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99% APR says it all
Also did anyone look at today AMIGO JP Morgans TR1- ALL SWAPS...means Sweet F All, all we know is private investors used JP Morgan to obtain Swaps in Amigo. It Like MR A going to JP Morgan and requesting them to buy on their behalf. Their ramping JP Morgan bought amigo its Ramping Nothing but a facade. Exactly what I thought it would do is drop back to 12p. NSF is the only stock that went up because of a GOOD trade update and so will continue to rise into next month IMO.
Also did anyone look at today JP Morgans TR1- ALL SWAPS...means Sweet F All, all we know is private investors used JP Morgan to obtain Swaps in Amigo. It Like MR A going to JP Morgan and requesting them to buy on their behalf. Their ramping JP Morgan bought amigo its Ramping Nothing but a facade. Exactly what I thought it would do is drop back to 12p. NSF is the only stock that went up because of a GOOD trade update and so will continue to rise into next month IMO.
Not that many.
if the GL redress issue is sorted, then it will be back to 20P level, one to one at 10P is ok for £30 M.
I will join the RI at that time as it could help NSF to access that £200 M credit signed last March but affected by the Pandemic.
with that extra £200 M credit, NSF business will be booming. especially we still have the potential to expand the EL outlet to 200.
such rubbish- so lets think the biggest shareholder who is supporting this placement Alchemy who own close to 30% is going to take a dilution at 5p (below current prices and pre-Covid Prices) to raise funds? are you deluded. Give me one reason why they would choose to do that over offering a much higher price in order to raise their current holdings. Mark my work offer will be 8p + minium, Very likely 10-12p
'NSF needs to do a big fund raise to move forward - Probably issue more shares at 5p would be my guess.'
Broker said they'll look to raise between £30 to £50 million and on that basis there could easily be 1 billion shares in issue in a few months time.
Watching L2 I think traders are trading both shares simultaneously, might be imagining it but saw orders disappear and appear on both sides at same time. Anyway AMGO L2 looking good today so lets hope there's some synchronicity today at least!
2 separate companies- The relationship is they do the same thing in the same sector. They lend people money at a high APR. like Coca Cola and Pepsi , Adidas and Puma, Santander and Barclays.
Im sure there is more to it that that.
NSF needs to do a big fund raise to move forward - Probably issue more shares at 5p would be my guess.
Amigo needs cash, however JPM has bought 6% of Amigo shares over the last few weeks Also some directors bought into Amigo last week. Thus supporting the SP.
Slightly off topic last Oct JPM stated they wanted to invest heavily into the lending space in the UK,. They have bought into Amigo to gain access to the 'high risk' personal loan lending space and a non listed P2P company called lendinvest.co.uk, which specialises in Buy to let funding.
There is no ownership connection but I gather some who post here invest in AMGO and vice versa
Though in the same sector there are differences in risk profile and prospects that I shall allow others to comment on but you may have read some recent comments about those. I am not nor have been an investor in ZANGO but have a holding in NSF I recently slightly increased. I missed out on the sale and buyback opportunity but decided not to risk exiting and have a small enough stake to risk running for the long term. Good luck
Hi guys, I'm dithering on buying into NSF and missed out on the rocket-like rise this week. What held me back was confusion regarding the relationship between NSF and Amigo. Is NSF owned or part owned by Amigo ? Both seem to be mentioned here at times, and both tend to rise and fall in tandem. Any guidance appreciated.