Member Info for FigTreeHarry

Seasmus is the amigo hot broth brewer:)

Go seamus..lol

Provident is more expensive lender and it appears they doing quite well at the moment in this environment.
At one point wanted to buy AMIGO.

AMGO will prosper and investors holding with it. Buying at these levels is gifted for those who missed the boat at 18p.
Looking forward to a week without Board room shenans...

HHh,
ONLY 15% approved.

Seriously £8bn?? Wtf

Yes I read about Cine briefly:(
Blaming James Bond, do they know who they are messing with??!

Amgo is Covid proof, that we are blessed with. We never would have suspected Covid saves Amgo.

And thats without Lending fully started!

I explained to someone yesterday, businessman I know. After listening to everything about the votes1/2 losing etc. I then was asked does it have cash??

Yes - £145m +
and growing per month!!

Smus cont..

Add
-FCA approvals x 2
-Resignation - Lovering
-1 x New NED

Smus,
I posted a few dates last week.
Vreq, Lending and 6month Interims by Nov 26th latest.
Only one missing is funding Extension date in Dec.

Agree Marky,
...That was JB’s point.

IiAG, some of the posts over weekend were great breakdowns.
What we need now is a CEO who will hold the helm for longer than a fortnight. This is 4th CEO in 2 years.
We might even have a shot at the CEO position.

If JB and GJ did have a zoom meeting / in person there maybe some common ground values and agreements about shareholder value and returning to old sp. At near 20p nobody will complain. It’s takes the sp out of the woods as we enter a new chapter under new CEO. (Minus Lovering)

*from our perspective

Mark - And if I recall correctly it was late November 2018 as well.

It was mentioned by both JB and Q1 presentation.
Basically after Hamish and Nayan started.
Jb incidently reported Hamish to FCA. It will bei also interesting if they approve him as CEO at Provident very soon?
If they do, expect a twitter rant from J’B. It might also mean part cleared / cleared from our prospective?

The BOD have to be very hungry to prove everybody wrong, else why defend so fiercely?

On another note: current shareholders - 55% (there will be other’s holding smaller. % elsewhere.
On a heavyday of trading, liquidity could interesting if a new shareholder comes aboard and takes a stake before lending resumes:)

https://m.marketscreener.com/quote/stock/AMIGO-HOLDINGS-PLC-44458576/company/

Toma,
Even if Glen sold some of his 1.98%, he’s allowed to, he was off work for 9 monthe or so. And he has family of 5 children.
It’s only 1.98% !!
Posters on here who own as many i am sure. Lol

I mean’t : I trust the Debt Facility Issuer for having confidence in Amigo.

IiAG -
I take with a pinch of salt someone saying amigo paid them on this board, as it could be a cmc, or jus BS like so mnay posters and faces we have seen on here. If anyone commits fraud they should be dealt with or simply case thrown out just as it would be dealt with in insurance claims which are bogus or done deliberately. I trust the loan issuer, and the new CEO, allowing an expention and CEO buying at 10p before the closed period begins and before Vreq news and any other news. ALL major news was held back due to agm / GM.

New CEO > New chapter > new development > re-rate >

The whole 20p should never have been mentioned to the market, that was his faux pas.

I’m sure there were “several options and legal advisors”on how to proceed forward after his sell of 61%. To ensure he wins handsdown, money was no object if the vision was to upsdie the valuation for shareholders by 10-15-30 x current sp value of 10p. £2.00-3.00 through further expansion.

He took the option I would not chosen if I were in his position. I would have done it differently. A knockout win approach. Getting private investors he trusted involved. To ensure he could not lose, and secondly they voted and there was no room for if i only i did things another way or What If’s. This was a second vote. No room for complanceny. As I said it over. And starting monday is a new week without this Game of Loans scenario - IT’S OVER.

NEW CHAPTER - NEW SEASON
Starring - Gary Jennison as CEO AMIGO

Smus,
The best thing JB can do now is buy 20% shares privately / quietly no tweets n sweets, Just buy and invest and remain quiet.
If the market see the rns, sure shares will rise on speculation, and he can just deny it. and if down the line amigo new CEO does not perform, or becomes unpopular MIC may change their tune, bad performance should not be rewarded with bonues. At which point he could attempt a takeover and buy next 10%, he should not put a price on sp as that was his error imo.

For now I have to back the new CEO.

Seamus,
The new CEO, has the right background - to turnaround companies.
The same CEO bought 500,000 shares, which is likely to be a lot of money to him at this point in time.
I believe he has looked at the figures and is satisfied “we have turned a corner” turover is increasing with loans being paid off early, payments holidays ending, and lending restarting, complaints backlog in hand Vreq deadlined met in other words.
In addition to thos debt being paid back, we have a provision in place for ALL complaints. A strategy will come out of this and it is the new CEO responsibility for the next chapter.
Glen invested just before the funding ext, as he knew the Funding lender was satisfied.
Therefore to conclude is these 3 individuals are satisfied then that gives us some confidence, a corner has been turned.
It is very easy for JB to buy 29% of a company when you have £400m +in assets.

The FOS site was mentioned in opening of AGM, if someone has that recording, that would help?

Thanks for that IiAG.
Yh Wick is just a no brainer afyer this week. Haha..
So both are going on at the same time. Vreq will be met well before deadline imo to show Amgo has worked hard to resolve backlog, maybe win some browny points?
That’s what I would do.

What is reassuring is MIC has not offloaded nor reduced their holding since vote.

Gary will expect to see a return on his 50,000k / 500,000shares. Sooner the new CEO and new investors gets the sp stabilise closer to 20p. It will start to rally more effortlessly as we enter year end.
Good night
Been watching John Wick -ch2.