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thaw, I'm seriously thinking of global expansion of the Amigo Way.
If you believe the institutions have finished buying it may move up a level 13-15p area.
If you think they are still loading up or new institutions are going to join the party then it’s likely to get pulled back as the buy orders will be in at a certain price ( I reckon it’s 11p )
thaw... GJ and the Amigo crew have said more than once, that they are NOT pay-day lenders and why would JPM invest, if they are planning to lend Amigo funds? ;-)
No, there is something else behind it.
In the US, JP Morgan (as well as other traditional high street banks) lend to Payday companies which in turn help expand their loan books.
Not a like for like scenario, but we could be looking at something similar here...
I think JPM investing here is great news, dont get me wrong. But I'm not reading into anything associated with the retail arm.
I think where JPM do offer additional services is in bond issuance to accelerate the capital for the loan book. This to me is a game changer if it's available.
Yeah, as above I reckon 14/15p if trend continues...
Between 10-15p imho next few weeks, once the SOA is decided I doubt we’ll see much movement (but I could be wrong!) after the SOA it’s either major movement up or down
No they wouldn't, they'd be in though, as in invested and I don't think that JPM would invest into a company they know will fall off the cliff. But, if they have enough share in Amigo, who do you think will have the most influence in regards of decision making? Amigo will still be Amigo, but it might get taken under the wings of one of the oldest financier/investment banks this world has to offer and I don't think that would be such a bad idea. Imagine the amount of expertise and the growth on the global scale on offer. I'd rather know Amigo in the hands of JPM than under the foot of any Chinese financial institution.
The reason why it's a coincidence is because it is the Asset Management department buying in here which will have zero contact with the retail arm in JPM.
The plans for a UK retail bank would have been in the pipeline for at least a year, maybe two.
Quick question - do you reckon JPM would touch customers who had to seek a loan with a sub-prime provider? It would be a PR disaster if people found out.
hedged, I think that they buy in portions, that won't make the SP spike too high. That may alert lots of shorters. I'm quite comfortable with it rising slowly. Actually, I'm more comfortable like that. I'm only just getting used to it being over 12p :-)
hedged, may it isn't so far fetched. Amigo was on her knees for ages. Then, a month after the article about the digi-bank of JPM, they buy into Amigo and not only them, but Bybrook also. That is too much coincidence for there not being some connection.
Thaw - momentum is with us. Assuming no RNS I reckon above 14p. Steady rises would do me.
What do you reckon?
Hedged - what you reckon on SP for next week?
Although I love the optimism of what is in front of us, the JPM retail bank connection is far-fetched.
However, it's looking like the SOA will work in our favour and with institutions on board this has great backing. If we can increase our loan book whilst reducing our interest rate (to satisfy the FCA), then profits will grow exponentially over the next two years which will potentially 10 bag this stock.
Circa 14/15p if this trend continues hopefully...
any thoughts on ths SP next week taking in to consideration the large after hours buys after hours on friday