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I guess no one really knows an out what’s going on with GC. But with JB s Twitter saying that Glen has invited him for a drink after the EGM suggests to me something is really going on.
You don’t have to keep it here all the time, At the current price I’m using amigo stock as a holdings bank account because I’m fairly confident it will be much higher In the long term and will likely give me a better return then cash.
If I see something else that’s dropped like a stone that I want To trade for a quick spin I take some out, if it works out I put my Money back in with some profit, Unless I want to buy something nice And I Withdraw cash out completely then it’s almost certain to Be put back in here.
But then i hedge my punts with this question in mind -
Is this new other bottomed out share worth the Short term risk of the punt, against this Which has the potential to jump 50-100% in a short time On any rns?
The answer on many (to me) is no, and That simple question stops me chasing the little 10%ers and has saved me from a lot of losers.
And be mindful that amigo is a very odd stock In a one off situation, With people gagging to buy it out, it took me an hour and a half to buy back my stock and a few extra yesterday, And at day lows 10.6p ish I still Had to pay over 11-11.4p to buy back. When you take the spreads in to account the grass has to be much greener to make it worth while.
FB research is pretty much the best thing you can do but will only give you around a 80% intake the other 20% is being blind. It makes the odds more in your favour but you must know everything you can the ups and downs and patience is the key. A lot of people have it in there heads about the 20p mark here at amigo if things go as they should Tuesday 20p will be a small step up it will then probably drop to around 16-17p as most have it in there heads to sell around 20p but there is along way above 20p I’m after here 80p is my marker and I’m hoping the little green eyed monster won’t pop in my head and go for more
I would say there is a 80% chance of reaching my 80p+ but there is always the other 20%. If there doing business it’s good and then it’s just patience. Shares will play with your mind twist it and play mind games. Set a price stick to it and if it does go up after the price you set take it on the chin as you will still be up and move on and more research. Try not to day trade as this in my opinion is risky and you only hear the stories of when I made this not about the losses that’s more of a roulette table
I do think everything here has been set in motion months in advance and Tuesday is finally here and I’ll still stick by October 3rd 23p
GLA amigos
Just remember 61% 286.7 million shares from Jb have gone somewhere now where that is the question but makes the boards shares look like peanuts
FB
That;s the lesson I've learned here
I had 350k shares at 9.5p and could of make 35 grand if i'd sold at 20p but I got carried away with JB tweeting and fomo
I held until 10.5p (last monday) sold and bought boo at 307 last Monday. Total fomo got me again Wednesday so sold half boo and bought back in lol
@seamus. I hope so, at 20p I get a couple of good holidays. at 50p it covers the wife and I salaries for a year or so, you get the idea.
@mark I did the 7dig and it went up 100% yay I sold, but FOMO got in and bought back now my small investment is down 50%
@seamus.
I think that is my problem I am not doing enough research!! So basically gambling. I also know to take a profit!
Intu perfect example - I put a small £360 into it and it went up 150%, did I sell no no, it might go higher??? Did it no!
With a bit of luck in 12 months others will be saying to FB how did you find out about that and get in so low :)
Fatbloke it’s mostly luck with those really small sp companies I’ve noticed a few that I bought for fractions of their current sp a year or two ago that have soared since 7dig being a noteable one.
FB
I read about the claims then researched Boo I'd never heard of them as I not a teenager :(
I knew about Amigo years ago as I'd sold them advertising but didn't know they had floated until I read a post on Boo, I then researched what was going on
Some of the guys here are total researchers and spend many many hours doing that.
GNC has read god knows how many books on investing
Mark is fantastic at looking and assessing opportunists and even he sometimes gets it wrong
It all about spending the time and following the process that works for you
JB did explain before That FCA approval for the directors seats is a “standard process”, He was approved before and there is no reason to not be approved again.
From what I’ve googled in the past on FCA website they need to pass Fairly simple checks this is one for example
“ What is the fit and proper test?
This is not an exam you have to pass. It is a benchmark we use to assess whether you are suitable to perform a controlled function. The most important considerations are your:
• honesty, integrity and reputation (id say JB has been one of the most honest going)
• competence and capability, and ( JB was capable a short while ago, set the company up and has highlighted many errors of current board and helped the company survive through highlighting these)
• financial soundness” (well... JBs Is basically a billionaire)
So I would say PASS to that one.
Next is Criminal records, and assuming his twitter posts have not caused him hassle this is probably a PASS too.
For anything else :
Training for anything he lacks - that can be done easily, he will be more then willing.
Conduct rules - he will have to stop tweeting in the way that he has been if voted in.
@seamus I totally agree.
What I don't understand is how people hear about the syme's etc to buy so cheap and early.
FB If you look back you'll never look forward clearly
I was in Boo when it was 235 after the FT claims of underpaid slavery *******s so IU knew it and was Always going to jump back in pre results as online has rocketed the past 6 months. I wasn't expecting the RNS yesterday as they did say it would be released with results next week
I knew the fundamentals looked good (to me) but another slavery claim would of seen it back to £2 last week
BOO is a good example of a missed opportunity. It has gone up 25% in the same period!
My point is FOMO has kept me in but with hindsight. Hindsight is a a great thing. I just need it to get to 20p
Timmy there is that but they have got guarantee on there loans as well and the 20p other by JB for 29% is not a bad fall back bet to keep it above 20p but I think we will be over that point of 20p before he starts buying so he will have to pay more in my opinion if he wants in
But main thing is on Tuesday JB in or out. I would be happy to see jb and GC in but it’s more about settlement in the business either way Tuesday will give us this now and that’s what I’ve been waiting for but don’t forget just because you default or lose your job doesn’t mean the loan goes away and they have the guarantee if this happens for a safety net
GLA and roll on Tuesday 8.5 hours of trading to go
If we don’t have a good blue day Monday then there somehow holding this back but Tuesday there will be no holding
Most of the stuff ( not all ) that I feel I missed out on has continued to drop further so if this hits 20p it will be a blessing in disguise!
FB
How many have we missed ? good question or how much more could we of lost ? lol
I was lucky and jumped back into boo
Please don't think I'm being down here. Look at it like this- If there is a new drug and you were waiting on results, or and oil field's production, If the news was bad you'd be screwed as there's not really anyway back from that
With Amigo we KNOW there is a solid business model that hasn't changed and just needs good management. I think it was 1B IPO maybe too high but compare that to 55m mcap it is today
Which ones have you missed fatbloke a lot are still in free fall, I’m eyeing up PMO if they fall further, stagecoach if they drop below 25, there are quite a few more I’m just watching over the next month I can see a few dropping more ( ones that are covid exposed), the problem is the banks probably have the biggest exposure, there’s going to be major redundancy’s at the end of October, this means loan defaults, or people declaring bankruptcy.
RockY times ahead .
JB won't of done himself any favors over the last few months on twitter with FCA and to be honest I have no idea what they will do. I'd be surprised if they said no without a very good reason as it could create a **** storm for them, like it would if they suddenly say Amigo loans are unfair as they asked them to lend to our heroes for the last 6 months.
Saying all that I personally feel claims are the biggest concern here, far more than who's in charge, But are they linked ? Do we have a better chance of getting them sorted with JB or are bod nearly there ?
This really is a punt but a life changing punt if it does go our way
It just needs to settle!
How many other trades have we missed because money has been tied up here? And the share price has been so volatile! Honestly the last month has done nothing for the share price, this share has been in its own lockdown!
Thank you seamus in my opinion that’s the worrying part.
I believe JBs already won the vote, will the fca stigmatise JB for for who he is ?? The old Amigo ( complaints )
Timmy
If he wins and if voted to CEO the FCA have a maximum of 12 weeks to approve or not
Hey Cando
Couldn't agree more
We can finally finish with this **** show and focus on the business
Go JB :)
If JB wins he’s obviously not buying straight away, I’m presuming this will be when he’s appointed ceo???
Any idea how long after he wins ???
What ever happens on Tuesday company settlement will be finally over after many many months and then we can finally get on with the company itself at long last
But go go JB team
In or out for JB this last 6 months of ifs and what’s will finally be over on Tuesday and may the SP increase and re rate