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Root cause of the issue is greed...
Root cause is a quality method to identify the problems and then put measures in place to ensure it dosnt happen again and then measure the effectiveness of it. I see 3 or 4 current vacancies on the website. All points towards lending pretty soon. Nov imo.
I think there might be more being read into this than what meets the eye. RCA is a technique / process to identify true root causes and problems in systems and processes. This would be a role for someone to assist management in identifying the causes of problems and weakness.
Yes probably not much read into this new position - could be someone leaving that needs replacing, could be beefing up by adding someone, but in any case probably nothing to it since it’s a normally required role. Certainly don’t think anything negative can be taken from it IMO.
I’m trying to think if there would be any real signs or giveaways (apart from RNS of course) that would indicate restarting lending would be imminent. New roles in origination, tv/online adverts, other website changes are things to look out for too. Maybe we just won’t see anything until they are ready to pull the trigger - personally I’m hoping for end of November if it’s not too optimistic.
Hi,Restructuring can lead to new opportunities which focuses on delivering agreed outcomes
Gottcha
Or maybe their current one isn't good enough and they are kicking them out for someone who's up to the job
Been heavily invested I'd rather but a positive slant on it as neither you or I know
After reading your post earlier today "want to know the outcome see Wonga" I can only assume you aren't and that's why you use negatives for whatever reason you are here
I apologize if i'm wrong but why would you be invested if you think we are going the same way as Wonga even though Amigo is a TOTALLY different business with different business model and structure
Wonga was set up by the same types that set up claims companies. See a niche mass market and pounce, Get rich quick and f everything else including who's hurt in the fallout
It was the impression I got from the video GJ did so Hereshopin :)
Thanks schalfenplanet
Although I'd like to put a slightly more positive spin on lending
There are millions of people still in work and will stay in work whatever happens over the next few months and I'm sure there are smarter people than me that can work out risk ratios regarding who to lend to especially with the added security of a guarantor. Remember we've been told collections are ok so far and I know that might change without furlough etc but the best way to combat this in my opinion is to get lending again but as GJ said in a limited way
I see the main risk for the likes of banks who already have mortgages with those most at risk today and we've only lent to key workers for the last six months so that book should be a safe as house
Hi Seamus12 totally agree with you, well said
Terry
I don't disagree this stance should of been taken by the old board and so did JB
What we know is GJ has stated he will not be rolled over and just pay out to anyone chancing their arm
He's spent 50k of his own money on shares reached out to start creating a new board and has a great reputation of 3 turnarounds in this filed, Do you think he'll throw in the towel ? I certainly don't
Sounds like something the FCA would asked for as part of the VREQ - all negotiations in which ones hopes Restarting lending is part of
New vacancy advertised in Amigo Web site.
https://amigo.ciphr-irecruit.com/Applicants/vacancy/115/Root-Cause-Analyst