Member Info for Fforestgwmp

Sadly I don't think we'll see 6p+ short term, the last announcement from the Bod was for a £40m RI at 19.1, theoretically at 6p we can sell half our rights to buy the remaining half so higher SP and we're not feeling the same 50% pain of the poor redress claimants! Equally I suspect plenty of holders are fatigued and will start to sell this keeping the price low.

Personally I think we'll start to see things speed up, the pilot is open and will run for two months with a period of reflection, surely that puts at mid Jan, worst case it has to be done by end of Feb. Lending of the 35m can start straightaway with the only caveats on increasing this is that an RI is done and 15m is put in the redress pot, again worst case May but it's being looked in to now. If the Bod think within 12mths of relending proper, year 2, we'll be lending 200m/yr why wait? Get the pilot signed off and in the same RNS announce the RI and have it completed by April, not that unreasonable.

I've watched that over and over, is it one of those mystery eye thing as I cant tell which one is which!

Fair play to her, she's taught me the true meaning of the word inept.

Back business, come mks, let's take and hold a pound today please.

Dont worry if you see a 1 code today, was just me as I need the toilet.

Mags, 5p if Truss resigns? Can you send me a link to the just giving page, I'll try and get the house sold today and I've got a spare kidney. As Boris would say, Let's get Truss done.

#Franky4CEO

To be fair Franky there has been plenty of debate here about what is a 'few', I think you're safe until the end of the month, after that we expect your resignation. If it does happen this week then you will have bettered Gary's few weeks by some margin and we will offer you the CEO role. I say offer, as in an offer you cant refuse, we'll find out where you live.

Those RNSs shouldn't be underestimated, our Mr Beal is going for the slowest under the radar takeover ever!

I cant fault you for selling when you did and I possibly should have sold all, I partly didn't as I wasnt expecting to go so low, would have happily paid £1.50 in May, and I have perverse approach that it's good to have something showing a 'loss' to stop me from being greedy. I am biased with mks as its, today, touch of death, never failed me and is relatively predictable. Operating costs, energy, are a concern but they apply to all competitors which brings in to question of who are they, one of mks strengths is the range of products on offer, from home wear through clothing and food all in one store but at a quality and price that isnt comparable elsewhere. Staff costs and pay rises are well worth it, they are our core asset, not sure you've ever spoken to a member of staff socially but theres never a bad word said and that's reflected in the service you see in store. Ocado is a slight concern that it hasn't found its feet yet but regardless is a great move but needs some focus to truely pay dividends. Look at the stores and compare them to competitors, they're fresh and forward looking, on food, where mks should stay 'special' then Waitrose, Sainsbury are all tired and chasing cheaper prices, mks is staying true.
On SP, to me anything under £1 is a steal, even under £1.20, anything less is a bonus but higher probability of missing out, all comes back to timescale for investment, for the short term I see atleast £1.20 this year and easily, ignoring Putin and Truss, £1.50 Q2/3 2023 - mks is a low risk investment but with the possibility of 20-50%+ over the next 12mths, I cant see any other investment that offers the same risk/ reward, obviously dont put too many eggs in to the same basket but eggs in this basket all should have.

Ok, no need for my explanation in regards to your explanation as you explained it clearly, you bought on the way down, sorry I just presumed you bought on the way up and missed the top. Now obviously we're sat in the middle of global issues outside ours and MKS control, but they won't last forever, now anticipating you thought there was value here at £1.60 and nothing has fundamentally changed for the business, slight squeeze on customer spend perhaps. The market sentimemt has brought us down to here with more than a little help from the shorters, the question is when or what will make that change, when the shorts start to cover, can't be far off as the risk to the down side doesn't compare to the upside. Will you buy back in, if so what's your target and exit plan, if you want to share, no problem if you don't.
Good luck with your call, I've made mine and happy with it, even if we do visit 85p.

Sorry if you felt insulted, it was only meant as a slight mocking. Dont worry about me I'm up here, my double up this morning gives me an ave of 1.2 but then I was on a free ride. Why did you sell at 1.6, it hung around 2.2 for a while and it will be back there so no need for others to panic sell in fear you might say I told you so.

Fender, hamm, thanks both for giving me a laugh and encouraging me to top up. Next stop 70p, lowest it got early pandemic was 85p and we're in a far better position, no dividend, err but massive debt reduction for a healthier business. 70p may be too low, you may miss the boat..so there is a boat not all doom, 80p so really you're thinking sub 90p and remind us it was £2 not long ago..the prompt for me was what's another 10p, good point, what was I waiting for as I'm here for £1.50+, might have missed the boat or will it be a gravy train, jump on now.
Thanks again.

Was the Jan 2022 before 10% inflation, tripling of mortgage rates, Ukraine, Tory revolt....yes damn you for being positive then.

Morning Crl, good to hear from you and for the work you are doing in the background. So pleased you haven't given up, all to often you read on these BBs of people losing big time and just disappearing, shows real spirit to keep up the fight so fair play to you. I also hope as we head in to winter that you wife has let you back in the house.

Like many here I still cant believe this will end with nothing good considering what the data and research should be valued at.

Gla

Welcome back, wish I had more powder to top up here.

Quick response.
We are confident that there is a strong and growing demand for mid-cost credit products with, at a conservative estimate, c£12m people unable to access credit from mainstream providers. We have continued to have significant numbers visit the loan application page of the Amigo Loans website throughout the period we’ve not been issuing new loans.

For the pilot period, the amounts we will be lending will be small. Direct marketing will therefore be limited in this early phase. The £35m limit on initial lending will be in place until the funds from the capital raise have been paid into the Scheme fund. The date by which the capital raise must be completed is 26 May 2023.

Maybe not a straight answer but 'significant volume to site so limited marketing', must be confident and answers my are they waiting until end of Nov, no, should have asked in August!

More conbobulating, the pilot for me was always a done deal just a timing issue, equally as is the success of it, we're not market testing a new business, we know the business is out there the pilot is purely about testing the application process / systems and tweaking ready for all systems go. So...
Previously I was thinking it best for the RI to be done after the pilot so we have evidence of the future business. Is that best for us existing shareholders? I posted some calculations earlier that hopefully show, not investor advice I failed maths GCSE and invested here 2yrs ago, ffs, what I got from them is if RI was done today for £40m at 19to1, with a bit of tail swallowing I'll be diluted to 30% but arguable no worse off. Is this a ploy from the Bod to ensure we're not unfairly diluted? I'm not blinded by the fact we have to accept, even at our vote, for a minimum of 50% dilution to match claimants. On that basis and 40m at 19to1 we only need a 6.2p SP to achieve that - happy for anyone to correct as I'm just playing at a guess.

So a few questions for you all.
1, does anyone realistically expect less dilution (no grumbling that the SP has already lost 50% of your investment or that claimants shouldn't get a penny as they knew what they were doing and funnily enough could actually afford the payments, or that no one told you you could loose on shares!)
2, Should the RI be done as above would you vote for it and take part, put extra cash in?
3, when do you think the RI should be done?
Thanks

Franky, you got me conbobulating, it hurts. I was think confirmation of the pilot may not come until after 26 Nov claim deadline but actually that thought was more about not promoting it until then, so was going to ask you all how much promoting do you expect, then I remember I have an amigo who should know, so I emailed investor relations the questions below, I'll let you know if I get an answer, an thoughts?
1. Considering we haven't been open for business for quite a while or obviously promoting loans, what level, value of interest have you had for loans over the past 6-12mths?
2. Of the above, do you expect a proportion of these to still be interested come the pilot?
3. Once the pilot is confirmed / launched how much promoting are you expecting to have to do?
4. Do you have any indication on individual application turnaround times and the likely timeframe from starting the pilot to having committed the full £35m?

Your source better not be called Gary! Gla

Can only go with info we have, they want 40m by issuing 19-1, I did a few calcs to get 0.61p