Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
JamesBlonde (didn't want to write JB!) placing would be a long term option if the SOA failed, perhaps it's even one of their backup options. They would likely work through a bit of the cash and profits from relending first though.
HH I was in STAF too and sold on the first little bump up to 40p but it then re-traced.
Like so many other stocks I've been watching and was going to get back into "when Amigo recovers" I've missed the boat!
Others were PURP, BCN, BARC, TW and many depressing others!
Seamus regarding made mistakes I would even extend that to they followed their processes, but simply didn't read the market and keep up with technology/changing expectations from the FCA (which they never formally communicated).
It seems them not using open banking to validate customer claims on applications was their biggest flaw, but this didn't even exist when they started.
Hi Roo - you mention approved in some capacity, but so far as I'm aware it's a Yes/No vote.
This is why I keep going back to Amigo's alignment with the FCA and have they? If the offer is rejected by customers it's because it's not high enough, from my view 50% or 100% of future profits would be a great deal compared to administration, so why did they go in at the level they have?
https://debtcamel.co.uk/amigo-seeks-scheme-arrangement-complaints/
She says people that haven't claimed yet will likely get more from Administration than the scheme, thus is advising people to vote against.
I've posted a couple of messages challenging this and advising people the scheme is the best option, but more opinions from others would help!
I think it's good news if they can get it through, it means there's light at the end of the tunnel like the banks enjoyed with PPI (even though they could afford to pay their way out of it).
My guess is they've seen the current level of claims continue and so this needs to be done to avoid us sinking under all those