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I wish we could stop using number of clients as a variable input. It’s the amount of monetisation that is important.
Here’s my easy math
£2b monetised at 1% profit equals £20m profit.
With a pe of 45 gives 3p sp.
rough whole numbers used.
Supply @ME Capital - New Investment in SYME #SYME @SupplyMECapital https://www.**********.co.uk/rns/announcement/9ca0e8b9-402c-40fa-99a7-e749b8feb0a0 #********** undefined
22 December 2020
Supply@ME Capital plc
(The "Company" or "SYME")
Captive Bank update: Quadrivio Group named
Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to manufacturing and trading companies, is pleased to provide the following update on its Captive Bank Inventory funding project.
The SYME platform aligns Client companies (manufacturing and trading companies) seeking to monetise part of their inventory for cash, with Inventory funders (banks, financial institutions and investment funds). The Inventory funders invest through the SYME platform into portfolios of inventory assets through Securitisation Vehicles.
The Company announced on 21 September, 2020 that it had entered into a strategic agreement with a leading European Alternative Investment Firm ("Financial Partner") and SYME's shareholders, 1AF2 S.r.l. and The AvantGarde Group S.p.A. ("Co-investors") to acquire a bank in Europe. Following its acquisition, the Bank will remain independent of SYME, being owned by the Financial Partner (who has committed to recapitalise it) and the Co-investors. SYME will not be a shareholder and has no costs associated with the transaction. It will, however, be the main commercial beneficiary of the acquisition which will provide funding through the Platform, via a novel "banking as a service" model.
The Trading Update on 30 November 2020 stated that the parties' objective is to complete the acquisition and the authorisation processes regarding the banking license during the first quarter of 2021. This timetable remains on track.
The Company also stated that it would provide details of the Financial Partner and its market position, once the acquisition was sufficiently advanced. The Company is now therefore pleased to announce that the Financial Partner is Quadrivio Group ("Quadrivio").
Quadrivio is an alternative investment firm with a focus on Private Equity, Private Debt and Managed Accounts. The Firm has cumulatively raised and managed more than €2 billion from both Italian and international institutional investors.
The Quadrivio fund "Industry 4.0"[1] will invest in and capitalise the Captive Bank.
The Captive Bank's objective is to be a cornerstone investor in SYME's wider Inventory funding programmes working alongside all of Supply@Me's Inventory funding partners. In this regard, an update on the Company's first securitisation issuance is expected before the year-end.
Alessandro Zamboni, CEO commented "I'm very excited to finally disclose to our shareholders this strategic alliance; Quadrivio Group is the right Financial Partner for this highly innovative banking project. Leveraging the vast client network that the Industry 4.0 fund has internationally, the impact of the Captive Bank is expected to be transformational for Supply@ME and its access to Inventory funding capital."
I still believe we are due a full years earnings report tomorrow as stated here
https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=sum&SecurityToken=0P0001JILG%5D3%5D0%5DE0EXG%24XLON&Id=0P0001JILG&ClientFund=0&CurrencyId=BAS
i believe this date to be true as it lines up with the last previous key date on 30/06 of half year results.
Year end was sep 20.
Yes i know the supply@me website shows jan
I may be wrong, but we only have less than 24 hours to go to find out.
FY20 results may not give us the special news we are all hoping for but I am hoping for some positive numbers and some updated info on the share holdings.
See you in the morning
Right then, the key dates.
Taken from the interactive investor website as a fact sheet provided by morning star. The pdf is on Twitter.
30/6 half year interim results duly posted with RNS. Read that RNS and it clearly says half year results to 03/20.
Therefore the next date 14/12 ie this Monday will have the full year results as the FY20 ended sep 20.
Just been perusing through the ii stock screener and on the PDF in conjuction with Morning Star i found the following key dates..
Half-Yearly Results 30/06/2021
Annual General Meeting 29/01/2021
Annual Report 31/12/2020
Final Results 14/12/2020
Half-Yearly Results 30/06/2020
I hope these are acurate