Member Info for Fforestgwmp

We are where we are and it isnt that bad a place how I see it. Just been out for a fag and used the back of the packet for some calculations.

Current SP 3.8p, 475m share equals £18m Mcap, add 9bn more share for £40m at 0.443p gives an exrights price of 0.61p a share, £58m Mcap. If I can sell my rights at 0.168p each, I sell 14 to buy the remaining 5, I now have 6 out of 20 shares in issue. Ok diluted to 30% but that's not 95%, should be 50%! Now those new 6 share are worth close to the same as my original 1, correct? Ok, if this is all done it's because we have a business going forward, new investors won't have come in for the Mcap to stay at £58m, at £75m with an SP of 0.0789p I'm £1k better of than I am now. Mcap at £153m the SP will be 1.6p and I break even on my current 9.7p Ave.

Ok theoretical but do my figures stake up, am I missing anything?

It's been a long journey but I invested in the future business and I value that way above £153m and still have hope to see that by Christmas...next year, perhaps double the year after.

12mths ago Redwood loan book was £370m, Amigos now £125m and we haven't done new lending for over 2yrs! Hmm, might get us started but not for the long run.

Blue, meths' is in the garage!

What's everyone elses reading of this from the RNS, Another condition of the Scheme is that Amigo returns to lending by 26 February 2023. The FCA has yet to approve our return to lending, however following a long period of review and discussion, we are finalising details with regards our proposals to commence a lending pilot.

Does that mean we must have completed the pilot and be relending proper by then? And who is that deadline for, us or FCA and what happens if it's not met?

Big, I'm afraid not, the RI will be in the region of 0.4p so it'll cost you 8.4p to buy the extra 19 shares, Google theoretical ex rights share price. Roughly the SP will be 0.5-0.6p post RI. Doing nothing is not a good move! Options, sell now, take up all or some of rights or sell rights - theoretically you sell your rights for the difference between RI price and exrights price and you should end up equal to where you are now as in same number of share but worth less with the difference made up by the rights you sold. Also check out tail swallowing, in relation to shares, be carefull what you Google!

Calculators out...am I correct? If they want £40m and current Mcap call it£20m, then I'll need to invest double my current investment value at 4p? At 19.1 or 20 shares in issue I work that out, roughly, that the RI will be at 0.4p with an exrights price of 0.58p? Therefore I 'could' sell my 19 rights for 0.18p?

Got to be something going on looking at today's volume. Got to be a new record.

Yes

When they have approvals in place and a clear business plan with a £35m trial as proof of concept then I think I might.

Hmm, have had the same thought myself over the last year, the issue now is we all, mostly, expected it to be there following the / a successful outcome at court but that didn't happen, I don't now anticipate that happening with news of relending, 7-8p? Personally I'm waiting for confirmation 'the news business' is a go, viable and fully funded and can't see 12p before that. So when we do have that in place and are at 12p we will be in rerate so why sell then after the pain?

Funnily enough that sounds like me, except I would already be wearing an awful shirt, pontificating and talking drivel.

I think you meant if track record is anything to go by it'll be Feb 2025 not 23, we'll still be here. How was that 25yr old malt?

My 13k at 9.7 looks worse.

Well my expectation of relending by end of Aug was wrong, new consideration is end of Nov - the only reason I see is are they delaying until then to avoid promoting Amigo before the claim deadline has passed?

53,369,083 people in the UK over 18, think we'll find a few successful applicants there.

He did say a few weeks, I was expecting this month but a few months may be it. To be fair when I ask my kids to put there stuff away they say they'll do it in a minute but that could be days or weeks so it's all relative. I'm away for a couple of days so usually that's when it happens.

We're in a race now, who will get there first? https://www.bbc.co.uk/news/science-environment-62563720

I'm hear you Chugger, I should have gone with the new kitchen.

Sadly it's more like this..
https://youtu.be/5OgoDYkzR0k

Stroking a white cat.

Thank God that weeks over with Blue, it's been incessant, Amigo this, Amigo that, come Christmas I'll be buying a Ferrari, I'll be buying a Porch, blah blah, just give it a rest, atleast I've got two days for my ears to recover.

5p blue UT finish, that's for you Blue. Have a good weekend, now wheres that bottle and the nursing home book?

They better get a move on Blue as I was hoping for a £1 by Cop today, ffs