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It is. Not much accuracy on HL all day - buy or sell.
The spread on HL is pretty false.
One holding RNS reporting an II increae or a new II and it wil be above 15p in a flash..
IMO
I don't see this going above 15p anytime soon. I should have bought in on Friday though.
As the late great Jesse Livermore said
"buy right, sit tight"
Still deramping shares Casper123 , Cineworld still going under 30p and ARB going under 45p ? get a life filtered .
MIKESM ......... Very well put.
It's amazing to think that a company that started from nothing in 2005, lending money at interest rates not dissimilar to credit card APRs, to customers who couldn't otherwise access loans, could become a £1.6 billion company within 13 years without having HAPPY, SATISFIED, REPEAT CUSTOMERS. The Amigo brand has tremendous market awareness and a positive image, and despite the post-PPI CMCs turning customers on lenders, Amigo's will, once the compensation nonsense is over and done with, be very pleased to once again be able to knock on Amigo's door for more loans.
For the Woolard report made it clear that there is a pressing need for mid-cost loan companies to serve the needs of the public who are otherwise excluded from main stream lending and, with new guidelines agreed with the FCA in place, Gary Jennison and his fantastic team will once again be flying high. As will the company's shareholders who stayed the course....
Exactly but to get any cash they'll need to vote YES to the SOA, otherwise they'll get nothing.
Vote YES for the SOA
It's the most complained about company due to everyone missold or not jumping on the bandwagon, I would do the same. Ppi 80% of claims paid out was chancers trying the luck
I dont think the brand is too damaged by all this, if you need a loan and the banks arent interested, Amigo is the cheapest and friendliest option on the market. Yeah theres a few articles saying some stuff, but are people really bothered? Ex customers who have legitimate complaints have largely already been compensated for Amigos past mistakes. The rest will be given some compensation through the scheme, albeit not as much as the claims made before December 2020.
Would you, if you are looking for a loan, think to yourself "They have a really bad reputation because they previously made some bad judgement on their affordability checks for topup loans?"
LTH thankyou for a decent reply , and not a sarcastic one .... i was merely trying to point out that JPM could start a new company rather than invest in Amigo , because lets be honest , its not got the best reputation at this moment in time .
craigy - its not a case of if they could or couldnt setup their own sub-prime loans company. But why would they when they can just build a stake a bargain basement priced to fail existing company without having their name attached to it, while not taking on all of the associated risks? Surely makes more sense this way as JPM Chase are already setting up a completely digital based bank, which they can then offer digitalisation solutions to Amigo and build a strong partnership?
BTW , 25% of my portfolio is Amigo , so obviously i was delighted when they did invest , but trying to look at it from a neutral point of view , i just think why ??? even you mention the household brand name ..., that is mud just now , its had so much bad press .....£165m .....,, thats pennies to JPMorgan .,
JPMorgan will have fca approved employees , and do they really want ex customers emails after they all put claims in ??? so i don’t get what’s so funny .. if you dont think JPMorgan could go out and start a brand new loan company ....then you’re deluded .
Lol.
I imagine part of it is that we have 165m cash on hand, 1m previous customers emails, a household brand and a great BoD. But who really knows what else they see.
Duh.. come on craigy. Use yer loaf. As an approved person by the FCA a CEO and ither baord members have legal obligations to shareholders and the like. Sadly you can t do that just cos you fancy.
i’m going to ask a stupid question here , why have these two massive companies invested in Amigo .. why do they not just start a new company thats not going through the courts ...they MUST know something we dont ...
5p was criminal yet also a blessing for those who managed to average down, we wont be seeing 5p again any time soon.
Means lots of weekend reading and AMIGO has investors ears. Good news.
5p? My word.
GL for the week ahead.