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The months I recall less than the prices, so I had the 16p to 34p (obviously not all gets 100 per cent as typically offload in tranches.) I then had the 5p to 18p something that we had, with a chunk going from 14.5 to 18p on the up and the down. I then started adding again 11p down to 8p ish and managed one sell at just over 20p when it hit 23p briefly, getting rid of a fair bit in the 18s. So yes I did, but again far from all bought at the bottom and far from all then sold at the top, with a core holding retained pretty much throughout.
"Why is there no resolution to appoint Mr Benamor as CEO?
This was not proposed to us by Richmond Group. The resolutions in the Requisition Notice were not identical to those Mr. Benamor posted on social media. We have asked shareholders to vote on everything that we have been asked to propose. We are legally required to do this, and it is what we have done. The appointment of any CEO is ultimately a matter for the Board and will require FCA approval."
"In parallel, the Board and the senior management team are focused on recommencing lending, developing the Group’s strategy and seeking out new business opportunities, all with the aim of maintaining and advancing the Group’s position as the leading provider of guarantor loans in the UK. The Board is focused on the future of the business and is looking forward to engaging with its new and diverse shareholder base as it commences the next chapter in its development."
"The resolution to remove Roger Lovering is unnecessary. Mr Lovering has always stated his intention to step down after an appropriate handover period, once Jonathan Roe has received regulatory approval for his role. The hand-over period will also include the FCA’s approval of Gary Jennison as Chairman of Amigo’s Risk Committee. "
April to May this ( if you timed it correctly )returned 100% gain June / July this gave 200% gain Aug / September another 100% gain ( goddammit! ) and now we are where we are today staring at another 100% gain min.
Seamus/Mark, Booman bought at 8p-10p He will be looking a decent return on his investment as will MANY MANY other holders incl city boys who have held the sp down for their own purposes. There are shares rising 100-200% every week.
Amigo will have 50-65% days when we trigger happy. Watch it do the amigo dance.
I think the larger part has just found it’s way into pi hands but no doubt some funds or organisations have taken holdings below the reportable limit ie under 3% uk companies and under 5% overseas. Plus don’t forget market makers can hold a sizeable chunk on there books. My point however is this is not gonna zoom up in a straight line this will peak and dip and if the news along the way is good yes it will continue to set higher lows and higher highs and I intend to take advantage. Yes I know that leaves you open to being locked out at some point but until the fca is neatly out of the way and the December performance triggers negation completed along with lending restarted I foresee a gradual rise with trading opportunities.
Seamus, Peloton bike or the trainers:)) lol We all have our favourites no worries:)
JB had to go down to zero as this may have come to haunt him. He called the vote whilst under 10% which the clause. Emails between RG / Amgo legal team likely took place. Remember Injunction. So professional advice was likely taken on every step. That’s done. Now he can buy / maybe even bought a few. Hard to know when institutions / individuals hold under 3%.
Hey Mark I'm not relating his order to us getting our 20p, like you say that should be achievable anyway What I'm saying is, if SP is lets say 40p when he getting approval. as it could be next year, Do you think he's already somehow made a deal to buy his 29% ? we've all wondered where all his shares have gone
This should be 20p plus without JBs irrevocable order, or the results of the fca, or the banking agreements. Assuming we are all anywhere near correct with our assumptions there should be plenty of trading opportunities between now and Xmas.
We’ve had trading opportunity 1,2 & 3 (I missed opportunity 3 as did a lot of us) I have no intention of missing 4,5,6,7 and 8.
Hey Fig Similar to you, Gardening, walking dogs and peloton :) And of course Madmax Fury Road :) I love what you are saying buddy and my god hope you've nailed it But, JB said he will not buy until FCA approved and i'm 100% sure we hasn't gone through all this to end up with no voice again and wants those 29% I thought you got the 20x2%ers from the millionaires he made when floated, so where are his shares going to come from ? Apologizes if I've missed something
Fig great breakdown. I think Mic and GC are in hand. And I actually take JB at his word when he said he wasn’t aware who had his shares. But very optimist he will get back in and GC will join him. SP is only going one way. GLA
Evening Seamus. Good weekend I trust? Had a sporty weekend, a bit of pottering in the garden and timeout from BB.
If 20 allies bought 2%x 20=40% + PI’s =20%, he is past the winning line. (60%) This doesn’t include additional support from GC 6.66% or MIC 16% JB has this in the bag. If there were another vote in 6-12 months for whatever reason with new resolutions, many would vote the OLD BOD’s just to ensure and LEFTOVERS deadwood was truely voted out.
My most positive takeaways last Friday: both potential CEO’s, JB and GJ stated theywould be working very hard to ensure lending re-starts, fca resolutions resolved.
STRATEGY is to return current SP back to near IPO levels, which basically means RE-ENTRY into FTSE 250 early next year. £550- £600m Mcap returns AMGO back to FTSE 250 ==£1.20+
VOTES all done and dusted - well done to all those voted: Proxy voting Ended 10.45 a.m. on 27 September 2020.
Afternoon All Well - that's part one of my weekend successfully completed - Sheff Utd 0 Leeds Utd 1 : ) Now on to the most important part in my eyes - we only have 1 crack at this so lets hope everyone who can vote has seen sense and got JB back on the board. Then it's up to him to get nomination for CEO. He must persuade everyone to take their places as designated in the PLC and Ltd Co (including Glen) and lets crack on with the work as a team for the benefit of EVERYONE!!! Board members, shareholders, employees and current and future clients. That's a f*ckin lot of people relying on the right result!!!!!
I've had a thought! I know , had to lie down for half an hour
If/When JB wins it could be early next year before he's FCA approved and surely he's already considered this. Events between now and then- Claims , Debt, Lending again etc. If each of these boxes are ticked and lets face it he wouldn't be fighting for Amigo if he didn't think he could, the SP will surely be way WAY above 20p
This to me, points towards him already having a deal some how with allies who will be voting for him
Would these need 10 allies just under 3% or is there another way ?