Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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https://www.ft.com/content/68e8a9e3-c5f0-46be-a517-30d2f14d7df2
"Amigo declined to comment. A person familiar with the company told Alphaville that the transaction is structured as a reverse takeover that will give the consortium *nearly all* the failed lender’s equity." (emphasis mine)
Sounds like even if it does happen, current holders will get pretty much nothing.
Ahahaha that is an amazing read. Some random guy just literally searched for "company that has fallen the most" on Morningstar and happened upon AMGO. The chances of this 'deal' receiving regulatory approval are... questionable IMO.
Https://www.ft.com/content/68e8a9e3-c5f0-46be-a517-30d2f14d7df2
What happened to you Beastly, you were a regular and now a hater of holders. Here's advice you gave to Radika, you sold out, you made your decision, you're out with whatever cash you sold for, you made that decision. Technically depending on when you sold, you're better off than anyone still holding.
Move on, never look back.
Thank god, we've got ourselves a streaming expert. What a pretty impressive CV you must hold, you've already shown yourself to be a Financial Services expert. I mean what an utter shock it must've been for Danny to final confirm that no funds can be raised to save Amigo, I mean you told us all that the current increasing interest rate environment was positive for Amigo's business model - SHOCK!
Steveieladette - you ok mate, mood swings again? You been taking your HRT?
Think of my prediction between 4p-10p to myself as more conservative. Regardless, your prediction over 10p surely will be beneficial to all shareholders.
BitterlyDisappointed, you will be, when full details are disclosed.
In regards to the 50x comment. I am more sure now than ever before that we will get to over 10p.
I posted a link to a Craven House Capital plc RNS where they provided a portfolio update on 03 March 2023 valuing 2 of the companies at $70m each.
https://otp.investis.com/clients/uk/craven_house_capitalplc/rns/regulatory-story.aspx?cid=1571&newsid=1672503
It's a bit confusing at this stage because Craven House Capital plc have stated the RTO is for Garimon Limited and Honeydog Ltd but Rosedog Ltd is the owner of www.tvzinos.com. However, in the Amigo RNS it states TV Zinos is also part of the deal.
The question is how many extra shares will be in issue and what percentage of the company will belong to existing shareholders post-transaction, which will determine the shareholders fate.
Look after yourself BitterlyD, I'm concerned for your mental health especially when you realise you made a massive error for selling up too early.
Really odd behaviour by the usual suspects. Some are clearly bitter after selling out and would love to see the company fail and for shareholders lose out.
Good luck to genuine shareholders, we definitely have been given a lifeline. I hope we have the last laugh.
The board of directors have a chance to redeem themselves and their poor track record as well.
In order to survive, there is no other way to do it but it is also a good idea
Haha! Open your eyes. It's laughable you're now clinging on to a potential music streaming service after all the b*ll sh*t you've all been spouting 🤣 Unbelievable!! "To the moon" 🤣
Well said Amigo would be **significantly diluted**. Admitted there would deliver some small value to shareholders including Bod. Very good news indeed and can't wait to see open market sp between 4p - 10p. If not definitely will not less than 0.4p imo
BitterlyDisappointed, why are you still here?
Nobody cares what you have to say!
You're not invested, you bottled it!
Nob off!
I’m a basher of Amigo and proud of it-the FCA agreed with me and the rest is history.Pay day lending was well trailed as dying a long while ago-and the ambulance chasers killed it off.
As for going forwards, I wish you well.music streaming May work but the deal you will be offered will torch the existing equity-the RNS says so.The RTO is simply a way to get to the main market quickly and there may be some tax losses to play with in the structure.
Good luck
" existing shareholders in Amigo would be significantly diluted."
LTH's are already significantly diluted, further dilution from the SP here pretty much wipes everyone out. it's ok Floyd, this is going to do 50x remember ;)
Well as a member of ASAG I certainly haven't had any news for a long time.
Be great tonhave an update Mo! Even if it's to say no further work can be done
Sorry to ask but what about Mr Flemings ?Is he not in this game anymore?
Ppopp. I feel much happier having done that research. The services being provided have the potential to be massive.
1. Music streaming service: http://www.onebas.com/
2. Film streaming service TV Zinos: http://www.tvzinos.com/
3. Worldwide digital magazine platform: http://www.magazinos.com/
4. Payments provider: Payzino.
The enlarged entity will essentially be a tech platform serving multiple billion dollar industries.
I will continue digging.
Some good work there. Thanks
17 October 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.
Craven House Capital plc
("Craven House" or the "Company")
Investee Companies' Update: Garimon and Honeydog
Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted investment company notes the announcement released today by Amigo Holdings PLC ("Amigo") in relation to its investee companies Garimon Limited ("Garimon"), and Honeydog Ltd ("Honeydog").
Craven House owns 29.9% of Garimon, and 29.9% of Honeydog.
As per the announcement below, Amigo proposes to acquire the assets of Garimon, and Honeydog via a reverse takeover resulting in the enlarged group being listed on the Main Market of the London Stock Exchange.
The Board of Craven House reminds shareholders that "at this very early stage there can be no certainty that the Proposed Transactions will take place and it remains subject to, amongst other things, formal terms being agreed and completion of due diligence and receipt of regulatory approvals."
https://otp.investis.com/clients/uk/craven_house_capitalplc/rns/regulatory-story.aspx?cid=1571&newsid=1726183
Further details can be found in the last set of financial statements year ended 31 May 2022:
http://www.cravenhousecapital.com/images/docs/2022.pdf
Also, Portfolio Update on 03 March 2023, which show massive valuations.
https://otp.investis.com/clients/uk/craven_house_capitalplc/rns/regulatory-story.aspx?cid=1571&newsid=1672503
Domains:
Music streaming service: http://www.onebas.com/
Film streaming service TV Zinos: http://www.tvzinos.com/
Worldwide digital magazine platform: http://www.magazinos.com/
Payments provider: There's limited information on Payzino but I suspect the FCA licence would be required for this service, which is probably the reason for the interest in Amigo.
At least the media is now recognising that shares have plummeted 99% since the start of 2020. Not that it makes any difference now.
https://www.ft.com/content/fc3c0302-0cfc-4f1e-97e3-fe29962eb1e4
https://www.proactiveinvestors.co.uk/companies/news/1030007/amigo-holdings-in-talks-on-moving-into-music-and-film-streaming-1030007.html
https://www.business-live.co.uk/professional-services/amigo-exploring-transactions-generate-value-27923059
https://www.morningstar.co.uk/uk/news/AN_1697548978059978700/amigo-shares-halted-amid-rescue-deal-talks-with-craven-house-capital.aspx
Here here
I don't know why some bother posting here when they don't have any financial interest. They must be living very sad lives to have the time to post negative comments on a company bulletin board and argue with random people.
The chaps who were moaning about "Amigo taking advantage of vulnerable people" have now found new excuses to bash the company because of the change of industry.
I see yesterdays news as positive. Shareholders will retain an equity stake, which will provide a decent upside medium-term in my opinion. The important thing is that the company won't go bust leaving shareholders with nothing.
There are a lot of numbers being banded around like a further 90% dilution, which are ridiculous and have zero merit. No one knows anything and its important to remember that shareholders will have to vote through any deal at an EGM. These new entities will have access to 8000 share holders, they'll have a listing, access to funders and an FCA licence, which will be invaluable for them, and it would be stupid to jeopardise this.
There's clearly a plan and the third parties would've been working on this for some time. You don't wake up one day and think it's a good idea to list, it takes years for companies to get in this position.
I think this deal will surprise a few when details get finalised and announced to the market. The bashers will probably have disappeared by then.
I mean, we are the actual owners of the company!
Thanks for posting that link.
Very informative
I'm still struggling to see why we as existing shareholders have to be massively diluted?
Shouldn't this be a resoundingly good thing for us?
We've suffered so much already, why do we have to be shafted even more hahaha oh dear
Catocrogh - The Rolling Stones
starts me up
AMIGO - AM I GO , AM I GO < AM I GO
UP UP UP , nice songs and nice tunes
Seems he so proud to having AMIGO in his Instagram
WE JUST SIGNED AMIGO
Happy days for all
HA HA HA