Member Info for bransonbull

And producing assets , cash, tax losses....

Thanks a lot ISA Investor. Appreciated. As for DebtCamel @ Sarah. She makes valuable points...but she doesn't present any viable alternative. This is the only game in town for those owed redress and shareholders.

The judge is called Sarah Jimmy apparently. Fingers crossed.

We are a lot more likely to get the SoA approved as 1 we are offering an unprecedented deal on future profits and 2 we stopped lending over a year ago apart from to key workers so insolvency if SoA not approved assured, which paradoxically is our saving grace.

Any sign of Vinson? We could do with a dose of positivity here.

I'm very long but sympathetic to some of pickles' points. We need to lower those interest rates both for moral reasons and as good risk management. It can still be a highly profitable business and charge lower interest

Personally Johnny boy , topped up another £16ks at these historically low prices.

The 100 posts / day detailing his prowess in selling at an £11 loss and denigrating anybody holding were highly insightful.

Yes they still have to repay the basic principal less the interest and with redress on top

would not surprise me if FCA express some reservations, AMGO make some modest adjustments in consumers' favour, vote goes ahead. also if the SP hits 40p as per Guardian complaints, that would only be if they are making SERIOUS profits with new originations....in which case consumers would be getting compensation. I've said b4 AMGO absolutely need to reduce the 49.9% interest rate as it's this that's leaving them open to accusations of exploiting the vulnerable. Position it just below bank overdraft rates or lower....less open to cricitism.

Bizarre how sp held in holding pattern all day. It barely moved after initial drop. Shorts holding it tightly penned in maybe?

You only live once and you can't take it with you when you go. Ridiculous mkt cap relative to T/O, prospects, debt level etc. DYOR.

Smithy, "I'm afraid to say". Every post you have made makes clear you are short and have been for months.

Gosh the two penny bit posters have turned up. PFC had 4 billion turnover in 2020, they have 3 billion confirmed for 2021 already. The 1.65 billion contract in UAE was cancelled due to COVID last year by none other than ADNOC group. The news isn't great , but the fact is they will keep two existing infrastructure projects . They have also recently won work in Oman and Kuwait.

The debt is relatively low....Brent is 70, the industry is picking up, as will profit margins.

Dear amigo brothers and sisters.. why are the trades reported on morning star not showing on other sites? How come morning star is able to report off book trades but other sites not?

Morning. People say the SP has been trashed by trolling and derampers. But it is valued at 170m already , which is a hefty mkt cap for a business with very limited turnover , so far only from DD. The potential is there for rapid growth, but let's not get ahead of ourselves on what is a realistic mkt cap

Judicial review , anyone? I'm sure there are complaints but what if amgo challenged the very high uphold rate....which may in part Ben due to lack of resource space and logjam at the FOS? Esp. If they found they were they phoding as they get paid 650 quid a time, so things weren't scrutinised properly???

I'm glad for everyone that this has resisted and at about the same sp! But, be careful putting your eggs in one basket....this is a potential high growth firm still in its start up phase in term of staff numbers. It is also valued at £170million plus already. People are assuming 1p if good news. That is already a mkt cap of £320 million for a firm with tiny turnover.....so don't get carried away with the 30p targets pre suspension.....that would imply it's the new Tesla..GLA

Amigo?

Maybe this relates to a proposition to the CBs to swap some debt for equity. Some dilution is better than no cash for FWP. This is implied in the concept of partial equitisation.

As for the reminder that if we can't get agreement on the FWP, there is a risk of dilution or going bust, obviously we need to keep producing and come up with a FWP....but if we can pay off CBs early using prodigious cashflow from high Brent, we have various options, FWP, farmouts, selling hur with no debt and huge tax losses and infrastructure, m Shell keen on West of Shetlands etc.

Motley article forgets to mention 100m free oorsting cash flow generated, and debt reduced in a year by 287 m by paying down the securitisation facility.so net debt greatly reduced. And the expansion plans under amgo 2.0