The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Franky - yes that seems likely.
The likely reason for JPM and Bybrook buy in is that Amigo 2.0 will need new and varied sources of lending. An equity for debt swap at some point seems a very efficient way to fund the new loanbook
That's very kind :-) thanks very much
Echo , talks complete sense :)
Unknown_
From a speculation point of view I don't think anything can be dismissed. 'Punting something' (as you say) isn't unreasonable at all. It would be easy to look at the current situation at face value and simply assume Amigo is going to make us all a lot of money.
But often things aren't simple and straight forward.
Ps JP Morgan Chase revenues for 2019 were 115 billion USD.
Echo1,
just punting something out there that’s not been mentioned, people are discussing Equity swap, I think the fact the holder is “JP Morgan Chase” not JPMorgan Asset Management Holdings Inc, could be wrong but putting that out there.
Its easy at the moment is get very excited about the JP Morgan developments.
But lets try and keep a lid on things? There could be a number of reasons why Bybrook and JP Morgan are developing stakes in Amigo which aren't at the moment apparent.
Optimism is good, but lets not get carried away . . .
GLA
Look at the Holder Name for the JP Morgan holdings.
Although the naming of J.P. Morgan and J.P. Morgan Chase are very similar, they both offer different solutions to consumers and institutions. J.P. Morgan refers to the overarching firm as a whole. ... Chase is responsible for commercial retail, retail banking, and card services for everyday consumers.
Be interesting if they keep purchasing, if so then this could be huge people.
Maverick, I think there is something huge brewing in the undergrowth. This rise of the SP is not a fluke. We have experienced 'flukes' before and this is different. All you need to do is to look at the chart, if you're not convinced and compare that to the past.
Well its an interesting concept, one thing is certain :- If there is any connection - the current price of our shares, looks like we are giving them away....
And Maverick, didn't GJ mention 'global'? JPM is the door to global. You couldn't have more global exposure if you tried.
Maverick, there could be lots of attempt to entice us selling. I'll hold and if I can't take it anymore, then I come here or go and work in the garden lol :-)
Is it totally out of the realms of possibility......maybe they want our access to 700k customer data base...the facts are J P Morgan are buying AMGO shares, are they looking for a UK partnership or buyout ?
Maverick, if this was true, then we could not own shares that may be worth £1 at some point, but they may be worth £20 or more.
Hang on a minute! Are they looking to BUY #AMGO integrate it into new banking model and utilitise its customer base, expertise, crm etc Face with raised eyebrow aha!! #AMGO is on the cusp of very very big things taken from Twitter
There is little correlation between JPMs Asset Management dept buying Amigo shares and JPM extending their retail arm into the UK. JPM would have been planning the UK retail department for at least a year. Look how long it took GS to open branches in the UK.
This would be as revolutionary as Thatcher encouraging people to buy council houses.....They start with no credit score, we sign them up on our AI digital platform with a loan and nurture them through the credit score process, it encourages them to take responsibility & manage their money which in turn leads to :- full mortgage potential with our new partners J P Morgan...... The government would love this...it could eventually be rolled out in Europe & the USA as we are already set-up in the UK and Ireland....
Gary did say that he would blow the markets away & to watch this space?? seems like a man with a plan to revolutionise lending practices :)
This would revolutions the loans sector - a turn key plan to take customers from loan exclusion with measured performance like 'Credit score' to full term bank inclusion with mortgage....
J P Morgan looking to open UK bank buying up AMGO shares...
im wondering if this could part of Amigos plans to digitize lending?
Unknown_Trader, that is a great article. Thanks for sharing that. However, I'm not sure if the move to send lots of staff to EU-Land because of Brexit, as I found out via a debate in the Bundestag, that the finance sector is moving from EU-Land to Britain, to be able to operate more globally than they can do over there and because Britain's digital infrastructure is far more advanced than in any EU-Land country :-)
About 1 month old, so old news but interesting :-)
https://www.theguardian.com/business/2021/jan/27/jp-morgan-to-launch-digital-bank-in-uk