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Hi Honewood, great post it gives those with a little doubt some comfort. I like yourself have been in for a while now, my belief is within 3 years it will hit the £2 mark but I’m in for the dividend with hopes of replacing my wages and have a choice to retire early. Yearly divi was 9.35 with some suggesting more to come but 9.35 would be fantastic. Just hoping when this is all sorted and we have lending back it’s reintroduced. To me the beauty of this stock is 1 growth potential but more than that the dividend potential. GLA
A lot of the trustpilot and Twitter messages are all pretty suspicious too if you ask me. Often comments left by someone who has never posted on trustpilot before or someone who has joined Twitter in the last few months with no profile picture/followers or following. I would either say these comments are left by shorters/competitors/people who are paid to do so. I would take them all with a pinch of salt.
As for debt camel, according to Semrush, not many people who go to the scheme website are directed to it from the camel website. In addition, again according to Semrush, Amigo doesn’t even appear in the camel’s top 5 most read blogs.
Most schemes I have read about pass with around 90% of their respective votes. And they are for less reputable companies.
Just a guess at this point: If there are only 44k people who vote by the deadline, we may only need 65% of those voters to vote in favour to get it across the line. Which means a huge 15k people would need to vote against. This seems like a lot of people to have a huge grudge against amigo. And as I said before, even if you absolutely hated amigo and you spent a year or half a year trying to get compensation, would you really then vote against the scheme to get nothing?
I am a strong LTH in this, and the reason I said hold for 4-5 years or more is because I see this as being a great dividend stock to hold. Just a dividend of 1p could mean I could retire early. So a dividend of 5-10p would be great!
I sent this to someone on Twitter before the vote and these are my targets after being in business for 10 years: Before 30th March - max 16p a share - CORRECT Before 12th May - max 27p a share - CORRECT (at the moment) After 12th May - yes vote and no lending - max 40p After 12th May - yes vote and lending - min 50p
Have you seen their Facebook group? No doubt started by Sara. Search on facebook Amigo Loans Creditors Group, and you will see open testimony that quite a few of them lied on their application for loans, and Sara commenting back spouting non factual information trying to sway people to vote no.
BUT, you know what.. there are only 100 and something people in her little group of misfits who want to see Amigo go under because they have been told its better for them in case of Insolvency. Im sure alot of the people on there are probably just shorters or people who are just too darn dumb to think rationally and with reason. Am i bothered by those select few people? Not in the slightest..
Those who know me know that I only post once in a while. I have a very large number of shares, which at one point was more than Vinson but he has over taken me and I wish him luck as I do you all.
I have just been doing some research on the likely outcome of the vote. A website called Semrush is able to analyse website traffic for free. According to Semrush, since 30th March around 44,000 people have gone to the scheme website. If each one of those was to vote, it means only roughly 22,000 of those would need to vote in favour of the scheme (and of course of those 22k represent 75% worth of all claims which I think the majority of which will be taken up by the FOS). In the last quarter, according to FOS, just under 10,000 people complained about Amigo. Making a big assumption that each of these 10k people are annoyed with Amigo and would rather see it go bust would only represent 25% of the voters. In addition, roughly 25,000 customer’s have already had their claims settled. If Amigo did right by the customer, which I think it did with the majority of people, then I think the majority of those 34k (44k minus the 10k) people who have gone to vote, voted in favour.
However, I think that even the majority of those 10k people will vote in favour too. That theory is based on this: if you have spent the best part of a year or even just half a year trying to get a refund/balance reduction, are you really going to vote no to get nothing at the end?
I used to be a teacher (now a businessman). As a teacher, I know that those that are the ones to kick up a fuss are those that generally feel hard done by. So I think all these comments on Debt Camel, Twitter, TrustPilot etc are those sort of people. But those sort of people make up a small majority of the classroom - maybe 10%? So forget what you read on those platforms and just be pleased that it is a majority of people who are not making their voices heard and those are the people who are always going to be generally content with what is going on.
So don’t get jitters, don’t sell out on news or before the vote, hold for the long term - 4-5 years or more and we’ll all be just fine.