focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks A :)
I'm going to guess that'll go up a little higher than that but that wouldn't be a bad thing for SP
Just seen a TUI advert, AMGO adverts would be great to see again and would give the hint that lending is on again....maybe next month
From what I have seen of GJ so far he is a very astute person that comes across very well. The decision to involve past customers in the vote is a masterstroke in my opinion and one that should get the SOA over the line. I wonder if the FOS have one vote for each claim they’ve dealt with as well??
The only people the SOA will adversely affect are the CMCs and who cares about them.
This is a share with real prospects in my opinion and I am in it for the long haul and topping up every time the price dips.
Come on AMIGO - you can do it.
15% as of the latest update.
Hey all
Is Amigo still offering 5% of profits for 3 years or has that changed ?
@franky
Yeah i think the people who have researched this and spent time listening to the webcasts over months can see through all this noise
I am hopeful of the scheme as I’ve said and I do believe it’s a clever tactic of what I’ve said and what you have added aswell
And yes JP and co... do not just “punt” onto any stock without more research and inside information than us pi’s can ever dream of....
One person once said to Me many many years ago “follow the Money” maybe that couldn’t be more true now??
Time will tell but I’m defiantly looking for much much bigger things
Something positive first thing Monday would be good. If the 10mil is below RNS threshold of 3%, hopefully it's continued accumulation. It'll get really tricky if any II dumps but going on the swop to voting right - is this likely
and it was followed by a deramper using that exact section of the article
that 1 million loss thing was in an article, that sounded a lot like Motley fool, i cant remember the exact article it was but it was only last week or so
https://twitter.com/Negan06981768/status/1366713733737775104?s=19
Great group, lots of insight & ideas shares, come & join!
Exactly Mouse! Almost Like they throw money about for a laugh
Give over! Lol
*too, not 'two'.
Yes, Franky, I read that two. Somebody saying something that 1 Million loss for JPM or any other large bank means nothing to them, but a lot any investor. I could not believe I was reading that :-) . If this was JPM's idea of banking, they would have been long forgotten.
I ve held Mark since last year. In a vid back in October GJ mentioned the word "ringfence" and i started researching SOAs and how they run. The big danger was a dilution but thats too timely and expensive so bondholders are the ones taking the pain. Thank Goodness as that bit i wasn t sure about. Despite banging on about SOAs back in December no one was interested to talk about it on here ut it was clearly the direction of travel. I would say GJ was well aware of this from Day 1 as once the CMCs get their hooks there is only ever one outcome. So in brief, nothing has been left to chance. You have missed on vital thing. Not only do past customers get a letter with an offer of jam today but in the future which they didnt even ask for, but crucially, existing customers get a balance redress. There is a null chance of 25% of customers mobilising themselves to vote this down. You have had a team of people canvassing for votes for a starter!! This is a done deal and the rest is a political charade. Finally, I heard some idiot going on about JPM not caring if they lose money but PIs would feel the pain hugely and that we ought to wait for certainty. Well. JPM have a room full of people discussing investments their criteria the strategy and why and what qualifies for a 2.5m investment. So if the experts are wrong ao be it but those paid professionals have jobs reputations and bonuses on the line so you bet yer ahole this has been scrutinised. Enough said.
My take on things in a nutshell and maybe Joining the dots:
1m Votes sent out for the scheme vote (only 150/300k present customers) I understand we’re offering a vote to 700 “previous” customers (who wouldn’t want to vote yes for chance of compo) very clever move IMO to get it over the line
Massive buys noted for Days over the last week
JP online banking and 5 year relationship with amigo rumours
Great videos and information on the results days
Putting lots of dots together builds a picture... have we got a peek that we have over 300k “yes” votes to the scheme already maybe so it can’t be overruled??
Just ideas and things that could be happening
Matty, I'm no longer stressed out. I still hold 25k shares in Amigo , but they don't stress me anymore, because their current and future monetary value no longer includes what I have initially invested. So however low or high it goes now, it's a profit for me either way. That is what I was trying to work out the other evening, only to suddenly read from somebody that I write of myself as being the best trader since sliced bread and when it goes up I'm a bull and this person has never experienced me as a bear (bladibla..), so it came from someone who only knows these two types, but never mind. I've never made such a claims of myself, again... never mind.
If statements of all the claims saying "This will be at 20, 30, 50p by next Friday/month" would be awarded with a pound each, we'd all be filthy rich by now. The fact is that nobody knows and Amigos future is right now unclear. Of course, I have thought a lot about how to interpret what GJ said and tried to figure out the reasons for Bybrook and JPM suddenly buying, but I reached the conclusion that all of it is speculation and doesn't chance that I still don't know where this going and when investing becomes a guessing game, then its no longer investing but gambling.
I hate nothing more than starting off or close past from the past, I like progress. I have managed to secured my progress by skimming off the cream (profit) from my Amigo investment and by doing that alone it means that I'm now better off than I was when I started off last August. The remainder of my Amigos shares can now bounce and drop and it doesn't worry me any longer. As I said, I can't stand winding up in a position that would mean I'd have to start from scratch. My strategy is working for me and I'm more than comfortable with it.
2.3% that 10.8mill buy
Where's the 10mill from the previous friday
More tr1s to come jpm maybe increasing 2.5 mill off book buys yesterday alone. Stake building still going on
The questions I think I would have, which we will likely find out over the coming weeks are:
- are JPM buying as principal or on behalf of clients?
- did Bybrook or JPM sell down materially at the start of the week?
- any new evidence of stake building?
- will we get any info on SOA / FCA in the near term?
GLA. DYOR & clearly not investment advice!
It is always going to be volatile; but Amigo has
- Bybrook and JPM taking stakes
- recent Director buying activity
- recent results and mgmt guidance / updates
In the absence of further news, nothing has really changed here so I feel comfortable.
Even more gutting. It'll be ok...I hope
We all wished we had sold on Tuesday now, that's hindsight, gutting but the game
@mouse
Sorry to hear that this share is stressing you out, I know the feeling from Scottish mortgage trust this week and other “stable” stocks.
I think with amigo it’s a total punt so should only be a small part of your portfolio to reduce the stress.
Now jpm are on board I feel it’s less of a punt but still wish I sold some at this weeks highs .
Anyway enjoy the weekend now the markets are shut
Best wishes
pretty much identical SP last friday close, gave us a taste for whats coming and how fast it can rise. other than that whole week been pointless, should have not bothered checking :P