Member Info for EM88

Why is PPS the only Hydrogen stock that's down today? AFC and ITM both are up drastically. Anyone have any idea?

What are people thought on 10th March results? I bought back in following yesterday OPEC news, happy days. With rising oil prices to come and over the past 6 months along with decreasing debt on balance sheet, I expect a strong update that will take this back to 80p+ prices very soon.

Also did anyone look at today AMIGO JP Morgans TR1- ALL SWAPS...means Sweet F All, all we know is private investors used JP Morgan to obtain Swaps in Amigo. It Like MR A going to JP Morgan and requesting them to buy on their behalf. Their ramping JP Morgan bought amigo its Ramping Nothing but a facade. Exactly what I thought it would do is drop back to 12p. NSF is the only stock that went up because of a GOOD trade update and so will continue to rise into next month IMO.

Also did anyone look at today JP Morgans TR1- ALL SWAPS...means Sweet F All, all we know is private investors used JP Morgan to obtain Swaps in Amigo. It Like MR A going to JP Morgan and requesting them to buy on their behalf. Their ramping JP Morgan bought amigo its Ramping Nothing but a facade. Exactly what I thought it would do is drop back to 12p. NSF is the only stock that went up because of a GOOD trade update and so will continue to rise into next month IMO.

such rubbish- so lets think the biggest shareholder who is supporting this placement Alchemy who own close to 30% is going to take a dilution at 5p (below current prices and pre-Covid Prices) to raise funds? are you deluded. Give me one reason why they would choose to do that over offering a much higher price in order to raise their current holdings. Mark my work offer will be 8p + minium, Very likely 10-12p

Yeh I agree, we will see trades and a gradual rise into next quarter. I doubt the new capital raise off will be less than 10p-12p. I doubt Alchemy will be going for anything given they hold 30% of holdings. Think about the logic if you were them would you lend money to buy stock for anything cheaper than pre-covid prices and dilute their stock even more? I highly doubt it. All you need to do is just be patient for the next 6-8 weeks and buy the dips.

like how dumb can you be to say NSF is riskier they just released a over than expected Trade update! and Amigo rise was just another Game stock Pump and dump, no real fundamental value apart from TR1 of JP Morgan. What they dont realise that any Private rich investor could go to JPM and request a Swap where JPM would buy on their behalf. so a TR1 from JPM doesn't mean much unless you actually hear news that JP Morgan has invested directly from them.

Thanks Mark_rs will take a listen. But they did say they “If the scheme does not proceed, the high level of complaints could mean that Amigo becomes insolvent,”. And we know that complaints from Amigo are still rising by these Bastard claim Sharks, their complaints are leading in the industry.

Cheers Bustegonads56, I still think Amigo will come through personally, but at this moment I have chosen to sell and buy NSF. I understand a big raise is due, but not until Q2, and I cant imagine their biggest Shareholder will negotiate a price at this level or below as would place them in a disadvantage as well. In addition complaints are at much lower data compared to Amigo which is still rising and as much and people think this placing is a risk, we forget that amigo had warned of solvency if the FAC do not pass the redress scheme, which to me doesnt get more risky than that and is a bigger gamble. What ever you choose to do, wish you all the luck and hope it work out, but I'm happy with my gains from 9.9p Hold.

https://www.proactiveinvestors.co.uk/companies/news/942849/amigo-tops-financial-complaints-chart-as-guarantor-loan-cases-soar-942849.html

Alchemy, the group's largest shareholder, who was supportive of the proposed capital raise, has confirmed that it remains supportive of providing further capital to the group and is engaging with the board in this regard.

I Personally think comparing both AMGO to NSF, Currently NSF has less risk and has more room to double up pass 10p+ value over the next month prior the Capital Raise.

''Guarantor loans - Following the FCA's review of the Group's guarantor loans division as part of a wider review of the guarantor loan sector, resulting in a £16m provision for redress announced in our 2020 half year results, lending volumes were minimal in the second half of 2020. Economically, the younger customer base has been harder hit by the pandemic than our other two divisions and calls on guarantors have been constrained due to the pandemic, resulting in a marked increase in impairment. Collections nevertheless remained robust during the second half of 2020 with the result that the net loan book reduced by c.40% versus the prior year. We are working hard on the redress methodology and hope to have concluded the process with the FCA early in the second quarter.

Group - Branch-based lending and home credit delivered a solid trading performance during the second half of 2020 in what were extremely challenging circumstances and overall, the Group's combined net loan book declined by c.27% versus the previous year.

Liquidity and funding

The Group has continued to operate within its financial covenants. The combination of lower levels of lending with a solid collections performance meant that as at 31 December, 2020 cash at bank had increased to £78m and gross borrowings were £330m.

Capital raise

The Group now needs to strengthen the balance sheet by raising sufficient new equity capital to support future growth, avoid future covenant breaches and to address the material uncertainties regarding going concern. The Board has therefore commenced work on a substantial capital raise with the support of Alchemy, its largest shareholder with a view to completing this in the second quarter of 2021. Once completed, the Group will be in a strong position to take advantage of what it believes to be an exceptional market opportunity in the non-standard sector.''

AS you can see re the capital raise - its not till Q2 and their working with their Largest share holder to do this. I doubt they will take anything below 10p Given their recovery. This was in its 20s Pre Covid, unline AMGO still in the same Boat. Apart from few TR1s

Tue, 23rd Feb 2021 07:00

RNS Number : 9602P
Non-Standard Finance PLC
23 February 2021

Non-Standard Finance plc

('NSF', the 'Company' or the 'Group')

23 February 2021



Trading update

The Board of Non-Standard Finance has this morning issued the following trading update. The audit of our 2020 results is now underway and the information given below is unaudited, pending the completion of the audit process.

Branch-based lending - Whilst there was a strong pick-up in loan volume during August, September and October 2020 with new cash issued running at c.£10 million per month that stabilised the loan book, the subsequent tiered lockdowns, which were particularly severe in our customer heartland, reduced lending volumes in November and December. As a result, the net loan book at 31 December 2020 was c.20% lower than at the end of 2019. Whilst a consequence of the COVID-19 pandemic has been a significant increase in impairment and provisions, it has been most encouraging that the loans written since the start of the pandemic have performed better than our historical average and in the second half of 2020 we also saw an improvement in the collection performance of the COVID-flagged book. This robust performance of new lending illustrates the strength of our face-to-face lending model and augurs well for a return to strong sector growth once the economy begins to open up again.

Home credit - Loans at Home also experienced a significant uplift in loan volume during the second half of 2020 with new cash issued running at c.£5m per month. Although growth in lending volume continued in November and December due to the normal seasonal pattern, this was down by a third versus 2019 as a result of the tiered lockdowns and the closure of retail in December 2020. Collections improved on the whole loan book in the second half and the number of COVID-19 flagged customers had reduced to less than 1% at the year-end with the result that impairment as a percentage of revenue in 2020 was significantly lower than in 2019. This strong collections performance, in conjunction with lower lending meant that the net loan book ended the year down by a third versus 2019. We expect to see a significant increase in demand once the economy is opened up as our customers resume their normal lifestyle. There may also be opportunities to take advantage of some competitors contracting their business in this sector.

Guarantor loans - Following the FCA's review of the Group's guarantor loans division as part of a wider review of the guarantor loan sector, resulting in a £16m provision for redress announced in our 2020 half year results, lending volumes were minimal in the second half of 2020. Economically, the younger customer base has been harder hit by the pandemic than our other two divisions and calls on guarantors have been constrained due to the pandemic, resulting in a marked increase in impairment. Collections nevertheless remained robust during th

Sold amigo stock to buy NSF at these prices, Amigo has still 2 Major obstacles to pass, Court hearing and FCA decision with and no yet hard Trade update unlike NSF. Its a no brainer.

RE AMIGO:
''A NO from the FCA would force Amigo to file for bankruptcy, which is clearly stated in its proposals for the scheme of arrangement to settle outstanding claims. The FCA is still reviewing the proposal, which is why retail investors should exercise caution when investing in Amigo.

Remember that a million-dollar loss to an investment bank or large institution is relatively small, while most retail investors cannot handle such massive losses.

https://www.asktraders.com/analysis/amigo-loans-amgo-shares-surge-21-3-as-institutions-buy-more-shares/

I’d wait for the FCA’s decision before taking a long-term position in Amigo.''

Sold amigo stock to buy NSF at these prices, Amigo has still 2 Major obstacles to pass, Court hearing and FCA decision with and no yet hard Trade update unlike NSF. Its a no brainer.

RE AMIGO:
''A NO from the FCA would force Amigo to file for bankruptcy, which is clearly stated in its proposals for the scheme of arrangement to settle outstanding claims. The FCA is still reviewing the proposal, which is why retail investors should exercise caution when investing in Amigo.

Remember that a million-dollar loss to an investment bank or large institution is relatively small, while most retail investors cannot handle such massive losses.

https://www.asktraders.com/analysis/amigo-loans-amgo-shares-surge-21-3-as-institutions-buy-more-shares/

I’d wait for the FCA’s decision before taking a long-term position in Amigo.''

Support has been tested at 6.5p -this stock will to until Q2 where is should be 10p+ I would expect the capital raise to occur at 10/12p Level nothing lower.

From the recent trade update, which I would advise you to read to do your own research, we at least know it has more fundamentals and much less risk than Amigo which has moved much more with no real update and still 2 Major obstacles to pass in Q2 on its court hearing and FCA outcome. Where as NSF, If this was in the 20s pre Covid and with pre the FCA review this has only one way to retrace over the next month following the recent Trade update and back to lending.

I think every share will go up in waves and following TLW that always been its case after a week of constant rise, a slight retrace is natural effect when no further news is expected until 10th March. Secondly, Brent price has retraced slightly to around $64 which will have a negative sentiment to all oil companies come Monday and especially when OPEC meeting on 4th March planning to also increase production, which could even see oil hit back to $63 this week. its all IMO I'm not a G-d but that's my reason for waiting it out.

Lets see How Monday Plays out, I held TWL sold at 43. Happy with my decision but will re-access entry if it hits 36p which I think it looks like it will.

only my opinion - was pretty close to 40 at one point - def didn't have a moon day as you all were pumping for

Hope it will recover following week though ahead of RBL approval anticipation