Member Info for Beevorma

Lol Claire, they literally can’t asset strip...

my thinking is more in line with Caspers'

Hi Yuri, good to see you're still around.
After the last results call I was feeling much more optimistic that the provision for claims is a large chunk of what will be finally required + the plan for "Amigo 2.0" with a diversified product offering and variable interest rates to widen margins to cover the increased cost of lending to some customers.

just wait for the next update end Feb

gutted about all the shares i wanted to get into once this had recovered!

HH only joking mate. But you're right you can kinda tell when people have dumped or not, most only stick around for a few days after though unless they're looking to buy back in cheaper.

Is Yuri still around?

Mark I don't think we'll see too much movement either way until we've had the next results and an update on the claims tbh...

agree I'm much more positive following the investor call than I have been on the 2 before.
I haven't traded this nearly as much as i should have because I was always so far down, otherwise I'd probably be in profit here too.
mind you HH you did accuse me of changing tone and trading when I hadn't so not always right :-)

dilution is a bit unforseen at the moment, it depends on the run rate of the claims i guess.
on the investor results call they seemed pretty sure the provision is going to cover most of the claims now, but if it doesn't then maybe in 12m time when they cash is gone and debts are due this could be an option.
be pretty devastating though...

I'm sorry Franky and GCN, but I can't accept anything but blind faith, you are both filtered!

and those costs are included in the provision...

my take on this is that actually for some (highest risk) they will also offer a higher APR...

Got to say I feel much better and more confident about the long term after having watched that, the info shared by Gary and the team was much more detailed/useful than anything we had before and the point around them targeting all parts of the sub-prime market is huge IMO.

It all depends on the claims, how much are they paying out, on what % of loans, are they increasing/decreasing.

Everything else is pretty much irrelevant now

don't forget Invest_Share101

lol seamus

sugar, what just happened :-O

magmanus_49 give it a rest mate.
you must be as far down as i am the rate you keep going on

I do like the guy and the video he did Seamus, but the pure volume of claims being lumped in by CMC's and Money Supermarket try'ers could be unmanageable and that's what worries me, it takes a company the size of a Barclays/Lloyds with huge untapped credit to survive such things so getting back to re-lending is key. As Yuri mentioned they're sucking the loan book dry and there's nothing new coming in.
The issue is it's a system which is super easy and free for the claimant, whereas Amigo have to investigate each in detail and then pay £650 when they've rejected and it goes to the FOS (again easily and for free). If he pulls it off all you guys that got in at this range will be millionaires, with my average I might at least get my money back which unfortunately is now pretty sizeable!

Hi Seamus, yes i made the same comment that (although i didn't like the message being delivered) it did at least seem a bit more transparent than ones we got in the past.
The only thing i keep waiting for is the word SORRY, as it seems we've gone from "there's no systemic issue at all" to "this is a turnaround job" without any acknowledgement whatsoever!