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The guy only sold his position about 3 days ago, and expressed an interest in returning if the price dropped low enough... while it's impossible to prove or disprove his motives, his story doesn't seem unreasonable. People comment on forums because they enjoy sharing their opinions.
Aw, if you have no position, why are you wasting your time on this board? You are a liar I’m afraid.
Aw, to take private it need 90% votes, TRG has 61%, and how can it get more 29% agreed with 20p?
I think you are flying under a false flag aw - if you do not have a position here (short or long) I am not really interested in your comments. I suggested early on that TRG could be manipulating the SP with a view to taking private - I still think they are but others may come forward to express an interest in this highly profitable business which would help but in any event and dispute hints to the contrary, intended to hold the SP down, I remain confident that AMGO will not be sold off piecemeal at a loss but will achieve north of £1. Others are free to look at your musings on ADVFN and can decide for themselves what they think of you and indeed on whether to invest here or not.
BigB...no I haven't ..I have never shorted this stock...nor did I say so on the other board..
BigB..I think you have an irrational attachment to this share .my option 2 is no different to the one you have been voicing your fears about since I came on the board originally.
Take one step back BigB and pause and reflect...TRG are actively pursuing the first option for the benefit of all shareholders , but if they fail then what other options do they have. Sorry to disappoint...I thought you of all people would have taken a more reasoned approach.
Disappointed that you have come back to us aw with such a negative and partisan post. You have already told everyone on ADVFN that you are shorting this - you will have done well and that’s ok with me but your negative scenarios and 20p price suggestion is rubbish.
Sorry I was cut short by the length of my contribution..
What I meant to say is that it all feels a bit like placing reliance on guessing correctly on the toss of a coin , which to me is gambling not candid investing..
Good luck to all
Well hello all...I wasn't intending to post here again and instead made my contributions on the AVDFN board instead , under the pen name 'Candid Investor'
First of all I must declare a 'disinterest' in this share since I sold all of my holdings last week at 68 pence..at the moment , that seems a shrewd move but only time will tell.
I can forsee three future possible Scenarios for Amigo, there may be others, but I will stick to the ones which I see as the most likely , with each being duly weighted in my mind.
1...A third party sale...this is a distinct possibility...one version of a likely scenario which has been put forward by one investment house is that there could be one possibly two third parties who have shown a tentative but not as yet formal interest in the business and that TRG are forcing their hands with this strategic review..they are also hoping that an additional party would also show an interest which would set off a bidding war which could result in an offer price of up to £1 per share being achieved (forget £2 per share...that is pie in the sky...remember this a a fire sale and TRG's actions are an overt statement that they see no future value in their 61% holdings , otherwise they would have carried on business as usual.
It has to be said though that their actions are a high risk strategy, because if a sale doesn't emerge , then they find themselves with 61% holding in a company that nobody wants to buy ..
2..the second scenario which again is a distinct possibility is that if a proposed sale falls through then TRG can adopt a reasonably ustified approach of becoming a buyer of last resort, and take the company private and compensating minority shareholders with a cash offer of say 20 pence a share to make it worthwhile to them..
3..finally TRG might take the view that taking on the FOS and with it the FCA is a battle they can't win so they instead opt to cease future trading and sell off their order book which in essence is their only assets and opt for going into administration to settle off the company's outstanding loans with the banks...naturally this would be the worst outcome for shareholders..
Yes there might be other possible scenarios , but in my view they represent the three most likely ones..
If I hadn't sold last week , I know which I would choose but I did sell so don't have to make that decision...
What I would say though is that since the announcement the share price is thus far going through the 4 stage cycle in situations like these...as follows..
1..Shock...share price fell to 37 pence..
2..Denial...this can't be happening and their will be a positive out come...share price rose to 52 pence..
3..the recognising there is a problem phase ..where the price gradually descends but also oscillates upwards as some market participants re-enter the denial phase..
4..Either complete capitulation of euphoria as the results of the strategjc review/sale process become clear..
To me it feels like all hop