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You'll be able to buy when out of auction, probably above the 15p mark.
Straight into auction
18p
"Looking ahead, we are seeing significant pent up demand for loans from those who are unable to easily get credit from mainstream finance. It is vital that these millions of UK adults are able to access credit from, regulated business such as Amigo, rather than less reputable alternatives. Financial inclusion is going to be increasingly important in the months ahead and we want to play our part in ensuring the underserved have somewhere to turn for help and support."
First hurdle over.
I consider this an excellent RNS!
Yep... I can buy...
Did all my buying between 130 - 140 though.
It would be great if an announcement came out...
Imagine...
6 fist sized blue diamonds discovered :D
One can dream
It's having a good go already... a steady 5 - 10% per day is fantastic...
Still lots of buying too.
All of the movement this week is driven by sentiment...
The only real changes in the last 2 weeks is that II's have bought big stakes.
Everything else is just opinion...
The next sniff of good news will send this up into & beyond the teens again...
When approved, anywhere in the 25p - 100p range.
It might seem early, but with the II's buying in at around 13 - 14p, anything below that is a bargain for me.
I just freed up some money from RR to load up again here...
Can't believe I got another buy opportunity sub 11p.
There was plenty of warning of stop losss here...
Of course the MM's will drop it further than fair, to hoover up the weak sellers.
Its days like this I really do feel bad for people who were scared into selling.
If i was considered approving AMGO's redress proposals, I'd want to ensure everything up to now was completed as agreed.
It's only bad news if they messed it up...
Unlikely as that's all they've been doing since last year.
Suddenly a jump up...
Looks like this is why the price has been supressed despite buying
Vontobel Holding AG declaring 17.8%!!!
Previously 0.
Am I missing something or is massive news?
RNS out... huge stake taken.
It looks like Provident are taking the exact same approach as AMGO...
It puts the FCA in a tough place, but IMO it helps AMGO...
FCA will need to act consistently. If it rejects both then 2 key lenders in the uk fall into administration.
I think its unlikely to happen.
I think the technicals are useful in a steady state company...
Here the ups and downs are heavily influenced by news and sentiment.
My personal thoughts are that charts dont mean a lot to AMGO right now.
Massive spread this morning...
I was hoping to buy a few more sub 14p :)
Yeah very strange... I didn't have that... looks like its just them being slow ;)