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I believe these are the stages
Now - 8p
FCA agree the Scheme - 20p (Jan)
FCA allow lending - 25p
Court agrees SOA - 30p to 40p at least (June 22)
Rights Issue in September 30p
One year from now and 6 months after Right issue - 50p to 70p
Comments?
More good news dilution a year away
Calm down, calm down (in scouser accent)
In the Financial Times "
The company also plans to raise equity, which would likely mean a share dilution that would lead to shareholders owning a “smaller proportion” of the group if they do not take up their rights.
Jennison said such a measure was at least a year away, and that in the shorter term, the company could start low-scale lending without raising additional debt.
SO YES, A YEAR AWAY. In that time the share price will increase due to FCA agreement, Court saying Yes and then rights issues, when all hurdles have been jumped.
amigo makes the front pages of tomorrow's financial Times,
At last we are going up in the world!
Jimmy- maybe then, JB should take responsibility for this mess, but I’m not seeing him being chased down. Maybe previous shareholders should be responsible, not seeing them being hunted down for turning a profit. Yes, we are all responsible in a way but ultimately everyone is responsible for their own actions. I will accept my loss if claimants accept theirs, yeah likely.
Once they have the FCA giving the ok, they will publish the rights offer '(as said in the webcast). When this happens the price will move alot higher probably 20s or 30s will they publish the rights offer.
They won't do it until until FCA gives ok.
I think they should set the rights offer after the FACE and court hearing. This will provide a price of at least 30p
Cookie - I’m sorry you’ve lost £75k. That’s a lot of pain. But whilst bemoaning customers who you suggest don’t take responsibility for their decisions, you’re refusing to take responsibility for yours.
You chose to buy and hold stock in a company (and a sector) that was incredibly badly run. High risk or high return. By Gary’s calculations, the firm you chose to invest in owes £350m to vulnerable customers. By James Benamor’s calculations, Amigo owes over a billion.
In other words, the company you own shares in is broke. You are lucky your shares are worth anything and it’s only because of the FCA’s complaints moratorium that Amigo is still ticking over.
If you are sitting on a loss that big, you are in a minority. James Benamor held nearly two thirds of the stock until the lending / complaints issued were well out in the open. Anyone who has bought or topped up in the last two years has done so with no excuse for not knowing the risks.
To put it another way the 300 million to be raised from new shares and debt equates to 63p a share. So it would be no surprise if 40p per share is the rights issue. The number and price will be whatever can be fully underwritten as a discount on the share price at the time, for example:
The right to buy 8 shares per 1 owned for 5p, 4 for 10p, 2 for 20p etc.
Still struggling to get it……. As a LTH sitting on a loss of £75000, I’m expected to put more into the pot to give to the unwashed who through lies and deceit have managed to somehow get their money back and keep the gear?? they spent it on. Good old Blighty, F@@k the working class over again. You couldn’t make this **** up.
Truth factory you definitely live up to your name but shhh people here don’t want to hear the truth their to attached, their doing the same as the captain of the titanic.
I can see some good new a pump to about 20p and then a ri at about 16p for share holders. So might actually be better to buy now at under 8p
lol spadger :)
Feels like it !
To be honest a ri would be a good sign. Raising money means they have a plan moving forward. I was waiting for this and did mention it about a year ago. As my amigo holding are now free due to day trading I would be happy to take up my full offer and maybe a little more. What price and how many share do you think will be offered?
you must have been here decades! :)
My initial
Investment was £12000, it’s now worth little over £2000. I know there’s many in here with seriously more than that. This to me is a little pot to pay my mortgage off. Dilution ? Most of the shareholders have already lost out on there investment.