Member Info for FigTreeHarry

Its called a guarantor loan for a reason, and all the necessary checks are done in terms of affordability. If you have a different view. That’s your opinion.

Don’t invest if you are concerned.
Turnover is rising every year and pfitability year end was likely around £85m had it not taken into provisions.

Complete Lending will restart soon....
- Key workers form 10m people min.
These people are employed. Doctors, nurses, supermarket workers, council workers etc etc. They have income and jobs.

It could not be a better climate for a loan company. People will need loans ...
Amigo can fulfil that role,

Agree Mri,

Who accepts a CEO role iAND buys £500k of shares knowing a conpany was going into Admin... LMAO.

So much BS out there.

This is a comeback stock in the right period. It could be a better climate for a guarantor.

True - The market has risen, Ftse etc, but the new profits may plough into Amigo, next few days.

JB’s tweets have helped investors buy into Amigo.

So far what he has said has cometh true.
I can’t knock him for that.

Morning Exp,

Sp holding the 8p mark like a possesive partner.
Pattern likely to turn if news is confirmed by Friday.
If it does not, it maybe waiting for JB selling get to a certain mark nearer 10%, by which time the results will be out also.
Final countdown...

Facility News in 3 days, there ater 1sr quarter results , co presentation, JB down to 9.66%

JB did mention if all the BOD are alligned after Aug 1st, Roger is likely to resign, ashis position is now filled.
My hunch CFO Nayar will stay on, but alligned himself under new CEO. in the event this is not the case, new vote will take place. I might be wrong. Not sure if bonus to Nayar was his goodbye bag just yet, or a keep allign gift?

HH,
I would add ;
If the sp were to back down to 5p, i.e market cap £25m which it did for a day, it went upto 18p 3days after,.
Vultures would circle the company for a potential hostile takeover grabbing the shares whilst they are available.
I see a rerating coming
If we break 10p - it will fly, like all the other shares have been doing.

Hey Chris, I totally get your point, it depends how large a position you hold, and at what price.

A month ago when the sp ran upto 18/19p? - it was a catch up game by many pi’s (83m shares in one day) to get a slice, with MM’s catching many out. When the news hits it will be the same scenario, except paying double as the stock will opoen higher. It’s all relative - Timing and price.
Do what you need to do.
- Figgy

Lingering sp agree ExP.

Once sp breakouts to 12p/13p - 18p - it gets a bit more exciting for all holders.
Friday may be the day.

F..., I cannot belive I got that wrong!

Iggy.

JB tweeted-
Glen buying in a substantial stake, taking his shareholding up from 4.6% to 6% on Friday is the best indication that:

1. He is here for shareholders, not for a salary.
2. Amigo got all of its bad news out of the way at the last announcement.

FIGTREEHARRY:
Glen’s holding could go upto 9% tbd
Expecting more Director buys
Good news Fri.

DYOR.
Figgy

- roll on Friday, i was writing I expect good new on Friday. (Typo)
Thnx.

MORNING LE AMIGOS,

JB’s 21st July tweet

Collect out of the book could be up to £500m after debt is paid. That’s if debt is paid at 100%. Bonds can be bought back by the company currently at 50% of face value.

Figtree Harry - One that I missed

JB July 27th Tweet:

Glen is buying, not selling in the next 30 days. He won’t be unhappy if the price continues to fall. Quite the opposite.

The lower the price drops, the more he will want to invest. The more he invests, the more aligned he will be. The more aligned he is, the better the result.

We’ve gone from a situation where 90% of voting shareholders were pro the old board, to one where the majority are aligned behind my vision. As of the 1st I believe the majority of the board will also be aligned. We’re getting closer to full alignment every day.

FigtreeHarry
- Spot on again - We certainly are JB!

JB tweeted-
Glen buying in a substantial stake, taking his shareholding up from 4.6% to 6% on Friday is the best indication that:

1. He is here for shareholders, not for a salary.
2. Amigo got all of its bad news out of the way at the last announcement.
3. Good news Fri

FIGTREEHARRY:
Glen’s holding could go upto 9% tbd
Expecting more Director buys

July 20th -
Amigo directors knew full well that they would win at JR. They also knew that the FCA might never approve them as directors again if they did.

FIGTREEHARRY:
So you employ much older Director to take on FCA - heavy weights who will likely retire after this role.

JB TWEETS
Roger is currently planning to resign as he previously assured shareholders he would.

FIGTREEHARRY
RNS Expected on this - goodbye Roger.

A lot of info in the tweets.
FIGGY

20yrs at CEO level

Guessing Roger Lovering will be next to go soon.

Gary will also take over as Chair of the Risk Committee at Amigo from the current Chairman, Roger Lovering, following a suitable handover period and his approval for the role of Chair of the Committee by the Financial Conduct Authority under the Senior Managers Regime.

Roger Lovering, acting Chairman said: "We are delighted to welcome Gary to Amigo and the Board. His tremendous commercial, regulatory and public listed experience, including with customer focused businesses, will be a valuable addition to our Board."

Gary Jennison, Non-Executive Director said: "I am delighted to join the Amigo board and am looking forward to working with the team to serve Amigo's customers' needs. While there are near-term challenges to the company, I have a strong belief in the company and its product, and I'm looking forward to tackling these challenges and helping to provide access to credit to Amigo's customers at this difficult time."

Following the appointment of Gary, the total number of Directors on Amigo's Board will consist of four independent Non-Executive Directors, including the Chairman designate, one Executive Director and one proposed Executive Director awaiting approval of his appointment as an Executive Director.

Today’s Rns - New appointment it’s all coming together....:))))

Mark73,

Read this RNS
22 MARCH 2019

RNS Number : 7971T
Amigo Holdings PLC
22 March 2019

FOR IMMEDIATE RELEASE

22 March 2019

Amigo Holdings PLC ("Amigo")

No intention to make an offer for Provident Financial plc ("Provident")
and response to Financial Conduct Authority ("FCA") statements

Provident

The Board of Amigo is committed to a mid-cost credit strategy and as such confirms that it is not intending to make an offer for Provident.

Right Mark73,

Yep lots to look forward to.
Most of the questions we have will be answered by close of month. Yes it’s been a long 12week. JB had to do what he had to do in order to be eligible to have a vote according to a draconian agreement. I guess 2/3 numpties never expected JB to do this.

I also read Hamish Patton who is/ has joined Provident?

Provident was a speculative target for a takeover from Amigo 15months ago. Did anyone see this info in the back dated RNS.

Can you imagine once AMIGO is fully back back in business and the sp etc is well up. Amigo actually bought Provident, now that would be sweet ....

FigTreeHarry