Member Info for FigTreeHarry

Agree, they need a new strategy, for want of a better word BOLSTER the sp back to the old levels.
Gary Jennison is now at the helm and he need to prove his credentials and background are as they say.
AMIGO business model is fairly simple, compared to other more complex businesses. Profit margins excellent.
Potential £100m profitability.

Gary Jennison needs to become more proactive with all investors and understand ultimately it is a PLC and “shareholders” matter and share holder’s ROI is why be are invested. If he doesn’t and the sp is still under 20p in the next month, then he may not be the right man for the CEO job.

Hi,
New on here, when is the next update due?

Lloydyboy,
I’m going with mid-Oct for V req. As you say it could delivered sooner.
One thing you made me think about though is.
The “sooner” they complete this backlog, the 100 or so staff working on claims/complaints some staff maybe temps and laid off or they would return back to their previous roles or ready for “lending to mass market to restart” with additional staff training on customer focus, new scorecards and new system screen updates. If the Directors don’t buy big it just means they have small pockets nothing more. (Not all CEO’s are millionaires..)

Yuri,
I would just add this not a silly 1% order for 2 day...lol
He will sell whenever he wants to just like us.

Lloydy,
Hi, just checked you’re correct it is Oct end, I always had mid Oct date.
My feeling is Deadlines are set as a very last day or before.
They have to report Q2 in Nov. For period (July-Sept). My assumption is my own only in reference to Director buys they would need to buy before closed period which likely falls around mid Oct - 15th- 19th. If Vreq is big news then you would buy before the news as sp would be higher. Unless they expect to report very last week of Nov. By which time lending might have also started.
Anyway hope that clarifies. End of Oct it is buddy:)

Amgo should do an CITY INVESTOR PRESENTATION asap to entice large II’s back in, having lost £m’s with some guarantees, and voting influence.

I know what you mean Frankie a bit disheartening, cheer up fella, but as Hunniford said maybe just maybe it is better off without JB and more boardroom dramas? I can reccomend a netflix serial called Games of Loans to take your mind off things. Just kidding..lol
Lovering goes imminently upon FCA approval.
Leaving final liability CFO by end of year.
He may save his own skin if Vreq turns out better than expected.
By over estimating Provisions/ or working very well with FCA/FOS. Could be his ACE.
Remember his recent bonus back in June? why so.

GC’s 9,396,818 Shares back in 2018 at IPO were worth £23m on paper, today less than £1m.

In hindsight, JB would do things differently, you would think lesson learn’t for now.
Maybe it’s all for the better. iiAG - CFO is Executive i’m pretty sure.

Question to amigo BOD’s when would you like to see sp rise next decade or next century? Lols..

His offer to buy should have been 30p.
Not 20p

Have to agree with you BB. He called it all wrong. Wasn’t ruthless enough.

Honest he is.

5) Final reason why the sp has been kept down is, The major Inst and BOD’s may have agreed on some words, about needing Votes look after us and we’ll look after you, wink nudge. Vreq news may come out “much better” than expected, the sp will react and rocket up on this, as this the Issue that many Institutions will be concerned about since having lost millions from £2,80p and all the way down.

If this CFO is honest going forward:
- complaints are seriously in control.
-Out Payments little change at £6m (q1) and challenging all others
- Good constructive relation with FCA/FOS. (Thick as thieves...needing each other) Thus working with FCA/FOS.
- The RNS to increase the complaints Provisions to £116m may have been deliberately designed to plummet the sp heavily to deflate JB into selling out and getting nothing more than 5p-10p thus weakening his position.
- Was this a “dirty tactic” played by a dirty BOD’s to give market impression things are seriously bad, with plan to inflate and later report provision was over estimated and not required as we challenged all the cases and won with the FCA/FOS.
So far “only £6m” used by close of June 2020.
-JB has mentioned citys boys keeping this sp down. It is obvious to many who trade daily who see patterns this has been the case here.

Here the reason for keeping sp down if we are to believe it has been Game of Loans past 14 weeks:

1) Period June - Sept: JB was selling down his 61%, 1% daily so keeping sp down meant he gets only 10p average for his sales. This likely suited the current BOD’s
2) Jb would have preferred to sell at a higher price above 10p. This would also mean offering to buy at a higher price - 26p-30p
So it may have suited JB.
3) VReq date is OCT 15th for a reason. Amgo Q2 reporting is usually 6 weeks after period-ends (july- sept 30th) Now add 6 weeks (give/take..) Nov 20th Thurs is likely the Q2 reporting date. Any Director buys will happen before Oct 14th- or before Oct 18th. (Just Imo). Closed period is likely before Fri 19th Oct. My best guess if they are smart, they would buy before Vreq announcement?
4) Larger Director buys by the other directors whilst JB was selling down would have helped JB achieve a better sale price. Which BOD were aware of. Wanted to avoid this.

Oct 1st is tomorrow.
Just my thoughts.

Hey GCN,
Been a while, if he wanted to he could sell, and still make a profit of 2p on this.
If he sold it would be false signal, more bitterness than genuine, that is all.
Oh, JB would if he was ****ed off. (well he already did..!!)
However, that would mean in order for Crawshaw to break-even on remaining 4.68%, he would require sp to hit 38p to break-even or 38p++ to see profit.

Ladies/ Gents,
We are in a better-off position to make profit sooner.

Note:
RNS states “FROM’ Oct 1 not “On” the day.

GC can sell whenever he desires, and this is his negotiated pay-off so to speak.
It’s less than the 2% (knob-rot) gang. No offence intended.
Ok so who’s next???

Lovering por favor >>>>>go...

Ref: Agreement may also have stopped him from joining a competitor. More flesh to the JB/GC rumour.
As a consultant he would have a 6 months clause, correct.
Had GC stayed an additional 1/2 weeks to be approved by the FCA as a CEO, and resigning thereafter (taking FCA seal of approval) the BOD would have gone on to accuse him of having a hidden agenda.

Twisty,
I may login one day with nothing but a sea of green.

Twisty,

Turned into a bazarre with new names + 1-5 posts

CFO stated some narrative yesterday about FOS figures. Amigo much lower if I recall.

Yes one of those days for me....patience required:)