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£1 £2 £3 who knons am a LTH wou;d love to see a quid this share is a gamble , but i thinks the odds are on our side, atm am 50% up so happy days ,bought in with GJ
Not much to offer other than I’m holding for £3 it may take 3/5 years, but I can wait, I see £1 by year end, after the court issue is sorted then I’m just going to bottom draw them ??????
That is achievable if people just hold onto the shares past 18/18.5p,most sellers have gone on the last spike,time will tell.
Imo rise to 35p after court case vote(win) July-August 45p then slow rise till Christmas to 68p then jan-mar 2022 just under £1 as max targeting for amount of people needing loans after Christmas april-jul 2022 possible £1.30 with divs on horizon
Been out on the water for a few days, enjoying the fine weather! Looks like we had a good run at the end of the week! Not so many trading days (with a bank holiday thrown in) now before crunch week - everyone seems to be taking their positions! All looking very positive right now! Happy weekend, all!
I was chatting about product demand yesterday or 'pent up demand' as Gary once called it......I think, we are underestimating the size of volcano we are sitting on, everything has changed since the pandemic....families have lost loved one's & been suppressed from the months of lockdown, we are all craving freedom & fun as we realised just how vulnerable / fragile our life's really are....People are going to live for today & take more risks & think screw the establishment & spend on the following :- homes improvements, weddings, holidays, cars, caravans, clothes, luxury items, Jewellery, furniture, business expansion, world cruise, bucket list adventures, celebrations, etc :- and the above requires money ! with 15 million people excluded, Amigo loans will be in massive demand, I can see £10k loans flying off the shelves.... The Future will be very different.....
Mid july
The sanctions will be 1. A fine that covers the amount that the FOS would have triggered pre the scheme plus a bit more. I k thinking 10m..2. An order to set aside a capital buffer of maybe 10% of profits as a an extra pot for future claims beyond the pot for past claims. Either way as golf gains points out as long as there is a business i d be staggered not to see 50p+ at some point later this year.
I’ll be happy with 30p. I think the regulatory environment they’ll be working in will hamper profit. There will be all kinds of checks they’ll have to do...crazy stuff like affordability checks! On a serious note I think 30p is achievable on announcement of new lending.
I’d deffo hold for 5+ years if I thought the SP will reach those figures, what an investment that would be.
£15-£25M quarterly profit should see AMIGO get back to £1. (Was making 60M+ in the good days).
This seems very doable even with the current loan book. However, you have to consider what sort of numbers Amigo will pull when:
- Re-lending resumes in the unprecedented climate where millions have lost jobs and will need credit.
- Banks loan customers reduce as more people will be considered “sub-prime” due to late payments etc. (Increasing Amigo’s core customer base).
- And the crazy thing...the above is happening World Wide. So what will happen when Amigo expands into new international markets (like they were starting to do with Ireland where they basically made a few million in profit in less than a year and with low market penetration).
Consider an Amigo making £100-300m in profit per QTR...SP will be easily £9/10+. This of course might be a 3-5yr time frame away but risk/reward at current prices makes an investment very tempting...
..hence the Institutional buys at “high risk” (they must see a reward which far exceed the possibility of a negative vote or confident of a yes vote majority).
Give it 18 months and £1 could look cheap IMHO
Will amigo be £1 ever again ? If yes ,what will be the time prediction ? ........or I am just dreaming ?