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101% thaw lol ;]
JjAbaham - Amazing how we can get things wrong even after doing them successfully hundreds of times isn’t it? Hahaha
Lol thaw your math
It will rise way higher than 40p buddy as it is a significant milestone
Franky - LOL that’s me told. Good thing we’re better at investing and making returns.
But yes, we are on the same side with outlook! :)
Um thaw its only a 50% rose to 40p and 126% to 60p but i get you...i think we re getting each other on team Amigo!-)
Franky - is SP “crashes” 80% from current close, that’s 14.7p...nowhere near the 8/9p (although might drift there).
Upon successful vote and depending on floor SP on the day, Amigo could see 40p (150% from 26.5p) - 60p (+226% from 26.5p).
If some dafty is willing to sell there shares after vote and court news, I will be more than willing to scoop up the plonkers shares. I'll never be rich from this but it'll help me not be poor
Dead very? Meant dead cert!
I’ve been in Amigo since last Summer but have stayed out of discussions since the shenanigans of 2020 and focused on other shares. I have a nominal investment and I believe it’s worth the risk - I can’t see the vote going against acceptance of the proposal frankly. Of course the risk is there but in this day and age there is no such thing as a dead very!
I agree Franky!
I agree with the mindset. I m thinking 'what ifs' if the vote goes the wrong way, i imagine it ll be impossible to sell above 10p. SP would crash to 70-80% on the day to 8-9p. Unlikely.
Court don t sanction what the customers want..near on impossible but same as above.in that scenario.
FCA being so penal that we can t do business still. If so we d see a 30-40% down day whilst removing the roadblock.
I d say all in all, we ve gone from a 60-40% survival chance in Jan to about 90-10%.
Good to hear Franky but I still see that as a concern until it’s announced. But like I said earlier I’m always looking to how I could get shafted :D
All I’ve got right now is.
A. The vote going against us ( unlikely)
B. The court refusing to sign off on it after DC woman’s pleas to the court re fairness etc etc ( even more unlikely)
C.Excessive fine from FCA ( unlikely)
That’s it! Cross those of the list and we are good to go!
If we were made to keep aside a capital buffer by the FCA as you say then it would only take away from our pretax profits, thus harming the redress pot?
Rest assured mark, any fine will be proportional and balanced. Number one FCA concern right now is balancing consumer protection with the needs of the economy. As per Risk Director of major credit referencing agency telling me. They are acutely aware that they need to get the balance righrt, so mega fines won t be landing. As i ve said the likeliest action will be a capital buffer we are asked to accrue should we fall foul of the rules in the future. FCA will ensure we have a pot available. This may be another 10% of profit put aside. Even with 25% tied up this is still a major opportunity for amigo 2.0 to shaft ooops i mean serve customers.-)
Thanks mark informative as always.
Jjabraham whenever the news is announced the market will react pretty instantly. I reckon intraday rns on the 12 th is possible but more likely a 7am rns on the 13th the court hearing in the 19th will be the official sign off, so anyone planning to sell the news ( I’m not btw ) that will be the window for selling and buying back. In my opinion a wee bit to risky of being locked out. 13th rns followed by court hearing 19th will be swiftly followed by the lifting or adjustment of vreq and announcement of plans to return to lending that will be also followed by the renegotiated banking arrangement with RBC or someone else. We’ve then got the rollout of Amgo 2.0 that will follow it will be a very news heavy month and Amigo shares do like an auction when the volumes are high. The only fly in the ointment if the vote does go the way we hope is the FCA fine. My thought on that is they may hit Amigo very hard on that score in order to press home the point that they didn’t let them off easy … but we will cross that bridge when we get to it.
Isa I managed to avoid SXX TCG NMC and FIN I did make quick trades in all of them but the writing was clearly on the wall with those so in and out trades.
Mtfb … well you know, one minute it was gonna be great …. Then it wasn’t !!!!! Just gotta wait and see what the rto brings now ( I’m hopeful)
Debenhams who would have thought the board would rather go for admin than take a bailout on the condition that MA became ceo ????
G3e isn’t completely sunk but it’s in liquidation hopeful of a return but I did remove my original investment so that one is more a case of missed profits.
Mark, are we expecting on the 12th at 5pm or 13th at 7am..? I assumed due to live talks it will be before close on 12th. 5 hour meeting from 10am means a probable runs before close potentially.
MTFB, SXX, FRR... There have been some shockers in my portfolio! I still check in on the MTFB chat, waiting on the RTO, but I don't contribute... nothing to say, really! Same with FRR, albeit that chat can still be interesting to read with all the court shenanigans! AMGO is a shining light! And who'd have said that 6 months ago?!
Jjabraham. Agree about the gap up and resistance if all goes to plan a 7am rns that day will cause huge gap up anyone trying to buy then … good luck with that! Anyone who’s been here the last year know I love to trade in and out and take profits but I know full well you won’t get back in if your out so I’m gonna be sitting on my hands the next week
Chippyg. No probs I’m very aware of you guys that got caught out buying in after that initial drop only to be followed up by THAT secondary blow! I’ve had a couple of guys message me on Twitter who are in the same boat as you. Fingers crossed for us all I also know there are a couple who read this board who actually bought in at ipo and are still holding.
ISA. Re Mtfb. I feel your pain believe me !!!!! That feeling of several thousand all of a sudden worth a few hundred is gut wrenching but hopefully we will hear some positive news a bit like you I’ve learnt some hard ( never take anything for granted ) lessons.
Debenhams ( don’t get me started )
MTFB ( Just didn’t see it coming )
G3e ( i can’t bring myself to talk about it )
So as you I’m instantly looking at how I could be about to get screwed over and treat something that looks nailed on with even more scrutiny.
I can only see SP rising on good news. I can’t see mass sell off as if all goes well then just a waiting game before re-lending announced.
What is interesting if most thought this share would go nowhere until the vote decision and that’s proved to be wrong. Personally I think yes vote already priced in to some extent.
Not a chance this will drop on good news it will gap up to 60p / 72p resistance range. It isn’t a case of good news it’s company resurrection news atrades. Anyone doing what you suggest is simply a short term trader but many of these guys are here long haul and banked their capital ages ago.
Who’s letting it ride ? I think the sensible withdraw Tuesday , pile in a positive vote / court appearance.
I think we will touch 30 mon but then capital will be protected . I look back at expected results on many companies I’ve invested in and all fell short and we see a drop. Even good results the sp has dropped. Kicked myself for not getting out before. Might have to listen this time.
What do we think the mark up will be re a positive vote ? Still got the court hearing to get through too. For LTH it’s worth staying in Ofcourse however those recently buying in will prob take profits. We all love a gamble but majority of times it never plays out how you expect or the market tries it on.
What’s everyone’s thoughts ?
Nice one mark nice to hear someone considering lth bought in august 19 and thought all hope was gone at 6p . Fingers crossed for a positive outcome. I’m just as excited about getting some money back as all you guys making so much !! Good luck s as ll whatever your position.