leadf
logo-loader
viewsupply@me

Supply@Me updates investors as it advances inventory monetisation product

Eligible client companies are ready to implement inventory monetisation, meanwhile, key remaining pieces of the jigsaw are being negotiated.

supply@me - Supply@Me updates investors as it advances inventory monetisation product

Supply@Me Capital PLC (LON:SYME) provided investors with an update as it continues to move towards important milestones in its inventory monetisation business.

The company, in a statement, highlighted that - alongside partner StormHarbour Securities LLP - it has now successfully completed the legal documentation, process definition and operating structure for a repeatable and scalable securitised investment product. 

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, it added.

Next steps towards the launch of the securitisation product are advancing and include negotiations to move from a ‘single transaction’ to a monetisation programme for the whole of 2021, representing a scale-up with a more flexible structure.

READ: Supply@ME Capital expands shareholder base

It is also working to negotiate a potential minority equity investment by an ‘inventory funder’, the identity of which has yet to be disclosed by the company.

Supply@Me highlighted that by the ‘early New Year’ eligible client companies for the securitisation product will receive formal, confidential communication from SYME disclosing the funder’s identity and subsequently it intends to disclose to the information to the market also.

Additionally, the company noted that it is also widening talks with Quadrivio Group relating to its potential involvement in all securitisation issuances for the platform.

Supply@ME, through its securitisation programme, supports client businesses by allowing them to effectively sell their stock for an immediate boost to working capital. The service is not suitable for companies in financial difficulty or those that have inventories that they are struggling to sell, the company noted.

Quick facts: supply@me

Price: 0.51 GBX

LSE:SYME
Market: LSE
Market Cap: £167.05 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of supply@me named herein, including the promotion by the Company of supply@me in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Supply@ME Capital PLC: An innovative technology platform to provide...

Proactive Research analyst Ed Stacey says Supply@ME Capital PLC (LON:SYME) offers an innovative technology platform providing inventory monetisation, which can help a wide range of manufacturing and trading businesses to improve their working capital position. He says the model is finding new...

on 05/27/2020

2 min read