Supply@me Capital Investors - SYME

Supply@me Capital Investors - SYME

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Supply@me Capital Plc SYME London Ordinary Share GB00BFMDJC60 ORD 0.002P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.51 00:00:00
Open Price Low Price High Price Close Price Previous Close
0.51 0.51
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Top Investor Posts

DateSubject
01/3/2021
17:35
extrader: The wheels seem to have come somewhat off Greensill, touted by some as SYME's model (fintech ! supply chain finance ! connections ! = David Cameron, no less, as 'adviser'). https://www.irishtimes.com/business/financial-services/credit-suisse-suspends-8-3bn-supply-chain-finance-funds-1.4498200 .."London-based Greensill Capital helps manage the supply chain finance funds, originating and processing the credits which go into the funds and helping to secure investors..." about which .."In a note to investors, Credit Suisse Asset Management said that “a certain part of the subfunds’ assets is currently subject to considerable uncertainties with respect to their accurate valuation”... and there's also read-across re the vexed issue of 'first loss security' [ the ostensible reason for the 1AF2 pledge of 5.9 billion shares] .."Credit Suisse marketed the funds as ‘low risk’ investments partly on the basis that it said almost all the money was insured. Credit Suisse on Monday declined to identify the insurers or give details of the insurance. However, the insurance does not cover all losses. In accounts filed in January, Greensill said the insurance policies carried first loss clauses which meant it faced potential losses of up to $1.04 billion in the case of defaults..." That's about a 10% security margin ie as 'ball-parked' for SYME's SPCs. The regulator looking into authorising SYME's Captive Bank - if it wasn't already - is now likely to be wary about authorising the set-up as described in the September and December RNS's, which on the face of it allows the same/similar potential conflicts of interest. IMO
01/3/2021
17:19
extrader: Interesting to see that the wheels seem to have come somewhat off Greensill, touted by some as SYME's model (fintech ! supply chain finance ! connections ! = David Cameron, no less, as 'adviser'). https://www.irishtimes.com/business/financial-services/credit-suisse-suspends-8-3bn-supply-chain-finance-funds-1.4498200 .."London-based Greensill Capital helps manage the supply chain finance funds, originating and processing the credits which go into the funds and helping to secure investors..." about which .."In a note to investors, Credit Suisse Asset Management said that “a certain part of the subfunds’ assets is currently subject to considerable uncertainties with respect to their accurate valuation”... and there's also read-across re the vexed issue of 'first loss security' [ the ostensible reason for the 1AF2 pledge of 5.9 billion shares] .."Credit Suisse marketed the funds as ‘low risk’ investments partly on the basis that it said almost all the money was insured. Credit Suisse on Monday declined to identify the insurers or give details of the insurance. However, the insurance does not cover all losses. In accounts filed in January, Greensill said the insurance policies carried first loss clauses which meant it faced potential losses of up to $1.04 billion in the case of defaults..." That's about a 10% security margin ie as 'ball-parked' for SYME's SPCs. The regulator looking into authorising SYME's Captive Bank is not going to be happy about the set-up as described in the September and December RNS's, which on the face of it allows the same/similar potential conflicts of interest. IMO
25/2/2021
22:10
pwhite73: Henrycrs - Over the last two weeks my approach on a permanent delisting has softened. For in this case the shareholders are wholly innocent. There has been no warnings of poor trading. There have been no warnings of unable to meet creditor debts when due. There has been no warnings of contracts terminated. So there has been nothing from the company to advise shareholders their investment is at risk. Crowe LLP only announced the material concern basis after the shares had been suspended. It would be an absolute travesty of justice if the FCA were not to allow SYME to return and give existing investors the option to hold or sell. Most companies that get delisted have a negligible market value. As big as Debenhams were they only had a market cap of only £22 million when the shares got suspended. SYME has a market cap of £166 million - 32.7 billion x 0.51p = £166 million. That is too large a sum of money for the FCA to be withholding from innocent private investors. So to conclude I think and hope that the shares return even though I still think the whole company is a sham and I don't believe the business model will ever get off the ground but at least some shareholders are given the choice to realise their entire life's savings once again.
24/2/2021
23:24
pwhite73: Roberto - "Your misevaluating the free float as well as the holdings by insiders" I'm not sure what you're referring to. I'm only using micky's figures. All the parties he refers to are interrelated including the new professional investors. RNS 24/12/2020 - "Five professional investors (the "New Investors") have, acquired, in aggregate a 12.2% shareholding in the Company, further diversifying and strengthening the Company's investor base. Their combined shareholdings, comprising 4 billion ordinary shares, were acquired following completion of the transactions detailed below, which are aimed at simplifying the Company's ownership structure going forward:"
20/2/2021
14:18
extrader: Hi PWhite73, .."So on 07/07/2020 The Avantgarde Group controlled by AZ hands IWEP controlled by DW 5.2 billion shares valued at £25 million (no reason is given why). Then on 24/12/2020 1AF2 S.r.l controlled by AZ purchases 4.2 billion shares valued at £20 million from IWEP controlled by DW..." I think the bit you're missing is the first RNS of the 7th, which refers to AZ exercising the call options that he had with the original TAG shareholders, see hxxps://www.supplymecapital.com/wp-content/uploads/2020/03/2020_03_04_Prospectus-posted.pdf page 130. Per this , AZ could acquire IWEP's stake in TAG(41%)at an exercise price - per the Prospectus of 'market value as provided by an independent valuation expert to be jointly appointed by grantor and grantee'. In the event, they seem to have changed their minds : From the 7/7 RNS :....."Settlement of the Call Options will be in cash and SYME shares owned by TAG. The consideration element of the transaction in SYME shares has been calculated at an average of 0.48 pence per share, being the historic valuation agreed by the concert parties shortly after the reverse take-over. As a result of this transaction, the direct ownership of SYME shares by concert party members will change as outlined below, however there will be no net change to the concert party's total holding..." SYME RNS's that .."IWEP Ltd has received from The Avantgarde Group SpA ("TAG"), 5,246,223,449 ordinary shares of 0.002p each in the capital of the Company at 0.48 pence per SYME share. Meanwhile ...The Avantgarde Group SpA ("TAG") has transferred to IWEP Ltd ("IWEP"), 5,246,223,449 ordinary shares of 0.002p each in the capital of the Company at 0.48 pence per SYME share..." Apart from this 16.02%, IWEP had another 3.74% indirectly via Finance Partners Group (FPG) part of the 56.93 > 50.5 = 6.43% drop in TAG stake in Syme that was 'still to settle. So, the effect of the & Jul RNS's is as follows (IMO) : AZ increases his indirect stake in SYME via 'TAG' from original 33% to 100%, by 'buying out' his fellow shareholders. He pays IWEP with the SYME shares they ALREADY owned in TAG ie nothing. These are 'consideration shares' that didn't cost either party anything. ++++++++++++++++++++++++++++++++++++ Turning to the 24/12 RNS "aimed at simplifying the Company's ownership structure going forward: · the purchase by 1AF2 S.r.l of 4.2bn SYME ordinary shares from IWEP Ltd at 0.0048 GBP; · a merger between 1AF2 S.r.l. and the AvantGarde Group S.p.A.. The merged company will be re-named "the AvantGarde Group"; · the disposal of all of Orchestra Group's SYME ordinary shares to the newly formed AvantGarde Group; and · the sale of 4.0bn SYME ordinary shares by the AvantGarde Group to the New Investors at 0.0048 GBP based on the performance of the Company." The effect of this looks to be : - 1AF2 (owned by a 'front' trustco, Eurofinleading, merges with old TAG ( now an AZ vehicle)and is re-named 'new TAG'; this trustco reports holding down to 0%; - AZ's direct holding (Orchestra Group) is absorbed by (and disappears into) new TAG (so behind whatever trustco AZ uses - could be the same, Eurofinleading, or another); - IWEP 're-sells' 4.2 bn ie most of its 5.2 bn shares to 'new TAG' (and drops below disclosable reporting level); - new TAG resells 4.0 bn of these to 5 x new investors ( total 12.2 % but none disclosable). All of these transactions are at the same 0.48p 'valuation', the new investor basis for which is 'the performance of the company' ......???? This RNS also tells us that AZ's stake doesn't include the 17.99% pledged by 1AF2 to the 3 x stocklenders (which most people think has gone walkabout) and introduces a previously undisclosed early prepayment and cash settlement alternative to the original deal terms . Bottom line ? - IWEP/DW is nearly out; - AZ has streamlined his various holdings behind an unidentified trustco; - new investors are also behind the same trustco ; - the 18% shares attributed to the 3 x lenders don't have to be accounted for, disclosed or returned , cash alternative is OK (and SYME shares were valued at 0.1p when drawn); - the only disclosure 'tripwire' going forward is AZ's shareholding of 38.9% of SYME via his beneficial ownership of 100% of 'new TAG'. Beneficial ownership and economic interest can be very different. As the CIA supposedly has it : 'We listen to people's intentions, but we plan according to their capabilities'. All as I understand things. ATB
18/2/2021
18:28
extrader: This is gasman10/Gotham's latest contribution : ." A thought, Az has bought shares in Syme and his other company is putting money in to Syme..." Why do you persist with this rubbish, which doesn't agree with the known facts ? AZ/TAG conjured a lot of zero-cost shares 'valued' at £ 224million and used that as 'currency' to pay themselves for the RTO. They placed £ 2.2m worth with the public Placing (proceeds to SYME) and £ 40m worth (18% of total shares) in the concurrent Vendor Placing (proceeds to TAG). See the 23/3/2020 RNS ..".."the Company has raised GBP2.24 million, before expenses, through the issue of 331,604,094 Placing Shares in the Company at a price of 0.68 pence per share to certain investors ("the Placing"). A total of GBP42.18 million of Ordinary Shares were placed through the Placing and Vendor Placing with institutional and other investors..." Orchestra Group's 33.34% in TAG would have netted £ 13.3 million for AZ, IWEP's 42% £ 16.7 million for Dominic White. Most people now seem to agree that the 18% /5.9 billion shares pledged by 1AF2 to the 3 x lenders have gone walkabout, no idea who's benefited from their sale, but SYME itself hasn't. DW bought a small number for cash, then sold them shortly after. AZ/Orchestra Group picked up 4.98% /1.63 billion shares from Ceresio, but on a non-cash 'direct transfer to custody account' basis. Feel free to rebut , if you can." He's already shown that he's 'lost possession' because his reply is to 'play the man'. To paraphrase 'Crash' : 'You're an embarrassment to the board. You're an embarrassment to yourself' IMO
12/2/2021
23:50
pwhite73: Charlie888 - "Most investors can’t be bothered to post anymore" Rubbish. Most genuine investors have nothing to say because the shorters, rampers, negatives call them whatever you like have been proven right as of today. Most genuine investors will return when the suspension is lifted but until then they remain quiet and pray they haven't lost all their money.
12/2/2021
23:45
charlie888: Peaky just had a quick brisk through posts before sleep and just wanted to say , well done for putting up with all the deramping shorting morons tonight. Most investors can’t be bothered to post anymore and have let them have the threads to themselves which means their actually talking to themselves but good on you for entertaining them . See if you can keep it up all weekend. It’s very appreciated by all investors.
07/2/2021
18:47
stark industries: So the trolls are out in force again giving it large trying to put down a unicorn company in the making ... SYME.March Float article..hTTps://www.thisismoney.co.uk/money/markets/article-8138543/STOCK-WATCH-Bad-time-float-Not-says-Italian-tech-firm-Supply-Me.htmlInterview with CEOhTTps://ibsintelligence.com/podcasts/ep88-alessandro-zamboni-founder-chief-executive-officer-supplyme/SecuritisationhTTps://born2invest.com/articles/supplyme-capital-close-first-securitization/Share buyers articlehTTps://www.sharebuyers.co.uk/shares/supplyme-shares-going-for-growth-radical-shake-up-working-capital-access/Directors dealinghTTps://www.sharebuyers.co.uk/shares/supplyme-chairman-buying-shares-director-dealing/Inventory securitisation articlehTTp://www.onc.hk/en_US/non-traditional-securitisation-inventory-securitisation/Fintech Times articlehTTps://thefintechtimes.com/three-interesting-fintech-partnerships-in-abu-dhabi/In Business ArticlehTTps://www.thenational.ae/business/banking/italian-fintech-partners-with-abu-dhabi-company-on-scheme-to-offer-loans-1.1061822Abu Dhabi articlehTTps://www.crowdfundinsider.com/2020/08/165359-fintech-firm-supplyme-to-work-with-uaes-imass-llc-on-offering-lending-solutions-abu-dhabi-global-markets-also-working-on-financial-tech/amp/?__twitter_impression=trueWall Street Journal articlehTTps://www.wsj.com/articlesSyme research document link requestToday 12:38hTTps://drive.google.com/file/d/1BDJVtKyCYrAp1FSWf8sgwijsWVswJSNx/viewno one need to help any one here is the list to start with.Videos..Company listshTTps://youtu.be/lbDOgnOYRmMCompany presentation from AprilhTTps://youtu.be/DV3gC7wloLkPro Active research analyst Ed StacyhTTps://youtu.be/dTuXb6ikPHwRisk manager hiringhTTps://youtu.be/o82at1g82_oSelf funding updatehTTps://youtu.be/8_CfiQtFceY£8bn Bank VideohTTps://www.proactiveinvestors.co.uk/companies/amp/news/929672?__twitter_impression=trueCompanies and partners we use..SIA PaymentshTTps://www.sia.eu/en/IBM ledgerhTTps://www.ibm.com/blockchainStorm harbour for SecuritisationhTTp://stormharbour.comGordon Brothers for resale of bad inventory if needed.hTTps://www.gordonbrothers.co.uk/expertise/assets/inventoryEPIC partnership..hTTps://www.ig.com/uk/news-and-trade-ideas/supply-me-capital-stock-could-rise-amid-institutional-interest-200916Wine Article..hTTps://winenews.it/en/wine-if-the-warehouse-turns-into-economic-liquidity-without-opening-credit-lines_417592/Armchair InvestorshTTps://www.thearmchairtrader.com/supplyme-capital-changing-inventory-into-an-asset-class/Fintech futures article - The need, Wind in the tail..hTTps://www.fintechfutures.com/2020/05/why-alternative-lending-will-be-essential-to-save-uk-smes/In Business - Fintech and ESGhTTps://www.thenational.ae/business/banking/sukuk-market-to-lag-2019-performance-on-lower-corporate-issuance-1.1081806The trolls / nay sayers are paid to post negative posts. They work for some massive shorter. Even their budget is optimized these days. They post only when there is a possible reward like weekends and when RNSs are not expected.Sure they are committed to de ramping for a reason even if it is not their own.when syme is restored avoid to sell the first trading day, SH is likely to fellow soon. keep your head above water.
01/2/2021
18:02
nextlink: mickj3 I see you were warning investors over a month ago and have done considerable digging to present the evidence. I had a glance at SYME back in October I think, didn't like what I saw and kept away. Like you I dislike the spivs who have through a very sophisticated Social Media campaign suckered in so many Private Investors. What fascinates me is the overwhelming belief, contrary to all the evidence that there are huge shorting positions. As you say the holders at listing have been dumping from the off.
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