Member Info for E_AL

Guys, out of interest what stops you from emailing IR with your suggestions & concerns. I've done it on several occasions and managed on some occasions to speak members of the BOD.

Last year I spoke to MD of an AIM Oil company to have a better understanding about their activities and I've managed to convince him to do an interview with Proactive Investors to regain the market's confidence in the company and it worked.

Give it a try :)

Gasman9 Perhaps this is why the are keeping the sp tightly controlled to load up on the chea? If you look at the trades in the last couple of hours, a sea of blue & 80% of the buys were decent ones (>£5K)

It should break out this week, likely before Thursday

https://www.tradingview.com/x/HizsIn7m/

# Trades 660

Vol. Sold 9,792,005
Sold Value £523.87k

Vol. Bought 14,115,905
Bought Value £755.20k

Branson, I hold a decent position here because I believe HUR is heavily undervalued.

My background is engineering and business, I read almost all of the company's recent statements and of course the broker's report, taking into account all the cons and pros, I genuinely believe that the sp should be at least above 7p. The only reason the sp is at the rock bottom (imo) is because of Polygon and the low volume. This is why I am keeping an eye on the TA chart, the sp trend is about to turn bullish which will attract trader's attention, something we need to bring back the momentum and to force Polygon to cover. 2 big chunks popped on the BID in the past hour which is a good sign that the sp is very likely to start creeping up from this level.

Another chunk popped up on the BID. Its definitely the shorter trying to keep the sp low to cover

804,376
5.3

Sorry, popped up, not pooped haha ... fat fingers

Nice chunk just pooped on the BID:

730,148
5.375p

I think its the shorter covering

I just topped up as well, looking at the technical chart, it should show some recovery from here. I had no luck with getting a quote but I managed to buy via buy order at the ASK price

Its easy to manipulate the sp when there is volume is low, now we hit the 5.25p support I think we'll see a little technical bounce from here

Thanks mate, I couldn’t find it on LSE trading record:

20.07.20
17:12:04
7.06
GBX
737
52.01
Off-Book
TNCP
XOFF

GBX
4,753,337
345,615.13
-

Mark, it’s not there??

I just checked today’s trading record and I couldn’t find JB’s 1% sell?!!

Isn't it strange that we didn't see sp reaction to the RNS?

My advice is: DONT PANIC and listen to the doom and gloom noise.

The company has a new chairman with a proven record of achievements in the finance sector, Glen is back as a CEO and there is a pile of cash in the bank after paying provisions.

I see new names showing up today for the first time trying to spread doom and gloom.

The new Chairman's RNS is a big news, one step closer to bring back JB to Amigo, hence he said last week that he is [Currently considering options.]

From the results: As at year end, we had equity of £167.4m after making the £117.5m provision for complaints, and as at 30 June 2020, we have unrestricted cash of over £135m.

**********Whilst originations are paused, the business continues to be highly cash generative as demonstrated by the positive cash flows built up throughout Q4 and post year end, with over £135.0m of unrestricted cash held at 30 June 2020.

Cash flows and liquidity

We generated £554.5m in free cash flow in the last financial year (2019: £515.7m), which is equivalent to 1.6x current year originations of £347.4m (2019: 1.1x) and 1.2x current borrowings at year end (2019: 1.2x). Total cash collections were £594.0m versus £543.5m in the prior year. Statutory net cash from operating activities was £122.0m in the year (2019: (£5.4m) cash used). The Group has maintained its strict capital management processes and has continued to invest in its people, processes, marketing and infrastructure whilst also continually monitoring cash versus borrowing levels.

Like I said a couple of days ago, the bidder offered Amigo 21p/share to takeover; he signed NDA with the company and had access to its financial records, things didn’t go according to the plan because of the market instability (in general) due to COVID-19, he then contacted JB directly to buy his shares. Logically, he wouldn’t have offered 21p/share if he wasn’t pleased by what he saw in last year’s results and the Pile of money which the company has in hand and the loans book.

Why not to ask the question to JB on twitter?

Bristolian, the technical chart Is showing A nice bullish sp trend In progress and we already know that the revenue & profit of Q1,Q2 &Q3 were good so if there won’t release any nasty surprises on Monday then I can’t see why we wont we get a recovery marathon.

We know that the sp lost most of its value since the beginning of the year (86% down) & all share/note holders complained about the poor performance of the BOD & SP (especially JB) so logically they should try their best to pick their words wisely and present an optimistic outlook for all the of us out there

“ THGambler, it can only go lower if they are out of money on Monday”

C’mon let’s not talk nonsense, Amigo had a cash balance of over £136 million as at 30 June 2020 and made profit of £21m last May