Member Info for Beevorma

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.

It’s all same product at the moment @ 49.9% APR. Weird that they categorise it.
It’s the APR that they said they would change in the last update call to reflect higher/lower risk levels

HH when this is £3 per share and i'm a millionaire you can be my financial advisor and tell me if my Lambo should be black or yellow

They can lie and “because they were desperate” it still goes against amigo

Utter bo!!ocks

Blimey HH 2m, you’ve been trading this well. I’ve only got 320k for probably similar cost!

Hi Seamus, agree totally with your assessment of Hamish & co, but would also extend that some of these claims go back to before that board as well

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?

or was it 4D, getting old LOL

well fingers crossed for you mate, I had N4 years ago was a good little share only sold because I'd gotten a decent bounce at the time

Massive disappointment expru? LOL

saying what?
nothing to announce, the SOA and relending will come concurrently and that could be until end Q1.

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!

Yes because it going from £3 to 8p isn’t a hit for shareholders is it

More info in the investors part too

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

Seamus as always it depends on the claims, how accurate is that provision, can they restart lending both responsibly and with sufficient profit to cover potential future payouts?
Subject to the above it's 0p or £1-3 per share in a few years time for me...

If he had gotten in I think he equally would have been up tot he challenge of sorting this out.
Only time will tell if GJ is able to keep us afloat