The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Mark is back in and done some quality digging for us :)
Good find Mark
Mark --- Can you give me your opinion of the FT article please? I trust your opinion as i am too tight to subscribe as will probably hardly ever get time to read it.
Mark - What's this copyright malarky the FT are on about??? Hee Hee
Viking it underlines the need for regulation but also points out that low income households still need access to credit and should not be excluded. I think the point he’s driving at is that they shouldn’t be excluded due to over cautious regulation in that area .
You back in now Marky Mark ???
Hope so you’re the best ramper, interesting article Amigo do fit the bill.
I said the markets there, company’s like Amigo thrive in a recession.
Not yet Timmy but I will be and as I said opinion hasn’t changed! appetite for risk and timeframe has, but overall opinion this should still be good for 20-30p trade once the vote has taken place ) ...... where we go after that not so sure but that has always and still is my opinion.
Brucey I’m not yet back in ... but like I said repeatedly over the weekend my opinion of this (as a trade up to 20p) has not changed .... just my view this week!
Mark
I find that a little two faced in that in some respects they have dealt with Amigo in a similar way to Wonga. Amigo charge 50% and a sub prime credit card would be in same ball park . Yet Amigo had a verbal conversation with Guarantor to confirm understanding. Weird!!
Not read it but sounds like a good find Mark - ExPru, as I was saying earlier today: sounds like potential to come to a compromise with the regulator, ie remove the ‘Wonga Scenario’ from the playbook. Amigo won’t go kaput with this outlook, so just a matter of time before some recovery happens. If the compromise means 50% less customers and profit, SP will he say 50% of pre-drop. I’d still take that
Mark - not sure where I got that from but glad you still on here and involved . We need a calming influence on here to steady the ship !!
Sounds like you guys had a nice breakfast :)
Have a good evening all :)
I think the company should issue an RNS when Mark buys back in, i noticed the last few days people on here seem to be more interested in that then the issues the company are resolving :)
Thanks Mark. That sort of ties in with the Q & A from the board stating lending is hopefully to begin later in the Year. Hopefully there is some agreement of how to proceed with lending already drawn up with the FCA ( for them to be even contemplating re-starting ? ) .
Brucey I just noticed all the doom and thought you could do with a little lift ; )
But I still think this is good for 20-30p and would be very cautious holding beyond the vote results and hopefully JB buying as ceo. There are still many unknowns going forward!
*expru I’m talking to you!
Brucey - Any brekky out is enjoyable
itsa - r u jealous of Marky by any chance??? Don't forget he is only a hairy arst trucker and not a trader - Hee Hee
Jimmyg, great post, most sensible view I've seen on here.
Fact is that close to 60% of the business is owned by people who will want to sell at the first sniff of 20p... no way it sticks above that level without new news on lending or claims.
Mark - you can talk to me all you like : ) We truckers have to stick together : ) (well, I used to be a trucker!!!)
My faith in this share is unwaivering!!!! JB or GC - both can do the job to get the company through all this uncertainty, or else they would not have/are intending to buy in to the company!!!!!! I'm out at £2 - that's the gauntlet thrown down!!!
@expru I wish I had your confidence and belief. If I could get 50p I would be happy! I do believe that it is worth more than 20p and certainly more than my average. I just wish the red days weren't happening or if they did it wasn't a big %
FB - Hold steady mate - this time next week all will be revealed!!!! Refresh my memory - what event do you have/what reason is it that you need a quick rise in price???
I think we all should be ex, hes a great contributor and from his tales here it sounds like he is living a life to be very proud of.
And the same can be said for many others here to :)
Expru ...... Question if i may. You say £2. How long would you be prepared to wait for it to reach that level or maybe how long once FCA and claims are sorted and lending starts again do you figure that level may take? This was £1.64 Aug 2019 and £2.76 as recently as June 2019. With the problems sorted out, this will only go up, the question is how rapidly. I like yourself feel confident whoever wins.
@expru.
No event, just might need the money in case of redundancy. I guess I am impatient and what seems the constant red is wierysome now.
Sorry Viking - teatime so I've been feeding my fat face - again!!! : )
I am 9 tears away from retirement - if I retire - I have 2 cleaning businesses which are easy to run so may never retire. To answer your question and to quote a famous Bond Theme - we have all the time in the world - so as long as it takes to £2 within 9 years and if it still looks good when it gets to £2 I will keep hold. I like cruising - busman's holiday - so the more money I have from this the better.
FB - I remember now, how are things looking on that front???? I know it's tough and I'm pleased I don't have to let any of my staff go!!!!
Itsagame I had the pleasure of brunch with ExPru this morning. Top fella. Talked a few things, including shares. I’m in the red now too, but we both are chilled about AMGO.
@expru. We have had the letter asking for people to offer voluntary or reduce hours etc. My wife and I do the same job so that could get interesting!
I have a long time to retirement :( I have never cruised, but have a love of flying in the front end of the plane :)