Member Info for bransonbull

I've checked two share accounts and can't find any info about purchasing these? Let me guess...the IIs get them at 115p and by the time the emails come through we'll have lost our entitlement?

on getting cheap shares at 115p. Truth is you had to hold as of yday.

Gosh there are some naive posters around. This is good news for PFC - refinancing = much firmer footing, put SFO behind us. only 77m £ fine with the rest paying down debt and exploring new opp's

INsider trading ?

Reuters reckons Monday. prob will be as they need to report by 31st.
My experience of PFC results previously has been the SP falls...(at least since i owned). Also nervous about how they pay fine/ possible capital raise. However, there could equally be good news re: forward looking statement...post SFO. I'll hold...and top up on any weakness Mon.

With Brent at 84.85 USD, i wouldn't want to be out of this over Xmas

Checked my trading account and was lucky enough to sell 6000 X 2 at 200p and 201p. After 20 years of bad luck/ investing, finally some reward!

Good post Maverick. How many Mavericks on these BBs? Are you the AMGO one too?

Chaps. my trades today have gone like magic. However, as i lost a fortune on HUR , im overdue some good luck. If you don't believe i sold at 2 quid and bought back 176p you clearly don't have DMA. Why would i lie?

Morning all. Lucky enough to sell 6000 at 200p and buy them back at 176p 30 mins later. They don't call me Son of Paddy for nothing. ALso another 6000 sold Friday 176p bought back 172. Just biding time to purchase the remaining load sub-170p. GLA.

Besides even after averaging down my av. was about 38p so whether buying at 1p or 3p doesn#t make a great difference when you're down 95-97%.

Sold at 2.43p. Didnt buy any at 1p as the D4E announcement v clearly stated that the conversion sp would be 0.1p. So theoretically, the SP was 10 X over-valued had HUR BOD and CBs got their way. It would have been throwing good money after bad, given how adamant the management were about wiping out equity.

I sold a couple of weeks before the restructuring was announced...lost 108ks in my pension alone. More in the ISA and regular account.
If a company keeps telling everyone repeatedly the shares are worthless and hinting there will be a huge D4E, i took the hint...eventually. But it's criminal they deliberately talked down the SP, lied about the water being perched after they must have realised, talked about billions of barrels yet there were 1% oil shows below a certain depth...which means the whole thing was a charade from the get-go. Made worse by utter incompetence and indifference from the BoD towards ordinary people who OWN THE CO. they work for.

He's on holidays? The co. has shafted the shareholders and many are down tens if not hundreds of thousands of pounds. I would like to see Chaffe, Maris and Corbett sacked.

....did the co. know that the water wasn't perched? I asked Phil Corbett directly about whether the water was perched as was posited at the CMD and he replied "mmmmmm". The company has misled and lied to investors consistently since the day Trice left. It's an absolute disgrace which has cost me my entire pension, practically.

Slifty. Tell us the truth....are you Lord Lucan?!

Was this to inform us that the results will be delayed as they are influenced by whether or not an SoA is in place...? Or was it to put pressure on the FCA by highlighting that the insolvency risk is real, on the contrary to what the FCA and judge asserted? Or is that the auditors won't sign off the accounts without a SoA in place? Either way, what short term is bad for shareholders will put pressure on the FCA to save the business IMOV.

I think Gary J and the BID made a strategic mistake in treating all creditors the same. They should have said hands up, top up loans to those already struggling were morally wrong.. but they should have vehemently objected to claims from those chancing it, whose personal circumstances changed significantly AFTER they made the loan application.
There is questionable legality here IMOV. You cannot retrospectively speculate that a loan was unaffordable after the fact. Affordability has to be assessed at a particular point in time...i.e. When the loan application is made...

The size of redress claims is unknown and uncapped, yet the FCA suggested there is significant spare funding available.
The FCA were quoted in a Guardian article of 24 March 2021 as saying they did not have the regulatory powers to block the scheme of arrangement, yet de facto blocked the scheme by intervening in the process at the 11th hour.
The FCA in effect created a false market in amgo shares by stating explicitly that they would not object to the SoA if the creditors voted in favour, then reversing their position.
The FCA's Woolard Review has emphasised the need for mid cost sub-prime lenders in the market, but in opposing the SoA, has caused unnecessary delays that are detrimental to the economic interests of unsecured creditors (both customers and shareholders), and made a capital raise to kickstart Amgo 2.0 more difficult
The FCA's QC statement suggesting an alternative use of cash , which belongs to bondholders, has increased the likelihood of the bondholders stepping in, leaving the FCA liable to legal action for damages.

All IMOV

Isn't the simplest way to get a letter of non objection from the FCA to threaten them with a class action for misrepresenting the true financial situation of AMGO? They misrepresented in court the value of equity, which was inflated by the FCA's own actions, and they suggested there were pots of cash sitting around that was accruing when this belongs to the secured creditors. They suggested an equity wipeout as a possible solution, with no consultation with shareholders, having failed to differentiate between shareholders that pocketed hundreds of millions, such as the founder and those involved in the IPO, and today's shareholder base, which is dominated by PIs. They also said they don't get involved in negotiations, yet suggested shareholders should take a huge cut. No mention at all of the role of CMCs in escalating the redress size by encouraging a culture of complaints, etc. ....or of people lying on their loan applications.