How to Buy Syme Shares UK
Supply@Me Capital Plc, also known as Syme is a fintech company that focuses on providing inventory monetization services to companies. In this guide, we will take an in-depth look at How to purchase Syme Shares in the UK. We’ll also explore the company’s share price history and its financials.
How to Purchase Syme Shares UK
For investors looking to purchase Syme Shares UK, you will be interested on finding out the steps involved in purchasing Syme Shares. In this example, we provide a step-by-step analysis on how to purchase Syme Shares in the Uk.
- Step 1: Open an account – Head to the website of your chosen brokerage and begin the account creation process. You may need to provide a valid email address, username, and password to sign up.
- Step 2: Upload ID – Your driver’s license or official passport is needed to verify your account. You will also need to upload a proof of address (a recent copy of a bank statement or utility bill) reflecting your current residence.
- Step 3: Deposit – Fund your account through credit/debit card, bank transfer, or e-wallet with at least $50 minimum.
- Step 4: Purchase Syme Shares UK – Type the company’s name or ticker symbol in the search bar and hit the ‘Trade’ icon. Input the amount you’d like to invest and click ‘Open Trade’.
Step 1: Review Stock Brokers
Users in the UK may want to begin trading with a popular stock brokerage. There are many brokers out there, all offering different services and fees.
In the sections below, we review some of the stock brokers that allow users to invest in Syme shares in the UK.
Italian bank and broker, Fineco bank is another broker which gives users options to multiple stocks and Syme shares. Fineco bank is regulated by the Italian Market regulatory authority CONSOB and the FCA.
It also has a wide selection as it offers users more than 10,000 shares to choose from. Users can also pick from nearly 1,000 ETFs, thousands of bonds, and stock options. Like eToro, Fineco Bank also offers commission-free CFD trading, although this is only available for a limited selection of around 850 stocks. It offers low stock and ETF commissions trading as well.
Fineco Bank delivers on leverage and short-selling facilities when trading. Fineco bank offers maximum leverage of 1:30 on major forex pairs, followed by 1:20 on gold, major indices, and minor/exotic forex pairs when trading CFDs. For stocks, Fineco offers leverage of up to 1:5. Additionally, Fineco Bank allows you to short-sell assets.
Notably, Fineco is a low-cost broker, it charges low non-trading fees, including no fees for inactivity, deposit, or withdrawal.
67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Research Syme Shares
Supply@ME’s fintech solution for inventory monetization is a ground-breaking innovation. Meanwhile, before investing your funds into the company, it is important that you research the company. To streamline this process, we highlight key details about the company alongside its financial track record.
What is Syme?
SYME is short for Supply@ME, and it was founded in 2000. Operating as a fintech firm, Supply@MESupply@ME enables companies to monetize their stocks to special purpose vehicles owned by the company. The Supply@ME platform has the added advantage of allowing these companies to simultaneously keep these stocks on consignment and sell them off to end customers when the lease date is up. This way, companies can generate working capital while they custody their assets, creating a whole new asset class for investors.
The Supply@ME platform allows the coming together of both funders, through a securitization scheme, and companies globally. It works by pairing special purpose vehicles (stock companies) that are commercial counterparties of the manufacturing or trading companies. It achieves this feat with the combination of several risk analysis methodologies and exponential technologies.
Some of such bespoke technologies are blockchain technology and enterprise resource planning (ERP), alongside the internet of things (IoT) and bank application programming interface (API).
Each consigned asset is denoted with a representative tokenized certificate that shows that it is generated for the company. Companies can also continue their normal operations via the Supply@ME platform, and once the asset is repurchased, the representative certificate is destroyed, and the company can transfer ownership to an end customer if they choose to.
The company has seen much adoption and has generated $2.13 billion worth of prospective contracts, and currently serves thirteen separate industry sectors. So far, 2 million investments have been made, and it is adopted in four distinct regions.
In April 2021, Supply@ME announced that its gross origination of client companies had increased by 13% in Q1 than the previous year. This saw its client list shoot up from 82 last year to 187 in March this year. This positively impacted the inventory value on its system, rising from €1.22 billion to €2.4 billion. Supply@ME has also been making strategic partnerships. Towards the tail-end of last year, the company entered into a strategic agreement with a leading European Alternative Investment Firm named Quadrivio.
The collaboration is focused on investing and capitalizing on Supply@ME’s Captive Bank. It has also signed a Subscription Agreement with Negma Group Ltd, an investment fund for small and mid-cap companies, for the issuance of £5.6 million to scale the business and realize planned strategic initiatives. Another strategic move saw Supply@ME sign Heads of Terms for the acquisition of Singapore-based TradeFlow Capital Management Pte. Ltd.
SYME Share Price
Supply@ME made its debut on the trading floor of the London Stock Exchange (LSE) in March 2020, but so far, it has had a really busy 18 months. Making its debut at £0.80 on August 18, 2020, it dipped to £0.61 two days before rallying to £0.75 on August 24. Denoted with the SYME ticker, the share price has been mostly busy, with the inventory-focused business experiencing wild price swings.
67% of retail investor accounts lose money when trading CFDs with this provider.
Meanwhile, it has not reached the £1 mark, and its highest share price so far this year came in January when it traded at £0.64. At press time, SYME is trading at £0.32, down 4.22% in the last 24 hours.
SYME’s poor performance can be attributed to its ill-fated debut during the coronavirus storm, which closed all business activities in the world.
SYME Shares Dividends
Dividend payments are a major draw for several investors. The more a company grows, the higher the dividends investors receive for holding their stock. This generally enables the company to raise more capital without taking on more external loans. Supply@ME does not pay dividends to investors. This would likely be because it just became a publicly-listed company last year.
SYME ESG Breakdown
Environmental, social, and governance (ESG) factors are becoming increasingly important in investor behavior. The highly-rated analytics website CSR Hub is a popular reference for ESG-related data. Supply@ME’s ESG data are unavailable at the moment, and this is because the company only went public about a year ago.
Are SYME Shares A Valuable Investment?
Supply@ME’s value proposition of creating a working capital for companies to cash in on some of their assets will make it a possibility to see more adoption as struggling businesses seek out revenue sources due to the impact of the coronavirus. The blockchain-centric business has built a solution around the buzzword for this year – ‘blockchain technology.’
SYME share price has been on a downward spiral with intermittent bouts of rallies. As with all investment decisions, you will need to decide if the company is a valuable investment or not. Users should conduct the necessary research to guide your investing decisions.
Step 3: Open an Account & Purchase Shares
Having covered all the relevant information on Syme shares, you should be able to make a decision on whether or not you want to invest in these shares . In order to connect you to a stock exchange, you need to trade through a broker.
Here is how users may invest in UK shares with a suitable brokerage:
Step 1: Create an Account
Navigate to the homepage of your chosen broker and begin the sign-up process. On the signup page that follows, simply enter your personal details and choose a username and password.
Step 2: Verify your Identify
To verify your identity, simply upload proof of ID (a copy of your driver’s license or official passport) and proof of address (a copy of a bank statement or utility bill). Most brokerages only require these two documents to verify your account.
Step 3: Make a Deposit
You will need to make a minimum deposit which can begin from $10, if you choose a suitable brokerage in UK. Here is an example of some of the payment methods which may be made available to you on a suitable brokerage:
- Credit card
- Debit card
- Bank transfer
Step 4: Purchase Shares
Once you have made the deposit, you may now invest in any shares you want. To do this, type the name or ticker symbol of the company you want to invest into the search bar and enter the amount of cash you wish to deposit in the trade.
In this guide, we have reviewed Supply@ME and the company’s financials and historical price. We have also reviewed some of the popular brokerages that allow you to invest in the Syme stock.
Users should make sure to conduct their own research and analysis prior to making any investment.