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IMO we need director purchase RNS to reinstate confidence now
Hi fig, yes in my experience some directors don’t buy as they can’t be dealing with the assertions that they crashed the sp to buy cheap. I can see both side of the coin on that one. Let’s see
Lloydyboy,
I’m going with mid-Oct for V req. As you say it could delivered sooner.
One thing you made me think about though is.
The “sooner” they complete this backlog, the 100 or so staff working on claims/complaints some staff maybe temps and laid off or they would return back to their previous roles or ready for “lending to mass market to restart” with additional staff training on customer focus, new scorecards and new system screen updates. If the Directors don’t buy big it just means they have small pockets nothing more. (Not all CEO’s are millionaires..)
Harry the only reason I ask is because it would not surprise me if this date was expedited now that the BOD can concentrate on sorting this out. Would be nice if it was next week. We live in hope. Just an example of something that could quickly turn sentiment. James who? Lol. I jest. In at the bottom, time to move on. Ps rns today is to give the option to mark the end. Don’t let the rns scare you tomorrow holders. Sit tight. 85% down ytd- it has better legs than this time monday.
Yuri,
I would just add this not a silly 1% order for 2 day...lol
He will sell whenever he wants to just like us.
FrankyS1971 - your conclusions are false
Firstly - it's not 6% but only closely below 2% (9m shares, roughly the same number he's purchased while being out of company), which is 25% of recent 3month average daily volume.
Secondly - it's rights to conduct market operations which are not mandatory order to sell, it's up to him whether or not he'll use this right at all.
Lloydy,
Hi, just checked you’re correct it is Oct end, I always had mid Oct date.
My feeling is Deadlines are set as a very last day or before.
They have to report Q2 in Nov. For period (July-Sept). My assumption is my own only in reference to Director buys they would need to buy before closed period which likely falls around mid Oct - 15th- 19th. If Vreq is big news then you would buy before the news as sp would be higher. Unless they expect to report very last week of Nov. By which time lending might have also started.
Anyway hope that clarifies. End of Oct it is buddy:)
Its like ****ing a golf ball knowing yet another 6% is about to land on the market
True expectations
Hi harry, quick one- why are you feeling vreq before the end of the month? Just out of interest
Get a proactive investor or share talk Interview uploaded, Will add £100ms to the Mcap!
First time I’ve been on today to see this rns lol nice facepalm thanks Glen
Amgo should do an CITY INVESTOR PRESENTATION asap to entice large II’s back in, having lost £m’s with some guarantees, and voting influence.
Read it it’s not an amendment to his agreement it’s part of his agreement to leaving. This is literally no news. Either way the BOD need to focus now on bringing the business back on track
Have any of us known a company like this fuker !!!??? So many twists !! But let’s all be clear this will not die down anytime soon , so many plots , sub plots and on and on this will be like eastenders of the stock market until the end of the year at least
I know what you mean Frankie a bit disheartening, cheer up fella, but as Hunniford said maybe just maybe it is better off without JB and more boardroom dramas? I can reccomend a netflix serial called Games of Loans to take your mind off things. Just kidding..lol
Lovering goes imminently upon FCA approval.
Leaving final liability CFO by end of year.
He may save his own skin if Vreq turns out better than expected.
By over estimating Provisions/ or working very well with FCA/FOS. Could be his ACE.
Remember his recent bonus back in June? why so.
Technically GC has bough roughly the same amount while being outsider, right before entering back into amgo, now he's out, so it seems reasonable to have this small flexibility.
Well that clause exist cos GC intends selling. I don t see how the sp will move just yet as it is too liquid a stock. There needs to be a shortage of stock and it will take a good few weeks or more for IIs to absorb. Starting to think i m losing patience myself after banging on about next year etc lol
His powers are limited, he doesn’t dictate the direction of the company alone, he will be out in time anyway the only thing that saved him was being FCA approved and the threat of having no FCA approved people on the board.
In time the Institutional investors will replace and install people who they feel confident in.
Not fussed, it’s done, onwards and upwards, post Covid everything will rally We have plenty of cash and we are priced a extremely low, our time will come.
In hindsight, JB would do things differently, you would think lesson learn’t for now.
Maybe it’s all for the better. iiAG - CFO is Executive i’m pretty sure.
Question to amigo BOD’s when would you like to see sp rise next decade or next century? Lols..
He was on the board, he set the company up and took it through IPO, he had Endless meetings and court battles with the company and yet he still blames the “same” board, - of which he was part of at the time of And responsible for the loans issued that are being being claimed against - it is only roger (Who’s leaving anyway) and Nayan (Who is CFO, and has limited control over anything)
Roger said he’s leaving before JB sold, As soon as A replacement was in place, all JB had to do is wait for Jonathan to be FCA approved and then put to the New board his ideas.
He acted on Personal grudges And did not take the sensible Patient option.
A long divorce, we lost half our Mcap but we got the house.
His offer to buy should have been 30p.
Not 20p
And he still doesn’t know if his 10% agreement kicks back in or not!
We had a profitable q1. Even with everything going on.
He Didn’t need to sell all his shares, only he pressed for that option.
He could have kept 10% and voted but didn’t.
Have to agree with you BB. He called it all wrong. Wasn’t ruthless enough.
Honest he is.
5) Final reason why the sp has been kept down is, The major Inst and BOD’s may have agreed on some words, about needing Votes look after us and we’ll look after you, wink nudge. Vreq news may come out “much better” than expected, the sp will react and rocket up on this, as this the Issue that many Institutions will be concerned about since having lost millions from £2,80p and all the way down.
If this CFO is honest going forward:
- complaints are seriously in control.
-Out Payments little change at £6m (q1) and challenging all others
- Good constructive relation with FCA/FOS. (Thick as thieves...needing each other) Thus working with FCA/FOS.
- The RNS to increase the complaints Provisions to £116m may have been deliberately designed to plummet the sp heavily to deflate JB into selling out and getting nothing more than 5p-10p thus weakening his position.
- Was this a “dirty tactic” played by a dirty BOD’s to give market impression things are seriously bad, with plan to inflate and later report provision was over estimated and not required as we challenged all the cases and won with the FCA/FOS.
So far “only £6m” used by close of June 2020.
-JB has mentioned citys boys keeping this sp down. It is obvious to many who trade daily who see patterns this has been the case here.