The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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1% royalties Chris? Or just all the tuna I can make into sushi would suffice!!
mjcthepilot - I love it!
AndMeGoFishing !
RockandRoller ...
I like the idea...
I really have to build Amigo into the name as it will mostly pay for it!
Open to ideas though :)
Promise you will name it "Boats & Amigos" :P
CryptoChris
RE: Seen it beforeToday 11:41
I think I will upgrade to a better fishing boat!
I think I will upgrade to a better fishing boat!
@RockandRoller ... Thaw mentioned he had enough to bit a Range Rover in cash... will be a long way down the threads though. Nice that people are planning what to do with the profits if they sell
The bounce is on now!!!
I did mention about stop losses earlier today... no doubt a few have been burned today.
@Shanieg69 - Who said anything about Range Rovers! An Enzo is the dream, but I was thinking something a little more modest like the Ferrari F430 F1 coupe.. let's regroup in 8 months! :)
@RockandRoller..... great summary and heart felt position that you are in. I cashed in 100000 shares just below 12p because I couldn't afford to lose the money, I still have 143000 shares and am currently at 172% gain. Im not going to hold my shares for a massively long time as the profit will be extremely useful, but because of some of the insight the experienced long term holders in Amigo have shared, plus their experiences, I will certainly be holding to post March's decision to see where this takes us all. Genuinely pleased that the LTH on Amigo see nothing but positive and are starting to recoup their losses and some now buying Range Rovers with cash!
Thanks @RockandRoller - been out since the Benamor fiasco so that recap was very helpful!
To the person who posted they have seen this before...
I have been in Amigo longer than I care to remember. I was sat on a £20k loss for nearly 7 months. This is nothing like what happened last time on the run up to 20p in August last year. For anyone new here I will recap. (The old founder JB was selling off his stake at 1% a day before asking for another vote to get back on the board/takeover. The lead up to 20p came as his % of shares started to fall to single digits. On Friday close when the SP hit 23p intraday and closed at around 19p JB set out a list of conditions, he wanted the board/company to respond to. The following Monday the Amigo board rebuked all of his demands and the SP tumbled to around 12p. The SP rose slightly on the lead up to the final vote of JB, which from memory was around 13.5p... which he lost.
Since then, many of the old school Amigo team have been removed and a new and very experienced CEO Gary has been put in place. Gary has rebuilt his team and a roadmap for Amigos future and the handling of claims, which was and has been Amigos thorn from the very start of the demise of the SP, alongside the promise of diversifying and adding more products to the business. Gary has put forward a scheme that will ringfence the claims and give claimants a % of a specific pot as well as a % of future profits. This needs to be approved by the FCA which has been stated at the end of March. If this gets approved Amigo will give the green light on re-lending. This is when we will see a true reflection of the share price not under the clouds of claims. There is no reason for this not to hit the highs from before this whole mess started.
For me, I hold a huge percentage of all my shares in Amigo, it's a huge gamble, but one that will hopefully see me comfortable with a nice shiny sports car on the drive. I can't say I have always felt hopeful, especially when I was sitting on such a huge loss, nearly 70% down, but I belive with the team they have in place and the continued buying and support of huge investment companies, who have much more knowledge and experience (and dare I say insider information) than us small-time private investors.
There will always be people that cash out for a small profit, that is what trading is all about, hopefully making money, after seven months of sitting on a huge loss, I had always said that I would cash out if hit near my SP. Now I have a decent profit I am holding for the long-term future, I am not going to de-risk or skim, I am in for the long term.
If you believe in the future of Amigo or at the very least believe that the large investment companies know what they are doing then I believe holding will pay off great gains in the long term.
As always, it is your money, don't take advice from these boards, take the information given and do your own research. GL
*starts looking at Autotrader