Member Info for Bustergonads56

I agree almost entirely with your view on this Seamus however, as I posted yesterday afternoon one of Paul Dyer's previous positions within the leadership team of the FCA was key to his recruitment to the BOD.
I have little doubt in my mind that Paul has been working on this with the FCA behind the scenes since min November, and along with the rest of the AMGO BOD and senior members of the FCA team have worked out the possibility of a successful outcome prior to releasing their intentions.

I hope you're right Glasir. This Dinosaur decided to take a little punt two weeks ago as a short term gamble at 0.1434keeping one eye open for the next pump. Half a chance of a bit of profit, however its ALBA that will give us a real return as a longer term investment.

I may be off the mark here however I believe this morning this mornings RNS was excellent news for INVESTORS moving forward in to next year.
I also believe the influence of Paul Dyer following his appointment in November is instrumental in seeking a Scheme of Arrangement.

Quote RNS 10th NOV.
( Paul has a wealth of risk and regulatory experience having been a member of the FCAs senior leadership team for two years )

I don't think this decision was taken prior to Paul speaking with some of his old colleague's within the FCA.
This mornings news was good enough to prompt me to topping up yet again, eighth time now averaging down to 0.1078 however I'm not attempting to ramp this therefore make up your own minds, just my opinion.
Good luck to each and every one of you and have a wonderful Christmas.

Ha ha, very good seamus. Appreciate your point of view.

I'm not talking about Covid being the risk. Its the responsibility of lending in the current financial climate, along with Amigos under righting criteria and how that process will be scrutinised whilst claims are coming in by both the Media and the FCA that concerns me, and I'm pretty sure our BOD.
Like it or not. Covid -19 will have an impact on our business. In Amigos case I think a positive one in the long run which is why I am so heavily invested, or just blindly legged in ha ha.

With the claims situation, and the provision take to cover that eventuality I think its only fair to say the Board will be attempting to look squeaky clean in the eyes of the FCA.
Much as I agree with all the comment about how critical the re lending issue is to our survival the last thing Amigo now needs is adverse publicity when lending kicks in again.
Imagine the damage, should people like Martin Lewis or the great British Press get hold of a story whereby Amigo, knowingly or not accepted a customer on furlough or with potential redundancy hanging over them.
Have a little confidence in the new board. I don't believe we have a quick fix here however, in the medium to long term there's a great chance to multi bag, and again I'm not ramping this.
I've taken the opportunity to top up on seven separate occasions now averaging down to a level I feel will return me a very tidy profit next year.
GLA and again have faith in the our new Board.

We may not see a significant rise in our SP as suggested on the board this morning, however with the great news and additional potential from ALBA, plus the RNS regarding the planning appeal for HH after yesterdays decision on Heathrow its definitely top up time.
For the record. No I am not ramping.

I am neither trying to ramp or visa versa Skwizz.
I actually believe Mr008 commenting on the gradual fall to be correct. However, I do think there will be a point in the coming weeks where it will be pushed up to 0.2 on the way, at which point I will be happy to net my 50%.
If not then so be it. As I said its a gamble and you cant win them all, much as it would be nice to do so.
GLA

Lots of negative comments on the board which I appreciate however, at this level its got to be worth a little punt in readiness for the next pump.

Couldn't agree more on the market Seamus.
Just wait until all the furlough brigade taking mortgage breaks and maxing credit cards for the kids at Christmas realise the interest charges are ticking up, then shock horror they fall in to the sub prime under righting criteria.
Options. Extortionate interest rates or Daddy stands guarantor.
Bingo Mis Amigos y Amigas.

Not just a great ramble old man. It is also a very informative post with some excellent view points for which I thank you.

Love your optimism on this one CJM however I'm tending to go with KKR. It wont stop me logging in each morning at 7am in anticipation though.

Customer base getting smaller ? You're having a laugh.

Just wait until all the furlough brigade taking there mortgage breaks and maxing credit cards out for the kids Christmas, realise they no longer fall in to the mainstream bank and finance co underwriting criteria.

Amigo competitor advertising campaign started yesterday on national TV WITH A 99.9% APR.

With the unfolding changes, this is only going one way and managed to top up again for the 7th time averaging down to 0.1112 and will continue to take advantage of any further dips.

My first post on the AMGO board so GLA.

Yes, so am I degsie.
It also looks like yet another day of buys showing as sell, which is quite frustrating and could put off new investors from joining us.

Complete persist take on the spread. quote on HL 0.402 buy, 0.3875 sell @ 2 45 however still showing a 13% plus spread

Oilcat, I couldn't agree more. I've held ALBA longer than I would normally hold however I will continue to take advantage of any dips to top up further, even though it may push my average up slightly and like you I'm selling none of them.
I believe the long term potential to be excellent here, the only downside being the number of shares in issue.

I feel exactly the same Josh however sit tight and stay calm. I’m in this for the long haul taking advantage of the dips to top up.
Bulk sampling results soon and that’s a different story.

Morning all. My bulk holding is with ALBA + AMGO however thought I will have a small amount in PFP. For the record, the 110000 sell showing this morning is actually my buy.