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Ahhh didn’t mean it that way hillman. Just thought it might be one more tool for the arsenal! I think it was nickel investor or someone said something about charts changing I was getting an itchy finger over the sell button anyway by this point and as I can’t read charts for toffee I checked on that app and it had switched from buy to sell ..... so I did.
Too early for me to say how accurate it is but it helped me make my mind up getting out when I did.
Amigo (AMGO) is at 10.10 (-7.51%)
http://uk.investing.com/equities/amigo?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument
If it helps and I’ve only just started using it the investing.com app seems pretty good at gauging change in sentiment. It breaks down the fibbowhatsit, cappuccino curve cobblers into simple buy and sell indicators. I just happened to check it when the sp hit 19 by chance. I was offered 18.4 on HL and took it. As you know it proved to be correct.
Yes, all my profit from this year.
I'm currently following everything JB and this bb members have said. Honestly in hindsight I don't think this was worth it I'm kicking for myself not jumping out at 18p and love the moves Mark has made dipping in and out at great SP.
As mentioned I'm going to stick around and hope this plays out well
For some FOMO will always be relevant but people who want to invest will
Its not irrevocable. The terms laid in that were clear after the board leaves. He could easily argue by that he means resignations this won't be investigated into further at all and give the broker something on the side and everyones happy.
This is why I'm doubting JBs intentions - irrevocable seems like an excuse for some other plan hes laid out. Either to drip all his shares in a company which he knows will be worthless in a years time or buying out shareholders on the cheap (he doesn't like us anyway no matter if he became a billionaire because of us) or he already has a side dealing with a buyer.
First scenerios scary second and third not so much
JB keeps saying it is irrevocable. I kept saying it is not so. All he needs is a good solicitor like Harvey Specter for those of you who have watched Suits on Netflix to tear up his irrevocable instructions and launch a bid by himself or acting in concert with someone.
My gut is we will see a recommended bid when Glen is in office. Price will be higher than where we are now, so I would be loading up at this level. I have.
Even I'm a holder either way. I myself have put in most of my pot on this share after taking profits from groupon and tupperware.
The thinking behind my next week is, if there are multiple interested parties (JB included) next week would be the right time to strike to get the best prices before a upwards turn in SP and then trying to purchase shares at higher rates.
If JB is holding his sold shares in another pot then this is pure market manipulation (tweeting every couple of days suggesting he might still be in with us and being 'off' with 90% shareholders).
I just haven't seen such a share with so much going on behind closed doors that some people are partied to and shareholders aren't
However, our faith in Glen is very strong, and once we are sure that Stephan Wilcke and Roger Lovering have left the board, we would see a strong possibility that we will reinvest into Amigo and play a part in the turnaround.More clues that he could launch a mandatory bid and buy out the minority holders:
Car geek, I see he replied to you on Twitter. These words of his hold the key to all this:
Actually as it stands now I would have made more by not floating at all, and just leveraging up the company with more debt. Amigo was severely under leveraged for many years. Even now it has net assets many times larger than its market cap.“
He is a businessman, and as much as he hates the other shareholders who went against him, he would be a fool to run this to the ground and ruin his reputation, which is why he has something up his sleeve yet.
Hillman, a Rule 9 offer requires payment of a minimum of the highest price paid for a share by the bidder in the preceding 12 months. I would be happy with anything above 20p if I were honest but it could be 50p or more if we are lucky.
Let’s see how this story unfolds. I am a strong buyer at this level.
Keyword there was 'as it stands now'. Sure he made money but he would've made more given the situation now.
If this doesn't bounce or some major RNS happen by next week I feel we're all being led on by JB in a share that is eventually going to be worthless hencr the drip or lack of cancellation of drip doesn't make sense
This is his tweet which I am referring to https://mobile.twitter.com/JamesBenamor/status/1281192537638735872
What’s stopping JB from making a mandatory bid under the Takeover Code for the rest of the shares he does not own and taking this private as he already has more than the 30% required for making suchlike bid. He could easily kick the BOD out and anyway, Hamish is on his way out already.
He hinted in a recent tweet that he would have made more money had he not floated the company. I wonder if he will spring this on us and if so what price? Between 21p and a pound?
Clearly at 10p, this is too cheap and less than half of what the opportunist buyer was offering at 21p.
I dont see it dropping much under the 20 day average if the interest is maintained.
Perhaps briefly to fill the gap but that will be it.
Richiescott- that’s actually very possible ..... I’ll be loading up Tuesday if that plays out
Drop to 8p Monday 6-7p Tuesday, bounce to 17p wed/Thursday shorters run and back to 10p by Friday!!
E_AL AND itsagame - great minds think alike : )
Rony, the company said that last Friday - RNS 3rd of July:
“ The Company's liquidity remains strong. Amigo has sufficient financial headroom and cash on its balance sheet to continue to fund operations and support its customers during this challenging time. Amigo had a cash balance of over £136 million as at 30 June 2020.”
The Company's liquidity remains strong. Amigo has sufficient financial headroom and cash on its balance sheet to continue to fund operations and support its customers during this challenging time. Amigo had a cash balance of over £136 million as at 30 June 2020.
Rony, he actually said "the company has £136 in cash" :)
Where does the RNS state it has £136m......
There will be many bounces in my opinion till he sells out perfect for trading. Made a killing here so far. I'm in again in 2 trading accounts 10p and 11p may drop but not bothered went to 19p last time expect the same again. Long term higher but make far more trading this