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I wouldn’t put it beyond the realms of Possibility that Alchemy could act on behalf of someone else to take Over the Group. But that would mean a Revolution in the industry that would make it modern and slick whereby your Credit Score would actually mean “Something”. At the moment you are either Top 10% Score or you fall off a Cliff. That would require serious Investment. At the minute it Ticks along.
I don’t see Alchemy taking over themselves. Too Large to take on ? They sold EDL before. EDL has more than Doubled in size Nevertheless. EDL is a Unique modal which is geared towards what I Report above.
The Q remains - Why take 29.95% so Quickly ? It leaves them Nowhere to go. Did they Calculate it was that cheap at the time ?
Here we are 3p.

I wouldn’t trust Hardman with anything. They are paid to promote the Cream. A Fantasy Outcome. Never a realistic and achievable outcome. The Group cannot Stop throwing money away. Why don’t Hardman produce data on their own success Rate ? Hmmm...

Is it possible to Map a Reservoir to a degree with 1 Drill (SERENITY) ? - Obviously it isn’t as i3 need Appraisal Drills to prove it up - But what % Accuracy could be possible re Estimate Volume of Oil on 1 Drill / If it turned out they Nailed the Drill ? Which I think they did.

If you Invested at £1 then I think that is a Big Learn for you. PI have to be careful re IPO’s. The Money men put the cash in. Whilst we jump on their backs / They reduce their Share on the Market but retain Control over the Direction. They then buy in at lower Levels and up she comes. However I do not think anyone could have Forseen sub 20p / Let alone sub 5p. SP Engineered to stay low and the “Going Concern” compounded by the Redress continues to keep the lid on.
Seen the same thing on Metro Bank.

Serenity must be Big / Otherwise they would not have raised the Capital from their Backers to make the 2 deals Stick. Once we are out of Europe it could be Full Steam ahead for the Project. Fingers crossed it will catch up with Reality.

Can't believe that Q is worthy of a response. No. What he is saying is that the Profit is better served by Issueing Credit from existing Returns as Outside money brings higher Cost. The Key here is that they were Recruiting more Staff. This means that existing Returns must be working / to some degree at least.

Could do with $45 PB on WTI. Read a Report that Oil has 50 years. 2/3 used in Transport to fuel Combustion Engine. Got me thinking that the move to Cleaner Energy is not so much about the Environment / More so that Oil has 50 years and needs extending.

You did not mention the Loan Book though did you in your Original Post. You said “Re Lending”. They are “Re Lending”. Of course the Loan Book has reduced. The Company behaved properly and Stopped Lending during the early Months of the Pandemic.
The Report Forecasts Loan Book level to return to previous levels by 2022. And given the Fact that Lending Volumes are now showing Growth then ...
Why are you on here, do you mind me asking ? You will light a cigar when the Group folds.. ?

Just to Clarify. It’s in the Un-Audited Half Year Report. In both Branch Based Lending and Home Credit / Lending returned to Growth in Q3. It's in the Report. Read it.

Dear all. This is Wrong. I can firmly predict that the Loan book is now Growing. They are NOT “Collecting out the Debt”. C’est la vie.

The £285m is not payable until AUG 2023. Serviceable at 2 bi Annual £8m Payments. Could they not get to a situation where their 800 Strong Staff actress 3 Businesses produced enough Profit to raise a Bond on the Market in better times. There is time .. Is there ??

FCA came in. Said “Not happy with this”. You Options are 1 > We Stop you lending and run through your business or / 2> You develop your own methodology and redress and you can catty on lending. It doesn’t make sense to me. Doesn’t matter what we say or think. It’s purely in the hands of BOD who only sell 1 Product. Cash.

Until the Going Concern is lifted ... Then ... It seems they’ve (BOD?) are happy for this to Trade as low as possible for as long as possible... Hence announce Equity Raise and then just leave it out there - Knowing Full well that Redress in place and not finalised.
Where is the Vision to deliver a Staged Recovery Plan ? Just carry on Trading ...

Yes - Agreed GGG on all counts. However ; I was looking at POO last night and prior to JAN 2020 it had held at $60 for 3yr prior to that. Re the Canadian Market / It’s an Interesting Play. And I guess you wouldn’t just Sell up and buy Lower on AIM as the Canadian Market being less fluid and high appetite for Resources may have bigger spikes ? And more Iikely always trade above AIM.
Come on Serenity. Let’s empty the Res within a 10year plan. The World needs infrastructure re build and for that you need black gold.

Milnrowmug - You can’t. You can only Buy and Sell within the Market. It makes sense to me that there will be fluctuations between the 2 Markets / Dependant on Stock in Floatation v Demand within that Market. It also makes sense that AIM is lower price than Canada as Canada will most likely have less Stock ? If you were in Canada you should Sell and buy on AIM as lower price / so ultimately it will even out but from time to time Fluctuations will occur due to Stock avail and Demand within that Market.
Or I could have it completely wrong.

Where do we Start theMuir ? Lol. Chuck a Pound in 5 years ago. Come back to find instead of it being worth £1.50 / it’s actually worth 3p. So that Pound has gone somewhere. There’s now more Employees and EDL Offices 36 to 72 ? Loan book and Revenue grew pre Covid. Lawyer took their % last year thank you very much. Covid came and some Customers no doubt ran off with the money.

So when they bought Trust Two and George Banco Guarantor Loans - No one had Guarantor Experience then ? ...

Mav. Have you seen the Renumeration of the CFO ?

Yes Jinny. You make a good case.

Hello SMJones. Re the Dilution. It all revolves around Alchemy. They maxed out at 29.95% at 30p Average ?? That Valued the Company at £100m ? So Paid £30m ? So their Goal will be to put the least amount of money in at the cheapest price to maintain the Biggest Share to get the ROI moving. And that means Dividend.
Interesting that Utley is in here at 7% and he basically did the NSF a favour by coming in as I cannot believe he came in blind without any consultation from the BOD.
So they have to look after him. Surely ?
Somehow they will come out Winners ?