Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Current borrowers will get their balances redressed and some cash to boot. They won t vote no with zero.£..as the alternative. Our creditors have already agreed to a haircut so really its just the FCA to publicly back it whether before the court date on on it.
I think that was my question though, existing borrowers have a different weighted vote to past borrowers, so whilst there might be more of them they mean less, especially given the vote needs 75% of value too
SR - I'm forgetting that part! The scheme should breeze through the vote then.... fingers crossed of course.
Afternoon Sounds - I'd love to know how the vote is going : )
I wonder what the share price will be this time next month???
But the genius part is that each individual vote of those that have already repaid loans carries more weight in the vote than those that are still repaying.
From these numbers if everyone votes as you'd expect them to, the scheme *should* pass 79/21 (%)
Beevorma, I've seen it mentioned a few times on various websites, the one I found my way to quickest after a quick search was actually debtcamel, who say the following:
"Amigo thinks claims by 150,000 current borrowers will result in balance reductions of c.£85m (I think that may be an underestimate but let us assume it is correct);
But there is only £15m (with the promise of perhaps some extra in later years) for the 700,000 previous borrowers and guarantors."
soundsrisky where have you seen the weightings?
Its all in my opinion of course but anyone who sells currently is nuts. The weighting of the vote is in favour of those that have already paid off their loans and are generally happy with Amigo (see older Trustpilot reviews). Those customers, who are already happy with Amigo, make up the bulk of those that can vote ..... and they are also going to be given free money and a percentage of the profits for a 'Yes' vote, or nothing, zero, no money for a 'No' vote ..... Why on earth would they do anything but vote in favour. If you want to see it as risk then that's fine and perfectly understandable. However, I'm fairly sure Bybrook, MIC and JP Morgan will have more understanding of the situation than anyone on here and they are holding/buying. The vote will pass, as it should, Amigo will re-lend, and more customers will be helped by Amigo in the future than ever before. Just think how you will feel in 12 months time when you look at the Amigo share price (which you were mugged off for at 13-14p) going to 50-100p. All IMO. DYOR.
Balls of Wood or what ever we were called are still here! Its up to you all but I still say hold this share imho
Well done to all who held on from last week.
Bounce from support level as expected despite posters shouting 11p/10p lol.
Last time this increased to 20p there was a similar break pre 17p. So agree that this should now rise up to the 16p/17p level. Should see that hopefully in next few days but thereafter who knows.
GLA
Weird volume here ... if you look back at almost every day there is around 5/10 times the amount of volume in the first 3 hours of trading than the rest of each day.
thaw,
many thanks for your reply.
I mean we have not seen Verson's list in this board for a while.
Normally he updates daily.
D
Don777 - I saw Franky and others posting over the weekend and I’m still here. Bought in the dip this morning too!
DYOR and GLA
I bought back in at 13.3p on Friday and I was questioning my timing... however it looks like we may have clearly made a bottom this morning... True sign will be how this reacts to 16/17p - need to clear them and make new highs otherwise we may well see 10p first.
I think they've set up a private twitter group.
.....or those holding ANY number of shares for that matter. Just hold... or buy : )
To be honest, and in my opinion, the people holding a large number of shares really don't need to do anything currently, other than hold.
where are they now? the list has not been updated for many days. :)