The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Paulanthony
Hi Paul, any reasons why you think the RNS will be tomorrow?
I think someone else mentioned Friday previously.
I hope they keep it really simple though.
Something along the lines of "Amigo is set to commence mainstream lending in 7 days" Full Stop!
The last RNS which I took as really positive, was way too confusing for the markets and taken as a negative!
Ex I didn't have to flip through teletext. I just flipped through my portfolio LOL ALL Down :( . but they will all bounce back. They will, They WILL I tell myself :) IMO
I've just flipped through the share prices on teletext and every popular share except RR is down so I wouldn't read anything in to today's prices - just one of those days. Covid and the US election putting a downer on prices.
Planning to load up on this again tomorrow AM and average down. Put way more into AMGO than I told myself I would but hey, all a bit of (sleepless) fun aint it.
It’s just the covid situation this will be back to 10 by Friday
TwistyMinkle
MriGoat
Sentiment & Fear with no News!
I could not agree more that the market as a whole is panicking today.
A buyers paradise!
Though It really does feel like the MM's are making the most of this with a massive "Tree Shake" at the moment, whilst potentially on the cusp of some news that will fundamentally change everything.
Not to mention the debt rating upgrade this would bring.
Surely the CEO's turnaround strategy with Advertising, Lending and a debt upgrade will have a profound impact on the business.
This Strategy has the potential to transform the company from the current "Unstable" rating to "STABLE".
With a stable rating in itself bringing many Institutional Investors.
Having read the "open letter to Shareholders from the CEO" and the recent interview, It would appear that the objective here is to create a snowball effect to full recovery.
Particularly for those with higher entry points from 200p to 250p who he addressed directly...
https://amigoloans.cdn.prismic.io/amigoloans/eb23bea2-8470-4b23-9be8-434145e12ac4_201012_RNS+Reach_Open+letter+to+shareholders_FINAL.pdf
Mri - I am all spent up until the govt give me a grand per employee kept in employment next March : )
I wonder what will be cheap then??? : )
@Viking . LOL - Amigo wont lend to me.. Gits.. By the time they would lend to me the SP will have shot up. Gits Gits.. :) .
Ask yourself this question. Why would the FCA allow amigo to carry on lending to critical workers? Why not just stop all lending?
Mri' -- you could try Amigo ;-)
TwistyMinkle
MriGoat
Sentiment & Fear with no News!
I could not agree more that the market as a whole is panicking today.
A buyers paradise!
Though It really does feel like the MM's are making the most of this with a massive "Tree Shake" at the moment, whilst potentially on the cusp of some news that will fundamentally change everything.
Not to mention the debt rating upgrade this will bring.
Surely the CEO's turnaround strategy with Advertising, Lending and a debt upgrade will have a profound impact on the business.
Perfectly timed for the current events?
Am I the only one that thinks this will potentially transform the company from the current "Unstable" rating to "STABLE"
It is a great time to buy.. Can i borrow some cash TM, EX ? Anyone?
Mri and Twisty - my 2 chums - on the same wave length : )
Franky is right in that this is now a long hold before we see any massive growth - unless there is a takeover bid : )
Remember company fundimentals, money in the bank, new BoD AND quite a few pundits and tipsters are expecting good solid multibag growth for Amigo. Patience my people - we will be fine - eventualy : )
Rns tomorrow
Sorry for my typos.. Fat fingers.. :) and yes I agree with TM :)
Its not irrarional. You can derisk and buy this when its stable for a few p higher and no risk of capital loss. Until we lend with some.volume there is no business here we re just bleeding a slow death. Totally appreciate new money will sit this out for now. Not fun i confess.
Blimey Mri, we crossed streams there Ghostbusters style.
Gabriel - the ' irrational drop due to sentiment' is across the board, I don't think that I own a share that hasn't taken a kicking today, so you have to look at it in that context. I agree with Mrigoat and think that lending/advertising will bump us up considerably.
@Gabriel . I think 'irrational drop due to sentiment can cause a 7% drop today' Is massively impacted by the market in general . with a small element of vReq extension concern. So think it is to be expected. Im hope for TV advert as soon as they get the VReq cleared. IMO
With the CEO's Turnaround strategy:
"Fix the complaints"
"Fix the relationship with the regulator"
"Get the business lending again"
Any thoughts what TV adverts and the execution of the CEO's Strategy will have on the SP, when an irrational drop due to sentiment can cause a 7% drop today?