Business
Update on Business Operations
Update on Business Operations.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2662A\n Supply @ME Capital PLC \n 28 September 2020\n \n \n \n 28 September 2020\n \n Supply@ME Capital plc\n (The \"Company\" or \"SYME\")\n Update on business operations\n Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to European manufacturing and trading companies, is pleased to provide an update on its Client company origination.\n The SYME platform operates by aligning Client companies (manufacturing and trading companies) seeking to monetise part of their inventory for cash, with Inventory funders (banks, financial institutions and investment funds), that invest through the SYME platform into portfolios of inventory assets via Special Purpose Securitisation Vehicles.\n \n Client company growth\n The Interim statement released in July 2020 (\"Interims\") detailed the increasing demand for the Supply@ME Inventory Monetisation© service. This demand has continued to grow.\n \n \n \n Value (Euro)\n \n \n Dec 19\n \n \n 31.3.20\n \n \n 30.6.20\n \n \n 30.9.20\n \n \n \n \n Gross origination\n \n \n 972m\n \n \n 1.22bn\n \n \n 1.43bn\n \n \n 1.64bn\n \n \n \n \n Number of client companies\n \n \n 66\n \n \n 82\n \n \n 97\n \n \n 142\n \n \n \n \n By the year end, on 30 September, there will be 142 Client companies, originated in Italy (up from the 97 announced in the Interims). The acceleration in the number of corporates ready to be served is a result of the re-opening of activities in Italy post the COVID-19 lockdown, combined with the positive reaction from Client companies to the progress that Supply@ME has made with its Inventory funding. \n Additional Client company demand has been created by:\n - the EPIC fintech platform alliance announced on 4 September which has delivered 19 Client companies into the Inventory Monetisation programme (included in the above table), and\n - as announced on 27 July, the pool of 272 companies originated by one of the two Italian \"Self-Funder\" institutions that has resulted in the initial selection of 29 corporates upon which due diligence will commence.\n Portfolio core sector analysis:\n \n \n \n \n Sectoral concentration\n \n \n %\n \n \n \n \n \n Materials\n \n \n 21.4%\n \n \n \n \n Capital Goods\n \n \n 21.3%\n \n \n \n \n Retailing\n \n \n 1...