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Exactly this VB. I wonder if the systemic issues at FOS could have a bearing on the decision for FCA approval. Obviously the huge backlogs are an issue, and if they are able to clear a large percentage of those (due to huge increase in guarantor lending complaints) by passing the SOA, this may help their position also....?

Sara (Debt Camel) says

March 10, 2021 at 3:40 pm

Of course the real problem with lenders going bust is that there is no compensation scheme to help their victims.

ELI5. If results are non negative/positive this would support Bybrook taking a long position ahead of results day. If the results aren’t great, as probably expected, that would support the position of vote the SOA or potential insolvency, but with the additional profits from future years it looks promising as there are large II buying in expecting a return so even more promising for SOA. But if that is the case then why wouldn’t Bybrook wait to get in at a further reduced price post results.
What is a good outcome for news on results?

"The harms which can arise in sub-prime credit markets must be balanced against the
harm of not accessing credit at all. Respondents to the review were generally in favour
of having wide access to credit where it is affordable and sustainable. "

Q1 would be considered early 2021

I get what you are saying, is the route taken that the vote is opened up to all with a previous loan to vote, in order that those "not entitled" or not expecting any redress would likely vote in favour of the SOA and have a majority vote over those would would be at a disadvantage if the SOA was approved?

Majority*

Is forward looking at potential complaints

Could well take a hit, or may not, the share price is 80% up on the low from last Wednesday on the back of the changes to the board and sentiment.
The results from Q2 are outside the control of the current BoD, and moving forward will rely on the FCA’s view on CMC’s. GJ is well versed in the position of fixer, and his appointments have been well received.
Ultimately it comes down to your interpretation of the Information available and if you believe the fundamentals are there. As someone with a view to a long term hold I believe this is a great entry point, but if you aren’t sure and want to de-risk, you can alway wait until results drop. The share price will be significantly higher this time next year, just depends if you’re happy to sit in it, given it may well fluctuate before it’s true value is realised. This has some assumptions in that the FCA see sense but given the latest CRO appointment in Paul Dyer, this bodes very well IMO.
Just my two pence worth DYOR

Replying to Itisagame, I meant your logic

Regardless of whether people want to ramp or deramp, there’s a lot to be said for the maths and the logic.

Don’t get me wrong, it’s not going to be a pretty Q4 or and I wouldn’t blame anyone for getting out at a loss now, it’s risky, but I guess it all comes down to risk appetite. There’s lots of other stock to make short to medium term gains on, but my personal opinion is that if you were in for the long term then there’s is no difference between two weeks ago and Q1/2. Checking the sp everyday will cripple some but it’ll rise and fall, great for day traders, but if you are in for the long haul and know the risks then this week is just one of them things. Onwards and upwards.

See the lowest this has been tomorrow

...If this was an indication but I suspect not.

2020-11-03T16:29:31.680 GBX 6.868 1 0.06868 Off-Book XLON
2020-11-03T16:22:57.913 GBX 6.776 1 0.06776 Off-Book XLON

TradeUK, amigo is lending to key workers, this extends far beyond NHS Staff. Without doubt NHS employees have always been and will continue to be key workers, however the term also includes people in the supply chain, supermarkets, infrastructure, finance, pharmaceuticals, etc....
Amigo’s demographic obviously isn’t everyone within these industries but no matter your line of work there will always be people in need of credit that can’t get that through main stream lenders.
The news today on the country wide lockdown is no doubt going to have an effect far reaching, I would love to believe everyone has savings to see them through but we all know that’s not always the case, and if Amigo can Bridge that gap over what may be a difficult few months for some and make it easier and cheaper then I struggle to see why this isn’t a sound investment.

Only my thoughts though, and I’ve often been wrong.

GLA, hold tight.

Gabriel, didn’t know that’s what they were called but the StockMaster iOS app has a dedicated graph showing the dragon fly doji candlestick, and it is exactly how you called it.

Everyday is a school day.

Followed olly, Mikey

Nice buy after close, expect an RNS maybe

15-Oct-20 17:07:54 10.32 500,000 Buy* 51.60k

A big factor of joining as opposed to reading from the sidelines, was to use the filter.

But unusually quiet from the green boxes on a positive day so now I’m curious...

What is with numerous (10+) buys of 20 shares at a time?

It could be possible they will delay lending until December (just in time for Christmas), making first payments due in January for a clean start to the fiscal year? No complaints if this is completely wrong and it starts next week in line with the hiring start dates