Supply@me Capital Share Discussion Threads

[valuetracker] 14/3/2021 20:18

Another broken promise I reckon. No doubt AZ will blame COVID.

[stark industries] 14/3/2021 20:17

RE:28/09/2020 RNS "The first portfolio Inventory Monetisation is expected to complete by the end of October 2020 ", "The next securitisation programmes for delivery by 31 March 2021 " Therefore, SYME chose to announce RNS on 2 Inventory Monetisation before the end of this month.GLA

[stark industries] 14/3/2021 20:16

RE:28/09/2020 RNS "The first portfolio Inventory Monetisation is expected to complete by the end of October 2020 ", "The next securitisation programmes for delivery by 31 March 2021 " Therefore, SYME chose to announce RNS on 2 Inventory Monetisation before the end of this month.GLA

[stark industries] 14/3/2021 20:16

RE:28/09/2020 RNS "The first portfolio Inventory Monetisation is expected to complete by the end of October 2020 ", "The next securitisation programmes for delivery by 31 March 2021 " Therefore, SYME chose to announce RNS on 2 Inventory Monetisation before the end of this month.GLA

[extrader] 14/3/2021 19:55

.."As AZ has said I don't think new clients is an issue, I am sure the stakeholders Syme is working with will have a contact list of any potential Greensill opportunities..."

The only Greensill opportunities of interest/relevance to SYME are potential funders : SYME has a pipeline of prospective borrowers that it hasn't satisfied in a year because of A LACK OF FUNDING. It doesn't need more customers.

Mos of the current Greensill lenders - if they haven't already lost money on Greensill - will be thankful that they've dodged a bullet...and will be hesitant to go into a new venture in supplychain finance sector.

Wouldn't you, however attractive it may be ?

Meanwhile, US interest rates are on the rise, lessening the pressure on 'yield-hungry ' investors (SYME's target funders)to 'take the plunge'.

These recent external factors (Greensill and macro environment) are not helpful to SYME's cause.

IMO

[extrader] 14/3/2021 19:53

That's an interesting speculation !

Very 'interventionist' I'd have thought.

Mind you, with the 'going concern' assessment by directors being explicitly predicated on SYME actually doing business ie finally getting some funding, that would be an interesting way of forcing the issue.

Can't see the FCA having either the 'smarts' or the 'cojones', myself.

[monkey puzzle] 14/3/2021 19:44

Go to bed two faced liar troll

[pwhite73] 14/3/2021 19:43

stark industries - "For those that still don’t fully understand the Syme model"

There is no SYME model. I would also speculate that part of the condition for having the suspension lifted is that SYME like Amigo cannot write any new business without the explicit permission of the FCA.

[hodhasharon] 14/3/2021 19:27

Tumbleweed as usual!

[hodhasharon] 14/3/2021 19:02

“Syme employs risk assessors who have a strict criteria when performing due diligence on the company.”

No SYME risk assessors on LinkedIn. Maybe these risk assessors are one for the future? People-heavy business models typically come with a sizeable burn-rate, especially in this case where a global footprint is planned.

A 1 Million Dollar loan would result in a 20k fee for SYME. You’d have to flog a few of these to fund a battalion of risk assessors.

Am I wrong?

I genuinely don’t see how this is the unicorn you think it is.

[hodhasharon] 14/3/2021 18:49

“They do not take on companies with a bad credit history.”

“This in turn would give them a better credit rating.”


“but the company keeps the stock in their warehouse and can still sell the stock. ”

“SIA monetise the assets by tracking their movement and always make sure assets are there for the funder as collateral.”

[stark industries] 14/3/2021 18:46

For those that still don't fully understand the Syme model. It is about providing immediate working capital to companies. It is a very simple model where Syme are the middle man between the borrower and the funder.Syme employs risk assessors who have a strict criteria when performing due diligence on the company. They do not take on companies with a bad credit history. Syme receives an upfront fee of 2% (non-returnable) if the company passes the due diligence process the funder then lends money to the company based on the valuation of their stock.The funder then owns the inventory, this is known as a true sale, but the company keeps the stock in their warehouse and can still sell the stock. The company has to pay back the funder over a 3 year period this includes a rolling 3 year interest. Syme also takes an annual 2% net fee (3% if done through the captive Bank) costs are small to Syme.The money that the company is lent does not show as debt on the balance sheet as it's not a loan because the funder has actually purchased the inventory, if this was done through a bank, it would show as debt on the balance sheet, as the money is borrowed based on assets, the bank would never own them (unlike the Syme model).The funders loan actually strengthens the company balance sheet. And gives them more liquidity. This in turn would give them a better credit rating.All inventory that is funded is recorded and monetised on the blockchain through SIA a payment services tech firm which uses a fintech platform to optimise the firms working capital. SIA monetise the assets by tracking their movement and always make sure assets are there for the funder as collateral.The company can repay the funder in full before the 3yr contract is up, or it can roll it over past the 3yr term dependant on further due diligence. Company X gets funds upfront for working capital based on its inventory, which it can in turn sell even though the funder owns them.As long as company X keeps payments up and repays borrowed funds within the 3 year time frame, it works for everyone. The Funders get a good return on lending their money for a 3 year period.The unique benefit of the Syme model is there is no risk for Syme. If for any reason Company X goes bankrupt, Syme has already been paid upfront and are not liable for any losses the funder has received X amount plus still owns the inventory which can be sold.With the model being Sharia law compliant this opens up another untapped market. The Syme model is an international scalable market place for all.

[stark industries] 14/3/2021 18:45

For those that still don't fully understand the Syme model. It is about providing immediate working capital to companies. It is a very simple model where Syme are the middle man between the borrower and the funder.Syme employs risk assessors who have a strict criteria when performing due diligence on the company. They do not take on companies with a bad credit history. Syme receives an upfront fee of 2% (non-returnable) if the company passes the due diligence process the funder then lends money to the company based on the valuation of their stock.The funder then owns the inventory, this is known as a true sale, but the company keeps the stock in their warehouse and can still sell the stock. The company has to pay back the funder over a 3 year period this includes a rolling 3 year interest. Syme also takes an annual 2% net fee (3% if done through the captive Bank) costs are small to Syme.The money that the company is lent does not show as debt on the balance sheet as it's not a loan because the funder has actually purchased the inventory, if this was done through a bank, it would show as debt on the balance sheet, as the money is borrowed based on assets, the bank would never own them (unlike the Syme model).The funders loan actually strengthens the company balance sheet. And gives them more liquidity. This in turn would give them a better credit rating.All inventory that is funded is recorded and monetised on the blockchain through SIA a payment services tech firm which uses a fintech platform to optimise the firms working capital. SIA monetise the assets by tracking their movement and always make sure assets are there for the funder as collateral.The company can repay the funder in full before the 3yr contract is up, or it can roll it over past the 3yr term dependant on further due diligence. Company X gets funds upfront for working capital based on its inventory, which it can in turn sell even though the funder owns them.As long as company X keeps payments up and repays borrowed funds within the 3 year time frame, it works for everyone. The Funders get a good return on lending their money for a 3 year period.The unique benefit of the Syme model is there is no risk for Syme. If for any reason Company X goes bankrupt, Syme has already been paid upfront and are not liable for any losses the funder has received X amount plus still owns the inventory which can be sold.With the model being Sharia law compliant this opens up another untapped market. The Syme model is an international scalable market place for all.

[stark industries] 14/3/2021 18:45

For those that still don't fully understand the Syme model. It is about providing immediate working capital to companies. It is a very simple model where Syme are the middle man between the borrower and the funder.Syme employs risk assessors who have a strict criteria when performing due diligence on the company. They do not take on companies with a bad credit history. Syme receives an upfront fee of 2% (non-returnable) if the company passes the due diligence process the funder then lends money to the company based on the valuation of their stock.The funder then owns the inventory, this is known as a true sale, but the company keeps the stock in their warehouse and can still sell the stock. The company has to pay back the funder over a 3 year period this includes a rolling 3 year interest. Syme also takes an annual 2% net fee (3% if done through the captive Bank) costs are small to Syme.The money that the company is lent does not show as debt on the balance sheet as it's not a loan because the funder has actually purchased the inventory, if this was done through a bank, it would show as debt on the balance sheet, as the money is borrowed based on assets, the bank would never own them (unlike the Syme model).The funders loan actually strengthens the company balance sheet. And gives them more liquidity. This in turn would give them a better credit rating.All inventory that is funded is recorded and monetised on the blockchain through SIA a payment services tech firm which uses a fintech platform to optimise the firms working capital. SIA monetise the assets by tracking their movement and always make sure assets are there for the funder as collateral.The company can repay the funder in full before the 3yr contract is up, or it can roll it over past the 3yr term dependant on further due diligence. Company X gets funds upfront for working capital based on its inventory, which it can in turn sell even though the funder owns them.As long as company X keeps payments up and repays borrowed funds within the 3 year time frame, it works for everyone. The Funders get a good return on lending their money for a 3 year period.The unique benefit of the Syme model is there is no risk for Syme. If for any reason Company X goes bankrupt, Syme has already been paid upfront and are not liable for any losses the funder has received X amount plus still owns the inventory which can be sold.With the model being Sharia law compliant this opens up another untapped market. The Syme model is an international scalable market place for all.

[hodhasharon] 14/3/2021 17:34

Hurry up with the bearcast Tom it’s bath time 👍

[valuetracker] 14/3/2021 17:27

They're all thick as porridge, except Henry.

[hodhasharon] 14/3/2021 17:26

The mentality of the average SYME investor summed up right there.

Sir Tom was right!

[tangerine_dream] 14/3/2021 16:49

My house number is 11 and postcode is SW1A 2AA. Come and have a go if you think your hard enough!!!

[hodhasharon] 14/3/2021 16:07

Would you all be willing to keep saying buy after Tom’s warnings if everyone could see your full name and address?

[charlie888] 14/3/2021 15:15

Would you all be willing to keep saying sell just weeks before major news if everyone could see your full name and address.

[valuetracker] 14/3/2021 14:43

That irrelevant you post messages about him every day. You can say what you like about Shoddy, but he has a knack for picking winners, albeit short term winners usually.