The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Morning Mark - I agree with you on Airlines, but Dart Group (Jet 2) have money in the bank to ride this out and I've got £1k in it. They were £19.50 this time last year.
Expru. I think you’ve jumped the gun with dtg. All the airline stocks right now have further to fall imo! First off the ongoing travel disruption is going to hurt next years profits we still don’t know how many more lockdowns and flight bans there will be. Those that survive will either have to raise capital( rights issues ) or go cap in hand to government who if they do help will be granted warrants. Those that can’t do either will no doubt get swallowed up by the larger players. I’m watching several companies in this industry but I’m not investing yet.
Aim - I can't see it - is AMGO mentioned???
GC is certainly a litmus paper for confidence!!!!
Just thinking.....GC was at Amigo in March when tgey brought hin in for the possible buyout. He knows the company, and was there when the sale fell through. He is aware of all the complaints, yet he has gone on to buy a substantial shareholding. This is more of a positive sign than we think.
Mark - I'm getting sh*t over on DTG about your inference that they might be taken over by IAG - give me something to substantiate that please : )
Mark - love your attitude - and optimism : )
Expru figgy has to take the credit I just added some numbers..... more speculation than prediction also on my part!
Having said that I don’t think it was too overly optimistic.
Evening S - The Motorbike Show series has finished now but was on ITV4 Thurs 8pm
Bike World is on Sky Showcase channel Mon 7pm
You're welcome : )
Good evening !
Lets hope there is a positive RNS on Monday. We all need this SP to start on an upward trend!
No sunset!,, mind you i did enjoy the abuse even though it was so far from being PC.
Have you seen Figgy and Marks predictions for "news" and share prices at the points in time!!!???
A work of art : )
H - Last day of isolation for me today. As of 3am tomorrow morning I'm free. might go clubbing : )
What a f*ckin waste of time - I might sue for false imprisonment!!!!!!!!!!!
Clem - if it goes down it's another buying opportunity, if it goes up then it's going in the right direction. Don't start trying to replace sunset!!!! We got rid of him - we can get rid of you too!!!! : )
Hard time for all ex this covid. Some more than others. Confident it will come good here soon for all of us, then long for the real gift in several years time
I didn't have any domestic cleans - everyone at home
I didn't have any commercial cleans - offices were closed
I only had end of tenancy cleans for rented properties and communal cleaning at BigDavesDad's brothers house - well, when I say house I mean Mansion : )
Covid closed me down for 3 months and I furloughed everyone so had no income - I'm coming in to some money soon though : )
Yep. I hope the team at Amigo are ready to shout loudly about their total interest cap - this is a good PR opportunity as it goes beyond what the regulator is asking for.
I took 3 moths out of my mortgage and my £495 is now £519 per month - the holiday helped though!!
Fair enough Jimmy. Will just have to wait and see what the coming week brings in terms of updates.
GreatCrestedNewt - yes. There’s nothing in the FCA guidelines that says interest can’t continue to be charged, in fact it clearly says it can.
As I understand it, it would only be a lender’s choice (or because it’s already made the kind of promise Robespierree explained) that would prevent it. Hence my post earlier.
Mark1973, sorry maybe crossed wires. I am involved in the sector too. As I understand it, the government is involved in mortgage payment holidays and its supporting the banks on this through business loans. The Treasury has issued statements about mortgage breaks.
The consumer credit payment holidays (personal loans, credit cards, car finance etc) are not government backed. That’s not to say there hasn’t been some arm twisting from Treadury of course. But I’ve only seen FCA announcements not government ones. The lender trade bodies have been campaigning about lack of support for non bank lenders who are giving holidays.
https://www.finextra.com/pressarticle/82426/urgent-government-action-needed-to-bail-out-non-bank-lenders---fla
It is interesting the mortgage repayment holidays with the banks over the covid period still accumulated interest.
Thanks Robespierree, that’s good to know.
The reason I assumed it worked that way is because I saw someone on debt camel saying they adjusted their scheduled repayment date back by a few days (with Amigo’s agreement) and they ended up paying two or three extra monthly payments at the end (more than was in loan agreement) because a lot of interest had accrued on the deferred amount.
"Jimmyg56 - average interest is lower, it's advertised as "representative 49.99% apr", some customers are charged less."
Very, very few loans are less than 49.9%. They only started testing multiple price points in Q3
"Itisagame, I don’t think that’s right. It depends how long is left on the loan because the missed payments will accrue interest for as long as it takes to make them."
Amigo "cap" interest on whatever's in the original agreement. So you don't pay more, even if payments are late. (unless you then then try and pay-off early, in which case you could end up paying "extra" interest.
"That’s because our interest is ‘capped’. If anything does cause the interest to accrue faster, such as late payments or date changes, then the interest will stop once it hits the amount you agreed to when the loan was paid out. You won’t have to pay back any more in the long run."
Jimmy my son works for RBS it’s not funded by the government but it was upon their instruction