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Evening folks,
Can anyone provide me with a timeline on SOA key dates if any have been released yet? As I said in previous post, I expect it to go through but trying to shape a picture in my head of when FCA are likely to make a decision etc.
Personally I think the scheme will be voted for approval, those claiming are likely to be happy with whatever they are offered and the CMCs know that it is this or much less should they advise against approval.
CMCs have been pouring their cut (25% as standard) into their marketing machine to attract new claimants. The announcment of this should see that budget significantly reduced and a significantly lower volume of claims put through.
Additionally, the claims portal will make it easier for consumers to claim directly rather than via a CMC which will mean less stacked volumes dumped at once and ultimately CMCs moving to focus their attention on other lenders.
Very positive stuff, fully expect it to be approved and if so - we are on track.
Possibly a bit of a stupid question but AMGO was my first investment back in July, holding with an average of 8p at the moment however can someone explain how MMs work? Should probably know this as in here and other stocks but here we are.
Imagine we hit a few stop-losses this morning and those who aren't in too big a loss here at the moment will have sold up this morning to invest elsewhere - very little going to happen on this share for the next few months now.
Hounddog, not looking for an argument but genuinely interested in this. What has you so emotionally invested your forecasted demise of AMGO when you are not financially invested? You are on here almost hourly each day.
Average was already way too high, hoping to be wrong and we do see some movement up tomorrow. If not I still have some funds free for another topup whatever the new low becomes.
May have been a bad call to top-up today but last few months have proven that it's literally impossible to say what is going to happen next here.