Member Info for Archy147

Simon Thompson has re-iterated his "Buy" recommendation and 100p price target, which will be what's driving the uplift today. Pleased I topped up in the low 40s now :-)

https://www.investorschronicle.co.uk/ideas/2021/06/21/marketing-re-rating-potential/

Great stuff, love this share!

Next target for me is 410p, which was the pre-Covid price on 21 Feb last year. Then 470p which is where it started 2020. Fully expect MNZS to continue going from strength to strength.

Well said Misterh

I actually nabbed a few more @ 42p as the drop looks like it's been overdone.

for some reason that doesn't cheer me up lol

Sigh this has to be one of the worst covid recovery stocks out there.

It's gained about 20% since V day, could name others that have seen 200%!

Not only is the discount annoying, I’ve just attempted signing up to PrimaryBid. You can’t use it for SIPP and ISA investments, which is where all my stocks and funds are held - so what is the use of that?!

Have bought back in here.

Market considers the company to be worth less now that is was last year before a vaccine came along?

Makes no sense to me. Gonna lock this away and come back in 2 years. By which time I expect the sp to have at least doubled.

Are menzies distributing handbags too? lol

Lovely jubbly up 10% since I bought at the start of the week. If only investing was always this easy lol

No doubt this will rise and fall, rise and fall, but remember the saying "Time in the market beats timing the market"

We have a likely multi-bagger on on our hands here, I favour holding and topping up on the dips rather than attempting to play the market.

Current price: 132p, Pre-covid price: 500-550p.

I'll sell when we pass 500.

Thanks for the response Joe. It looks like the drop probably has been overdone done then.

Naturally, the sp has turned green for the day now I've sold out! Sod's law..

Guys, this might be the answer as to what’s going on here

https://www.cityam.com/hiscox-tops-list-of-insurers-facing-business-interruption-claims/

I think the share price drop is quite possibly overdone, but Hiscox being at the top of this list is obviously not good news.

I think there’s too much risk hanging over the share until the value of these claims is known so have decided to sell, for now. (Money has gone into HYVE instead, which is travelling in the opposite direction!)

Not a long term holder (just been here a few months) but see little point in selling now.

I originally bought in on the understanding this was risky. There was every chance I could lose my money, but the potential reward was worth it.

I’m seriously unhappy with the way the FCA has behaved (have made that pretty clear on here) but bottom line is AMGO are still in the game and nothing is lost yet!

“Death or glory” sounds right to me. I’d rather go down fighting than give up now for a measly 8p a share.

So, Amigo have spent ££££ creating a deal, getting it approved in 2 votes , approved in court, and then, at the final hurdle, it gets thrown out thanks to the last minute objection from the FCA.

Where does this leave Amigo now? Well, back at square one, only with less money than they started and with an extra delay to getting lending up and running again .

I completely fail to see how anyone benefited from this. The way the FCA have gone about it is utter madness. If only they’d acted with integrity from the start, engaged in good faith, we could have been sitting here with an agreed deal (a better one for claimants than actually presented) and EVERYBODY would have been better off

As it is, £millions have been wasted and even more lost from forgone new business. What an effing bunch of idiots the FCA are. They’ve done a huge disservice to everybody, including the claimants.

Yes well played those who've been waiting for something to happen here, agree there is plenty more to come.

HYVE and AMGO top 2 performing shares in my portfolio today :-)

Absolutely no idea, I've just taken this as an opportunity to top up.

So many good arguments for buying in here, I just couldn't resist when I stumbled upon the share this morning.

Hopefully I was the last person ever to buy in under 70p (famous last words) ;-)

I don’t think you can assume a (on the face of it) a bad day in court means management can’t run the company properly.

The assumption I had made which was wrong was that management were working behind the scenes WITH the FCA to come up with a scheme everyone was happy with. The late FCA objection was therefore a huge shock. I still can’t figure out why on earth the FCA DIDN’T work with Amigo before now if they wanted something different to what was put on the table, agreed in the first court hearing and voted on, overwhelmingly in favour, by creditors.

The FCA approach is totally illogical and really leaves a bitter taste in the mouth. I can only hope the Judge agrees it’s far too late in the day to start ****ing around attempting to structure a new deal now.

Don't be silly ISA, we were asked for best and worst case scenarios.

The sp reached 30p before the trial, when the risk was high. A best case scenario - full approval by the judge of the scheme - could see it double from there. I never said this was a likely scenario.

I'm not sure I'm sane or sage, but here goes:

Worst case: Shares never come out of suspension because the FCA get their wish and (somehow) a scheme is constructed that wipes shareholders out
Best case: Judge agrees the scheme in its current form and the sp jumps to 60p on opening

Where you get to in 3,6 or 9 months depends where on the scale between 0-60 you start from