Member Info for FigTreeHarry

Great informative discussion and thank you Gents for sharing.
Really appreciated. As always DYOR.

I don’t do social media Twitter either,

A JR is needed, and yes they do make errors. Just as our loving NHS do, as do the the Met.
Likely way forward, will put closure to this ammicably. Errors on both sides possibly.

2.2m shares.

I’d still be living the sea LOL...

Buying 2.2m at 6.7p ?
It begs the question is this the new bottom.
If I was buying 2.2m I’d be living by the sea:))

Thanks.
If CEO commences with a significant Director purchase on Aug 1st SP will fly on confidence alone, then its countdown to 10% and maybe resumption on lending to wider customer base.

That’s what I hope for next 5 weeks...

Yuri HI,

If anyone were buying up these shares, they would need to declare at 3%?

LokiHB
Totally agree. Buy, Hold and go away.
Check in once a day
Else you go mad...

Great value topped up sub 7p.
Assessed my Risk v Reward
Happy holding AMGO until we are back on top.
I see the co valued around 70p. Dyor.
Read the results in detail.
Happy to HOLD, and let the “opera” work itself out next few weeks.
The business is creating revenue, required changes are being implemented and processed.
August should bring positivity.
Just my own opinions

Ael123,

Going by the founders own twitter account, 21p was too low for this business. Worth 5 times as much.

Furthermore he adds on July 8th:

James Benamor
@JamesBenamor
·
Jul 8
However, our faith in Glen is very strong, and once we are sure that Stephan Wilcke and Roger Lovering have left the board, we would see a strong possibility that we will reinvest into Amigo and play a part in the turnaround.

Xel123,

Maybe it’s a clarifiction question for JB Twitter / amigo itself.

Hi,
Maybe a question for amigo / JB Twitter...

I view FCA /FOS preference to resolve this ammicably with AMG, not only does this save 400 jobs but it is a business serves that ultimately serves the vunerable public who cannot get loans due to credit record.
Very fortunate AMG has its big cash reserves AND huge turnover.
Zero div doesn’t bother me much.

RNS MAR 20 - Director buy from incoming CEO Bought at .38p = market cap £163m.
Will he add more??

Watching AMG for past few months, read todays report and added at 8p

Key for me today is it’s a good business model, and borrowing is here to stay in this pandemic period next 2 years.
Playing the covid period better than other companies. Only lending to key workers for now - good
Any company which gets through COVID and a FCA investigation / complaionts payout, has to have a strong cash pile and and confident management who believe they can handle this period - good
Capacity and cash Provisions to handle all complaints - good
Underlying business still exists, with revenues of near £300m - good
222,000 customers - incl repeat top up clients - good
Payment holiday for 3 months, revenue/ income to follow. - good
Net book loan £650m down only 10% - good
Making progress with FOS and FCA Regulatory Authorities, important to work with them always.
Holding onto their Emplyees - confidence
New CEO - IN 10 days -
Overall revenue is rolling in: £297m ?

HOLD.