Member Info for amjadfarooq

CEO explained everything and he reassured turnaround and take amgo to new heights

An open letter to Shareholders from the CEO



Dear Shareholders



When I became CEO of Amigo I said, "it's fair to say I like a tough challenge", which is true. But I get a stronger sense of pride and accomplishment from the end result. Amigo has had a tough two years, but it is an exciting business with a really strong and valuable purpose.



I have successfully turned around three financial services businesses in my career, and I am determined to make this number four. My job is to lead the turnaround, but I can't do it on my own. Amigo is full of good people at all levels and we are working hard to fix the complaints, fix the relationship with the regulator, and get Amigo lending again. Our customers need us and by Amigo currently not lending more widely, they are the ones that are missing out.



I know that the dynamic of our shareholder register has changed enormously since our IPO in 2018 and we recognise that many of you will have lost a lot of money from being a shareholder in Amigo. My job is to make sure that we engage with all types of shareholders, whatever your size of holding. I want to get involved and listen to what you have to say. I am here because I am motivated by achieving results. I want to turn this business around and get it back on track.



I have had a good relationship with the Financial Conduct Authority and the Prudential Regulatory Authority in my previous roles. I am going to spend my time building relationships with the key people in the regulator; to discuss my plans and to get their help to make sure what we're planning to do is in line with what they want us to do. I need to ask them questions and listen to their answers.



I have seen a lot of evidence that we do things properly. We ask a lot of questions to really understand our customer's outgoings and income. Where a customer has a valid complaint and we have done something wrong, we are going to do the right thing for the customer and put it right. There are undoubtably cases where we have done the wrong thing, but a significant number of the claims that we are getting are not genuine claims.



The origin of Amigo is about one man not being able to borrow money. Our customers are typically people who have not been able to borrow money themselves because of a blemish on their credit history or they just don't have a credit history. Amigo serves a clear, vital purpose for these customers. It allows them to buy a second hand car to get to work, it provides the deposit to rent a home, it allows them to consolidate expensive debts into a much cheaper facility and it gets people on the credit ladder. There is no doubt that this section of the UK population, which equates to millions of people, is very badly served by the mainstream banks and is misunderstood. We can help these people and I am looking forward to working with the team and with the regulator to make sure that we continue to do so.



The ability of Am

AMGO.L
LSEAMIGO HOLDINGS
Last Signal:BUY
Last Close:10.18Change:+0.5400Percent change+5.60%Signal UpdateOur system’s recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 9.64, and our valid average buying price stands now at 9.72. The previous SHORT signal was issued on 02/10/2020, 7 days ago, when the stock price was 10.23. Since then AMGO.L has fallen by -4.99%.Market OutlookThe bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance. more...

https://youtu.be/ANalZ4nEVjc

https://youtu.be/ANalZ4nEVjc

wowwwwwwwwwwwwwwwwwwwwwwwww
great interview
sp will fly north

Incredible article great work
Worth reading

09-Oct-20 14:10:59 0.536 5,973,800 Buy* 0.53 0.54 32.02k UT

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
09-Oct-20 12:56:29 9.7423 153,039 Buy* 9.70 9.75 14.91k O
09-Oct-20 12:56:00 9.7423 153,039 Buy* 9.70 9.75 14.91k

Supply@ME Capital is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is the CEO Alessandro Zamboni with 19% of shares outstanding. With 16% and 9.5% of the shares outstanding respectively, Dominic White and Eight Capital Partners Plc are the second and third largest shareholders.

Our research also brought to light the fact that roughly 51% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Supply@ME Capital. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there’s always a risk that they are in a ‘crowded trade’. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Supply@ME Capital’s historic earnings and revenue below, but keep in mind there’s always more to the story.

The big shareholder groups in Supply@ME Capital plc (LON:SYME) have power over the company. Institutions often own shares in more established companies, while it’s not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said ‘Show me the incentive and I will show you the outcome.

Supply@ME Capital is a smaller company with a market capitalization of UK£152m, so it may still be flying under the radar of many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let’s take a closer look to see what the different types of shareholders can tell us about Supply@ME Capital.

View our latest analysis

9-Oct-20 09:06:16 0.476 20,000,000 Buy* 0.45 0.49 95.12k

-Oct-20 09:00:08 0.483 3,018,300 Buy* 0.45 0.49 14.58k UT
09-Oct-20 08:59:58 0.4817 749,611 Buy* 0.45 0.49 3,611 O
09-Oct-20 08:59:52 0.489 608,918 Buy* 0.45 0.49 2,978 O
09-Oct-20 08:59:32 0.4892 202,187 Buy* 0.45 0.49 989.10 O
09-Oct-20 08:59:28 0.4817 212,302 Buy* 0.45 0.49 1,023 O
09-Oct-20 08:56:30 0.4817 507,778 Buy* 0.45 0.49 2,446 O
09-Oct-20 08:56:25 0.4817 3,610,349 Buy* 0.45 0.49 17.39k O
09-Oct-20 08:55:35 0.4865 406,610 Buy* 0.45 0.49 1,978 O
09-Oct-20 08:55:17 0.4812 48,503 Buy* 0.45 0.49 233.40 O
09-Oct-20 08:52:53 0.4885 20,000 Buy* 0.45 0.49 97.70 O
09-Oct-20 08:51:41 0.4811 166,286 Buy* 0.45 0.49 800.00 O
09-Oct-20 08:51:23 0.4885 1,000,000 Buy* 0.45 0.49 4,885 O
09-Oct-20 08:50:54 0.4885 71,647 Buy* 0.45 0.49 350.00 O
09-Oct-20 08:49:51 0.4885 50,000 Buy* 0.45 0.49 244.25 O
09-Oct-20 08:49:25 0.49 7,000 Buy* 0.45 0.49 34.30 O
09-Oct-20 08:49:23 0.4885 50,387 Buy* 0.45 0.49 246.14 O
09-Oct-20 08:49:06 0.481 4,400,000 Buy* 0.45 0.49 21.16k O
09-Oct-20 08:49:04 0.4888 16,499 Buy* 0.45 0.49 80.65 O
09-Oct-20 08:47:07 0.4889 161,810 Buy* 0.45 0.49 791.09 O
09-Oct-20 08:47:00 0.4889 1,022,704 Buy* 0.45 0.49 5,000 O
09-Oct-20 08:46:47 0.4889 64,325 Buy* 0.45 0.49 314.48 O
09-Oct-20 08:46:40 0.4889 74,906 Buy* 0.45 0.49 366.22 O
09-Oct-20 08:46:22 0.4889 202,922 Buy* 0.45 0.49 992.09 O
09-Oct-20 08:45:28 0.49 1,000 Buy* 0.45 0.49 4.90 O
09-Oct-20 08:45:04 0.4889 112,816 Buy* 0.45 0.49 551.56 O
09-Oct-20 08:44:57 0.4889 60,341 Buy* 0.45 0.49 295.01 O
09-Oct-20 08:44:25 0.4889 112,761 Buy* 0.45 0.49 551.29 O
09-Oct-20 08:44:01 0.4889 19,140 Buy* 0.45 0.49 93.58 O
09-Oct-20 08:43:32 0.4889 17,919 Buy* 0.45 0.49 87.61 O
09-Oct-20 08:43:21 0.4885 1,000,000 Buy* 0.45 0.49 4,885 O
09-Oct-20 08:42:47 0.4885 325,904 Buy* 0.45 0.49 1,592 O
09-Oct-20 08:42:17 0.50 435 Buy* 0.47 0.49 2.18 O
09-Oct-20 08:42:17 0.49 24,000 Buy* 0.47 0.49 117.60 O
09-Oct-20 08:42:17 0.49 50,000 Buy* 0.47 0.49 245.00 O
09-Oct-20 08:42:17 0.49 9,000 Buy* 0.47 0.49 44.10 O
09-Oct-20 08:42:17 0.47 210 Sell* 0.47 0.49 0.99 O
09-Oct-20 08:42:17 0.49 14,214 Buy* 0.47 0.49 69.65 O
09-Oct-20 08:42:17 0.49 200 Buy* 0.47 0.49 0.98 O
09-Oct-20 08:42:09 0.4828 208,358 Sell* 0.48 0.50 1,006 O
09-Oct-20 08:42:09 0.4889 102,270 Sell* 0.48 0.50 500.00 O
09-Oct-20 08:41:51 0.4828 533,162 Sell* 0.48 0.50 2,574 O
09-Oct-20 08:41:44 0.483 533,162 Sell* 0.48 0.50 2,575 O
09-Oct-20 08:41:37 0.4889 78,977 Sell* 0.48 0.50 386.12 O
09-Oct-20 08:41:26 0.483 423,549 Sell* 0.48 0.50 2,046 O
09-Oct-20 08:40:25 0.483 100,248 Sell* 0.48 0.50 484.20 O
09-Oct-20 08:40:26 0.4896 404,644 Sell* 0.48 0.50 1,981 O
09-Oct-20 08:39:55 0.49 50,000 Unknown* 0.48 0.50 245.00 O
09-Oct-20 08:39:50 0.49 709,686 Unknown* 0.48 0.50 3,477 O
09-Oct-20 08:38:05 0.48 1,200 Sell* 0.48 0.50 5.76 O
09-Oct-20 08:38:05 0.50 1,791 Buy* 0.48 0.50 8.96 O
09-Oct-20 08:38:05 0.48 9,600 Sell* 0.48 0.50 46.08 O
09-Oct-20 08:38:05

very very very true
I m not doing any mistake of being impatient at this time I will hold it for at least 2 years

Time Trade Prc Volume Buy/Sell Bid Ask Value
09-Oct-20 08:49:25 0.49 7,000 Buy* 0.45 0.49 34.30 O
09-Oct-20 08:49:23 0.488 50,387 Buy* 0.45 0.49 246.14 O
09-Oct-20 08:49:06 0.481 4,400,000 Buy* 0.45 0.49 21.16k O
09-Oct-20 08:49:04 0.489 16,499 Buy* 0.45 0.49 80.65 O
09-Oct-20 08:47:07 0.489 161,810 Buy* 0.45 0.49 791.09 O
09-Oct-20 08:47:00 0.489 1,022,704 Buy* 0.45 0.49 5,000 O
09-Oct-20 08:46:47 0.489 64,325 Buy* 0.45 0.49 314.48 O
09-Oct-20 08:46:40 0.489 74,906 Buy* 0.45 0.49 366.22 O
09-Oct-20 08:46:22 0.489 202,922 Buy* 0.45 0.49 992.09 O
09-Oct-20 08:45:28 0.49 1,000 Buy* 0.45 0.49 4.90 O
09-Oct-20 08:45:04 0.489 112,816 Buy* 0.45 0.49 551.56 O
09-Oct-20 08:44:57 0.489 60,341 Buy* 0.45 0.49 295.01 O
09-Oct-20 08:44:25 0.489 112,761 Buy* 0.45 0.49 551.29 O
09-Oct-20 08:44:01 0.489 19,140 Buy* 0.45 0.49 93.58 O
09-Oct-20 08:43:32 0.489 17,919 Buy* 0.45 0.49 87.61 O
09-Oct-20 08:43:21 0.488 1,000,000 Buy* 0.45 0.49 4,885 O
09-Oct-20 08:42:47 0.488 325,904 Buy* 0.45 0.49 1,592 O
09-Oct-20 08:42:17 0.50 435 Unknown* 0.47 0.49 2.17 O
09-Oct-20 08:42:17 0.49

with that rns it will be back to 0.03

bought £162000
sell £6200
sp is down# Trades 87
Vol. Sold 69,070
Sold Value £6,354
Vol. Bought 1,761,020
Bought Value £162.01k

something very positive on the way

something nice coming on Monday morning finger crossed