The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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GLA I’m out! Not just out but out out! Been a good ride. In my opinion the FCA are holding them between a rock and a hard place now, they want EVERY penny for the redress and on the other hand won’t agree to their new lending unless they have the required funds #CRAZY situation now. IMO their is still a slim chance of revival although it’s been a winding down process IMO for the last 2yrs. All the best and truly hope all comes good for you all LTH
Thanks Mark, i wouldn't how to know to play those kind of games, and its unethical , but for some the word is not part of their understanding.
Whilst cautious i'm thinking of a positive outcome
No cardinal I wasn’t implying that at all.
Just pointing out that I’ve seen it done on other shares.
Hi Mark, was your comment implying it was myself ? if so, your totally wrong , if not no problem.
The Fca stating that they would not allow relending until the court has sanctioned a new scheme has sadly pushed this months away now. The SP will be pretty static for a while but nothing to do but wait it out, still hopeful it can be sorted though.
Someone with a free trading account trying to get the rumour mill going! Seen it before.
Morning Stevie , tbh i'm not knowledgeable enough to give you a considered /precise answer , my understanding is as i stated earlier . I guess we will get another indicator today, if there is something brewing
For others, No ramping/deramping is intended by this comment - totally Neutral
Cardinal, what is the 1,2 shares all about?
I noticed some nice buys coming in but then the 1,2's?
There was an interesting spike towards the end of the day.
Buying 1, 2 shares is usually a signal , is something brewing.???
Hi no need for apologies, in my early days i did endorse his strategic vision, had exchanged emails with Amigo on travel of direction, however, i wonder if something went wrong along that road.
Whilst it looks good employing new Staff many on high salary, I am concerned that if it went the wrong way ( unthinkable) , these staff would surely be transferred on TUPE grounds so only real losers is us.
I might write to them tomorrow and of course they wont confirm any specific point, and no doubt I will be called me a few names by some on here , however , at least my email will be recorded and be used in any Class Action.
I hope we never go don't go down this road. GLA
Hopefully all we shall have some news over the next few weeks
Cardinal59 - Apologies, I didn't realise you were applauding Garry. My remarks were not aimed at you in any way.
Usernames I understand your comment. I'm not endorsing anything this management team, they have lots of questions to answer on their strategy . I'm fully aware i was applauding Gary's strategic vision a few months ago.
I'm still keeping the faith, however concerned.
Cardinal59 - I'd ordinarily agree but it wasn't Counsel's idea to put the sword of damocles before creditors. Amigo management took that decision, all by themselves. I suspect that Counsel might suggest the old saying about being unable to polish a certain something might have applied.
Anyway, what's done is done. But let's not big up the Amigo management team until after they've delivered something worth celebrating.
Not sure i agree with you Usename, that's harsh . I think the lawyer was not prepared properly and should have robustly challenged FCA assertions. The Mgt team have to take some responsibility though.
C'mon, let's be honest. It was a strategic FkUp of epic proportions by a management team that should have known better.
I'm hoping that we have some credibility left with the FCA and can turn this back around. GLA.
You may to fight a battle more than once to win it....
Jennison ^
Magpies1862 - you have more faith in Mr Jennings than I do. Wasn't he at the healm with SOA v1...? Didn't strike me as a man who knew what he was doing.
The situation with Provident is different & certainly won't be setting any precedent!!
Provvy have already thrown in the towel and discontinuing their 'door-step' lending business.
Since it's other business assets are cleverly ring-fenced the FCA can't touch them and the FCA knows that it's 'big-stick' approach won't work, but as Amigo want to carry on trading then the FCA knows it can flex it's muscles and play hard ball.
The situation hasn't changed.... Amigo has to be seen to be "playing fair", get the FCA onside and present an acceptable SoA2.
Mr. Jennison knows what needs to be done. Let him get on with it.!!
Management manage.
Shareholders hold shares.
GLA
Since the high court hearing of provident’s SOA was on Friday. Doesn’t it seem likely that Amigo decided to wait until this had concluded before contributing more information. If the precedent is set one way or the other then it will impact on amigo hugely and therefore amigo will have to modify the tone of its information release based on this, otherwise the SP will show a big swing (in either direction), which will irritate the FCA, Judge. Amigo has to be humble and get to court!