk, and prefer companies to be £40m-£50m.
This is HUGE guys
AZ – Hello all and thank you to everyone who submitted questions. I wanted to have another investor Q&A to hopefully address any concerns you may have and, where I can, provide an update or share more information about Supply@ME and the progress of the business.
Are the first securitizations complete?
By the end of last year, effectively all the commercial layers (legal documentation, process definition and operating structure) had been completed. The eligible client companies are ready to implement the inventory monetisation process and their financial advisory teams have approved the structure and derecognition accounting treatment of the inventory monetisation transaction. Our closing process works as follows firstly the Client Company signs a term sheet (which also allows the Supply@ME charge the due diligence fee) and once the inventory funder commits the sum, the Client Company, if eligible, signs the monetisation contract. The merits of this approach, to invest more time with Inventory Funders in order to allow them to really assess the Platform (and not just sell the existence of a credit insurance policy), has been borne out recently when we look at the defaults across trade receivables / reverse factoring platforms. We look forward to updating the market by the end of the month.
Rumours of being bought out, taken over, any truth to this now or in the future?
2020 was a formative year for Supply@ME where we achieved key milestones for the business, including the UK listing. The business is now primed to accelerate its momentum and realise its true, global potential. We have no intention of being acquired or selling Supply@ME.
Would be good to hear from (interview) another Director of Syme, another voice is good. Also, perhaps an interview with a partner about the exciting projects going forward, is this possible in the near future?
Expanding the spokesperson base is one of the items on our agenda for Q1 and investors can expect to hear from more of Supply@ME’s directors and senior team in the near future.
Any updates regarding business in the USA?
We are working hard with Anthony Brown and his Company in order to arrange a first pilot (our first inventory monetisation transaction in the US market). In parallel, Anthony is supporting SYME to study and develop a version of the platform focussed on inventory in transit (a potential, compelling service for US importers and, more in general, for the whole trade finance global market).
In what country/region are you experiencing the most interest from regarding Banks and Clients?
The demand for Supply@ME’s inventory monetisation continues to surpass our expectations in every geography. The Middle East and our recently launched Shariah product has seen exceptional interest and represents a particularly strong growth area for the future.
A small client contract is between €10-€15m. Could you give an indication of what the range for medium and l
Sounds good
Supply @ME Capital - Restoration of Listing and Resumption of Dealings #SYME @SupplyMECapital https://www.**********.co.uk/rns/announcement/eedfd02d-6fa6-4976-9118-d520f619a320 #********** undefined
The thing about all these personal replies is that AZ as a person is always optimistic and upbeat, he will never admit defeat or say a bad word about OUR company, he is always going to put a positive spin on it whatever the news. Yes I believe and AZ and the concept, that's why I'm here and will be staying until the end.