The [email protected] Capital PLC (LON: SYME) share price surged 33.3% after TradeFlow Capital Management’s 4-year senior note was listed on Smat, a leading Swiss wealth management platform.
The senior notes were issued by TradeFlow’s CEMP USD Trade flow Fund and arranged by Conduit Securities Pte Ltd.
Investors cheered the move that lends further credibility to SYME’s inventory monetisation business model, which has attracted some critics.
The listing of the notes on the Smat shows that Swiss investment managers are willing to support the company’s funding needs by buying the senior notes, indicating that they are confident in the firm’s prospects.
Dr Tom James, TradeFlow Capital’s CEO and CIO, said: “The issuance of this senior note on Smat further consolidates TradeFlow’s mission of supporting SMEs as they recover from the Covid-19 pandemic and will ease barriers of entry for investors seeking to enter the trade finance space.”
Anthony Toboul, Smat’s CEO, said: “We are delighted to welcome TradeFlow to Smat. Tom and his team are reinventing commodities trade finance through their unique non-lending approach. Thanks to its all-in digital platform, this trade finance fintech answers in a scalable way the massive financing gap problem experienced by SMEs in the sector, hence making a difference in impact investing.”
Benoit-Gilles Cambier, Conduit Suisse’s CEO, said: “We were pleased to introduce TradeFlow Capital to Smat since TradeFlow’s differentiated approach to trade finance aligns with both Conduit’s focus into innovative alternative investments and Smat’s digital approach to distribute them to the Swiss wealth managers. The innovative investment strategies pioneered by TradeFlow is representative of the type of thinking that will help companies thrive in the post-pandemic global economy.”
SYME shares have fallen 43.98% in 2022, bringing their total losses over the past year to 83.74% after some of its crucial milestones were delayed due to factors beyond its control.
However, SYME’s management expects to register better performance this year.
*This is not investment advice. Always do your due diligence before making investment decisions.
SYME share price.
[email protected] Capital share price surged 33.3% to trade at 0.12p, rising from Thursday’s closing price of 0.09p.
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