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acaciatan weren't you in that gold mining company that was owned by Barrack a couple of year back, I forget the name now.
I saw it got taken over or something after all the government issues, did you end up getting out OK on that?
It's good for the SP, but I'm not reading that much into it TBH.
Given their investment appetite they're looking at either a £2m loss or a significant gain, which if you say this is a 50/50 makes it very worthwhile when 2m is peanuts to you.
Thanks Thaw.
There was a guy before me, HH and Yuri called Sussexfc, he had about 10k in with a 170p average and I think he sold out in the 20’s. At the time I thought he was daft but I guess he’s moved on now with more than he’d have now!
Thaw my interpretation of "while the scheme is ongoing" is after approval e.g. in the 6 months when it's open for everyone to submit their claims. Reason being restarting lending would make the SP jump and I don't see that narrative lining up with the dead cat one needed for the SOA?
Well actually I’ve just skimmed it and it doesn’t mention guarantor loans at all. It does discuss affordability check which need to be founded in robust lender processes but I guess we figured that out anyway. It doesn’t give any specifics on how that should be done however!
I’m a bit behind here, has anyone asked Amigo if they will release any kind of comment following release of the woolard review already? All the news headlines were about BNPL but this has been talked about for ages by amigo, seems odd they haven’t release any comment and/or would wait until results?
Can’t imagine the results will be a barrel of laughs unless there is some kind of interesting announcement. I doubt it will be re-lending though, they can’t do that until they have updated guidance from the FCA and that is entwined with the conditions for what constitutes a valid claim which they’re thrashing out with them at the moment.
After the last results call I was full of confidence following the talk of re-lending and Amigo 2.0, but it’s been a while and now I don’t feel quite so optimistic, hopefully as you say the gloomy outlook is to make the proposal more appealing to customers to reinforce the “SOA or death” message.
Highly doubt there's a plan B, they've clearly been swamped with claims from every rat.
As to the SP, it's already there isn't it? Still 475m shares in issue but at just 6p per share, the dividend used to be more than that...
Card i've written:
Vote Yes - you will still have to pay off your loan if they go bust!
Don't believe the nonsense about your loan being wiped if they go bust, you will still have to pay the same amount of debt as if you vote "Yes" just in future you'll have to go to your local loan shark (who doesn't accept claims by the way).