The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hopefully a nice strong finish to year end. Update on finalised rates due any day
Tintin we don't know what is happening. He claim to be sharing words on behalf of DC but 1) what has he yet told you that has proven accurate and 2) if true, no shareholder with a tangible investment should have to be communicated to through backhand channels. Personally, im looking into how to go about raise a complaint similar to others have done today. If they want to treat us like pawns in a game of chess then so be it.
Tbf I think its got to the point where whatever you may have heard from DC hasn't shown any truth, some of your posts have been erratic but thats understandable. Everyone is tired, exhausted, frustrayed with the situation we've been placed in and with the added emotionally connection with this impacting on shareholder finances. We all want the same outcome, just got to sit tight for the 9 full and 2 short trading days left this month.
This doesn't give me hope. 1 month left and we get a "maybe".
"The Board is in the process of finalising the 2022 Annual Report and Accounts and 2023 Interims - and is aware of all regulatory timetables and is working towards ensuring the Company's shares may be trading again as soon as possible."
I've had similar responses from Sarah but nothing. We're heading into December, the last month of suspension with a few non-trading days. I feel that the only tool left is a to look into raising an insolvency complaint. The main point being the evidence of verbally encouraging stakeholders to buy. If someone could share some generic template on previous requests it would be useful to myself and potentially others. It may not get our investments back, but we can at least go down with some kind of fight and hopefully some wider implications for Mr Ciclitira. I've read here that some shareholders had planned to access investments, it's amateur from this chairman.
It would make sense to have an investor call alongside confirmations of the median rate for both Tutivia and Clarava. And the commercial use of the latter ahead of the call.
I missed the 9am deadline, but hopefully if no RNS tomorrow they will confirm these are still objectives for 2023.
Anyone seen Flloydy? He was concerned for me so its only right I'm concerned for him now. He said this deal was going to surprise people and couldn't wait to see faces when this did 20x or even 50x.... whoops.
One thing that doesn't surprise is that Danny is at it again with the late announcements of holdings. Has this guy done one positive thing since he came onboard? Failed to raise funds for his Floan company, now failed here. How on Earth are Directors like him allowed to keep earning a pay cheque. I've seen pensioners puts up more of a fight putting on velcro shoes than this doughnut.
I am sad yeah, us LTH are still underwater. But its a move on right direction
We also still have the following commercial use and median rate updates due before year end (taken from the RNS);
· Clarava™ is on track for initial US commercial use by the end of 2023 under prospective real-world evidence studies.
· Received preliminary gapfill median rate of $2,650 proposed for both Clarava™ and Tutivia™ by the Centers for Medicare & Medicaid Services ("CMS"). These rates are due to be finalised later this year and represent a substantial uplift from the Company's initial assumption for modelling purposes.
Great news! Hopefully we can finally start to head north with the support of a few more positive RNS which are due before year end.
I don't think the EGM button needs to be pushed, but I do think there is benefit in collating how many shares are held between us and then communicating to the board some stakeholder questions for answering so that we're not in the dark.
Can also gauge a total percentage, hopefully 10%+ and this then indicates to the board that the power to call in EGM is held if things don't improve.
Fforestgwmp - I have never called out LTH or pointed comments towards them. There's the same 3 or 4 that post nothing of value, its just infactual made up junk with no foundation, so I'm just here to challenge their "this will definitely do 50x" or the "we'll all laugh at them when this comes good"... it's madness. What they don't realise is they just drive away genuine discussion and then moan that no one is sharing any information with them. Same with the Twitter groups, they were insightful to begin with, holders were actively speaking with Gary, seeking updates, sharing any news they found... over time it just became a circus and multiple people throwing toys out the pram and what not.
I did sell out, 1.5m shares at 0.008. The 52 week high is lower than what my average. I'm not bitter, why would I be... it was the right decision for me at that time with a hefty chunk of loss for future CGT offsetting. I'll post when and where I want and continue to call out the rubbish... HAGW
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?
" 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 ;)
Directors have duties to shareholders. The suspension and radio silence along with the circus around London is surely borderline towards breaching those duties. DC is doing the opposite of promoting the success of the company, the name is being dragged through the mud within the KPOP world, there is clearly a lack of DC exercising reasonable care, skill and diligence... it's the opposite.
I don't think there is any benefit in listening to Sarah, she's clearly just doing what's she's told, every response seems to be kicking the can down the road with the "very shortly", "not long now" responses.
Agree with the below, the fun was always going to kick off at the end of this year and into 2025. The foundations have been set and we won't be down here in 6 months time. I've topped up myself.
The end of year is the main target, still on track with cash flow into mid next year. Looking forward to the next few months where she should hear some solid updates on product launch and price range.
I'm just here to keep the balance with tosh you spout... 50x from here... my lord, and you question anyone else's mental health... you have absolutely placed yourself as number one dunce with this absolute cracker... drum roll.... "The fact interest rates are increasing is positive for the Amigo business model". Classic, this is why I'm here, I don't even have to pay for this level of entertainment.
1) Amigo needs to borrow money to lend, higher interest rates mean Amigo borrows at higher interest rates. It's just basics.
2) Higher interests equals less money in peoples pockets. Rents/Mortgages increase to over the rising costs of the lending. Again, basics and this has literally dominated the UK news for the last 12 months (and your head isn't in the sand?).
3) in the current environment of rates going up, FCA have been asking lending firms to provide options to their customers to help them, such as mortgage repayment holidays etc... people are struggling to meet repayments on lower cost debt. How are they going to repay higher cost debt?
Pretty sure Danny even said on a call that the interest rate environment increasing couldn't have happened at a worse time.
I could go on, but what's the point. Keep posting drivel for the likes.... they must get you off... which makes sense... the B in FlloydBanks is obviously a typo.