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just keep adding on the red days. within 1 month the share will go towards 18-20p, more than likely.
TDW - be cynical - be intensely cynical. Then on the other side of it you'll see around 10-12 million adults deemed "sub prime" who have no access to mainstream credit. So we capture just 5% of that market cos of all your cynical arguments and...i'm seeing 500-600,000 customers valid customers still. Now....add in a strong recovery off the back of Covid and well..its not hard to move past even the bleakest prognosis. the Amigo future is very bright. I also believe you'll see an entirely new trading brand and suite of products. Watch this space.
Baby steps will take us there
20-30p next week has to come true eventually :P Gary will get us there!
The herd will be back once they finish with Novacyt. Now many of they are there for a quick 10-20%
I hate the bun fights too, no need to antagonize and provoke people. Also detest people saying it's going to be 35p next week... on what basis?
Amigo has been a rollercoaster and a half, my heart has survived and my £30k investment is in the blue and holding. Firmly believe Amigo 2.0 will work, relending will start, and hoping the share price will adjust itself favourably to all those invested. Not going to predict a figure, just hoping this investment pays off the wait and patience most have shown!
Hi I am a first time investor but LTH of Amigo, it is like a slow torture at times! I keep having to remind myself of the bigger picture with amigo and not get caught up in the emotional attachment I think some people (especially on Twitter) seem to have. I take comments with a pinch of salt regards Amigo is rocketing etc, going to be 35p in the next few days ...
I keep thinking about what Amigo 2.0 looks like, whilst I think the new BOD will take Amigo forward how is a different question. Action speak louder than words when it comes to "We'll make Amigo great again". In the short term, why do I feel that the FCA will be watching like a hawk when it comes to Amigo not only offering guarantor loans to new customers but top-ups to their existing customers. Their business model is based on offering guarantor loans to perhaps less well off individuals and charging a higher interest to cover the perceived risk. So a potential customer has a below average credit file, perhaps below average income and incurring higher than average interest for the principal sum. i really want it to work and long term it will, just trying to balance my investor hat with my cynic hat!
Amigo has lots of positive as well all can see, how they have managed the complaints procedure and their existing market share which still remain. It really does take balls of steel to be heavily invested in this - fair play to you all and I will try to not get caught up in the bun fights!
No luck will help AMIGO...luck is for the unprepared, Mr Jennison please do us investors proud!
Yes totally agree. Well summed up.
The only slight disappointment for me is it didn’t hold 16p+. But hopefully has now stabilised and you don’t want SP rocketing on the eve of the vote. As long as it doesn’t go below 13p in meantime I’ll be relatively happy.
Wise words GG, echoing my sentiments also.
All the best. TdY
Doesnt sound that fishy Vorag...it ll be 80% minimum in favour. If more than 1 in 4 say no i prefer amigo to go bust above 200 quid, i d be beyond staggered.
I know this sounds fishy as anything Frankie but was talking to a mate about shares and he says have you heard of Amigo - so I said yeah the SOA is going to vote and he said he basically puts together SOAs for companies (not Amigo) and couldn’t see how it couldn’t go through if the vote was a yes from claimants.
i love a gamble, been holding these since G J took over , i think this will fly thats why am a LTH , good luck fellow amigos
Hi Bluesky - I know I am somewhat bullish sounding here, which rather air-brushes the pragmatic thinking going on. You are right to say that the market doesn't like the unknown and the narrative of an insolvency is going to clearly keep this in check. That is not to say this SOA can't be a shoe in at the same time. Lets just say then, that if the mgt team don't drop any major balls, the scheme has a better than good chance of approval. There is a reason why the Scheme and voting has been constructed the way it has. And I know its controversial. The reason we have paid millions of pounds in legal fees to SOA experts is so that it passes. We know all the ins and outs of it and no logic can dissuade me that the majority of people will vote no to somehow spite Amigo and not get any money. so sorry its a shoe in and ain't my issue if people can't look through the construct of it and see it clear as daylight.
Hope your right Franky, you can never tell with amigo! We're all invested here and want a rise up,but this vote is not a shoe in, if if was we wouldn't be at 14p. No certainty till the 12th,the market does not like uncertainty. GLA.
This is the bit I believe that will wrong foot people. Lending I believe will be announced within a day or two of the court sanctioning the scheme. I think everything is already lined up and ready to go.
Even end of May is early for re lending, expecting more like the end of June to be honest, especially if there are new products etc, a slow steady build towards the end of year on the SP would be good, still have hope this could pass 50p if all falls in to place.
Relending wont start before the 12th anyway, you cant loan money when there is the possibility of insolvency - amigos lenders wouldn't give the facility on that.
It'll be end of May for relending IMO.
When JB tried to sack the board and vote himself in, the vote was very close - especially for the CFO - the comms to the shareholders was frequent - which suggests the board knew it was close.
Using that logic, the less comms we see to borrowers the more likely it is the vote is going well. If we start to see lots of ads in newspapers, on the radio, websites etc. I would be a little concerned the voting is not going so well.
However, unlike the JB vote, Amogo have created this vote, and they would have done their research and be very confident of a very sizeable majority voting in favour of the scheme. Plus, logically why would you vote against it.
I just hope the SP stays at these levels until the court case on the 12th. We do not want a court hearing where the SP has increased significantly as it will send out the wrong message. This has to be about redress for borrowers and guarantors until the scheme is passed. Using that logic I do not see relending starting before the 12th.
The FCA's investigation however will conclude as the FCA decides so that could happen at any point - and anything other than a huge fine, or another stiff penalty should see the SP fly into the 20's
There should be some Incling on direction of travel you would think, anyway, even on a yes vote I am setting my expectations low to be on the safe side, hoping to see low to mid twenties if it goes through, the real driver will be re lending and that could take a few months to really build up. In for the long term so fingers crossed.
Sorry for the typo, that should be "also".
Akos, someone mentioned that it is possible to change your vote after having voted, so it wouldn't be fair to change the deadline.
Scheme voting is hosted on their own domain, they’ll be able to see the voting without doubt. Makes sense that they’ll have to adhere to the defined dates though - a month to go then!
Sure this has been asked previously, but can amigo actually see a running total of the votes cast?
As with all votes, there is a chance that either yes or no could receive a volume of votes that makes the other outcome mathematically impossible. Should this happen here, do we think the announcement would be made earlier or do the legalities mean that it has to remain open until the close date in May?