We would love to hear your thoughts about our site and services, please take our survey 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.
we are all overthinking it, we are in the middle of a pandemic, most companies are at lows, going bust or raising capital left right and center from any source possible so anyone with cash can buy most stocks for dirt cheap when comparing to pre covid prices. every bank, the entire travel industry, leisure industry, airlines and manufacturers are on their knees and being picked up for peanuts or going to the wall.
However Amigo is in the fortunate position of having a huge cash balance, half the debts are being repaid and serviced by daily collections and we have plenty of cash to service the bonds, it is only the claims costs that is the unknown but we are repeatably told this is under control by the company.
everything will rally in time as we either learn to live with covid or it goes away like the Spanish flu did, fueled by cash exiting bonds and commodities and the cycle continues.
we had a profitable Q1, i expect Q2 to be similar, the company will get through it in time.
Yuri,
Thanks for the breakdown of sp history snapshoot if I may borrow:
Is June 19 - correct?
sp history:
Jul-2018 = £3.0
Oct-2018 = £2.1
Mar-2019 = £1.6
Jun-2019 = £2.9
Aug-2019 = £1.7
Oct-2019 = £0.7
May-2020 = £0.3
Oct-2020 = £0.1
I don’t think anyone has changed their tune.
Majority have always said, either way it is a WIN WIN
No one is bigger than Amigo, be it JB or GC. Those were JB’s own words.
Even JB backs GJ.
This is business and we are all investors not traders, GJ is CEO. Not Lovering or Nayan. If that were the case, i would sell and run!!
Good night all.
Thaw - 2108pm,
Thanks for the link, interesting article.
So he banked £270m already in 2018.
There is another angle to having to sell his 61%, and that LSE requesting additional liquidity in April.
He did not have to sell all his 61% but did so as the sp had already tanked at the LSE RNS to 30p.
By the time he started to sell sp was 18p.
CFO Nayan touched on the LSE rule issue at the bottom paragraph of the Vreq FCA extention RNS back in June, after JB had sold 10% of his sell down. He stated now we have a free float of 35% satisfying LSE. Something along those lines.
Good to see new insightful contributors again tonight:)
Getting behind GJ is now priority. FCA approval of Roe is imminent as is resignation of Lovering.
(JB returning again. I have a theory, but not going to discuss it).
The Funday’s are back
Yeah I hope not too. But he’s said not so other than speculate there’s no way we’d know.
I really thought he would fight at all costs. Someone that didn’t lose. I would love for a maverick plan B. I don’t think my heart could take it like. But I’d love it non the less. Whatever he does will be amazing. Whether that’s with AMGO in the future is anyone’s guess. I’d say not though.
I’m off guys. GL for a steady climb tomoz..
based on dividends he received, it is more than enough to buy off amigo.
I dont think hes going to touch the UK market while the FCA sing the current tune, probably already setting up Richmond Loans Australia, always a chance that he might play his card if Amigo have bigger issues in the future but i believe the chances of it getting there are very slim, but not non-existent.
Funny how most here have changed thier tune, only last week was the new messiah and going to make everyoine rich. I dont think we have seen the last of him. Maybe he will make a hostile bid and take it back, or will create a whole new version of amigo and be a direct compstition, but one thing is sure he has money and we have not seen the last of him. Personally i dont care who is running the ship as long as it make me money. IMO
I hope he doesn’t implement it.....walk away as promised.
The way I saw it, please tell me if I’m wrong,(as if I need to write that. Hehe)
JB sells shares. JB tweets if he gets voted back in he’ll buy all his shares back.
PI’s get excited the possibility of the SP going up and go all out to vote him in.
II’s have 4/5 times the the voting rights and decide to vote for the board.
The SP drops 20 odd%.
II’s buy everything that’s going. By end of play they cash in10/12%.Profit.
JB out. (But I don’t think down)
As a business man. There is always a plan B.
JB sold £270M worth of shares almost immediately after the IPO at peak value whilst investors were, well investing..
I really believe the only reason he didnt sell more was because he was locked in.
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/204140
He's got £30m for his 61% (at avg sp = 10.03 p) , 11 times less than for 39% on IPO (£327m)
sp history:
Jul-2018 = £3.0
Oct-2018 = £2.1
Mar-2019 = £1.6
Jun-2019 = £2.9
Aug-2019 = £1.7
Oct-2019 = £0.7
May-2020 = £0.3
Oct-2020 = £0.1
And also offered to BUY shares up to 20p in value when institutional investors bought in at IPO levels circa 100p to 200p. What a slap in their faces...
Lboy, just in case you didn’t notice JB lost a ****ing fortune selling all his shares down and could have left them all in and the board do mediocre crap and still probably sold for 20-30p so sorry he had his reasons and must have been strong to lose that amount of cash
jb Has killed all long term holders with 1000% cuts, trying to strong arm whilst getting out with 60% odd of shares with a higher average sale price than today’s price. He has aggressively rogered long term holders, brutally hard when you didn’t want it- all whilst he looks you in the eyes saying it will be ok. Good riddance