We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
*know
HH don't be so humble. Most of us knew you have a lot more than 10 billion :-)
HH was only joking when he said about the 9 billion shares he owns but he does own quite a lot.
HH hahaha ;-)
Also considering theres not a billion shares in issue, your talking utter *******s
Heres Hopin - So you have at least half a million quid in this, maybe 1 million, yet you dont have a TR1 like Vinson, I smell some proper bull****
Thankfully their are only 3 days trading next week so at this rate we should be able to stay above 2p for the jubilee. Hip hop hooray.
Its showing as a buy thats a first:-) and me other buy cheers.
Looks like your timing was perfection - in auction now - OVERSOLD and OVERDONE drop after such transformational and game changing news for company- anyone would think it hadn’t gone our way!
IMHO DYOR GLA BUYTHEDIP
Good buy Big Lippy nice work
IMHO DYOR GLA BUYTHEDIP
Lets see if my over half million shares comes in as a sell..bought in 5 minutes ago
‘A successful New Business Scheme will open the door to a fresh source of responsible, regulated finance for millions of people in this country who don't have access to mainstream banking. We have developed new products to serve this market in a responsible way and believe we have a valuable role to play."’
COMING SOON… and in the landscape of a new cost of living crisis - much needed and will be a growing need and a huge growth sector!
IMHO DYOR GLA BUYTHEDIP
https://twitter.com/share_talk/status/1529160344655962112?s=21&t=8Ru46Ico5YUUWUI86-Ou9g - bulletin board heroes
Chart looking great!
IMHO DYOR GLA BUYTHEDIP
@Truthfactory, mate, whilst 49% is a horrible rate to have to pay, compared to other sub-prime lenders, it is by far the lowest. At the end of the day, it's the cost of business. With sub-prime lending, the business is lending to people who are more likely to default on their loan than banks do, hence they charge that premium percentage - to cover the losses of those that do default, plus the costs of keeping staff, advertising and shareholder divis etc. Without Amigo, there are only worse rates about. And without any of the other regulated sub-prime lenders, there's only sharks out there, who will not only cost you an arm and a leg, but take yours if you default.
Life's not fair, but people need a way to build their credit and get back to prime lenders. Amido is designed to facilitate that. Sure we don't know the specifics of Amigos new products, but Gary has told us loosely of his plans, and spoken about how all the products are designed to help people build their credit so they can get access to prime lenders.
At the end of the day, a lot of people who borrow have no clue how to handle their money. They borrow more than they can afford to pay back, and that's their decisions. can blame lack of education or whatever you want, but at the end of the day, resources are finite, and the world is not fair. There is only so much that can be done. And as someone previously said, even prime lenders typically charge more than their APRs, as these are just "REPRESENTATIVE" and very few actually qualify for those. Moreover, it's barely more than the charge of being in your overdraft.
Call it harsh, call it unfair, whatever you like. But that is simply the market, and it is that way because of risks of default. IF you don't want to invest based on that, then by all means, don't, nobody here cares about your portfolio or investing decisions. BUT bear in mind, most people here are invested, because the information they've been presented with, has convinced them that the company has solid leadership who have come up with a good model to do business with. Despite the setbacks over the last year, they've come through something that many others couldn't have done. They're now the only majorplayer in this market space, with nationwide recognition, and once FCA has approved all, with this financial climate, they are set to make even bigger business... just my two cents on this as a credit controller...
Great point @Hedged! And especially so with this roller-coaster ride of a share.
It doesn't surprise me to see investors surprised in this drop. There was too much hysteria in the court date and its always predictable that some would sell after.
Investors don't need to worry about the price, they should be focussed on what they think other investors will do instead, in economics this is called the beauty contest.
Truth then don’t invest we are not the ones who need convincing we are invested here and have done our own due diligence thanks. We don’t need any hand holding from you. And unless you’ve insider info and have seen the new product range to be launched by AMGO then silly amateur deramping quoting percentages or trying to align us with a completely different company and completely different set of circumstances and market cap!
Filter time - I’ve no time for spreadbetting nugget munchers
IMHO DYOR GLA
Well to see the shares down 10 per cent today…I am really genuinely surprised….who would have thought it…
Truthfactory - if truth be told I think you’re a little out of your depth here & it’s gone over your head - your usual nonsense spouting isn’t going to work on this board. Jog on son we’ve got this thanks
IMHO DYOR GLA
@truthfactory... your other post is priceless about Morse... "probably the same issues as Amigo"
that right there is speculation your honour :) get out lol
@truthfactory thats your opinion...
Mainstream banks wont lend to them because they have typically paid late or defaulted so as a business model a company taking on those types of clients will need to charge more to safeguard against bad debt to provide a service that is needed by millions...
you may say daylight robbery, immoral, scandalous etc but it is typically the customers that have put them in that situation not to be able to use mainstream banks.
Also more to the point you are complaining yet dont know what the new products are of Amigo... so why dont you just wait and find out instead of just spouting its not fair! be factual and fair in your views...
So you have no issues with Bank's refusing to lend to these individuals and shutting their doors to "the poor" as you describe them... but you have an issue with Amigo trying to support these individuals at rates of 49%?
Also, just because Banks advertise a particular APR, that is not what all customers receive, that is their headline rate... only particular customers meeting criteria get those rates.
Stealing from the poor. Yep :(
Im getting sick of smashing my piggy bank now they cost money.
10.49% down because of what??
Truth - then don’t invest BUT you’re really not making any sense at all…just noise!
IMHO DYOR GLA BUYTHEDIP