Member Info for forhee

But they have to say this don't they, Gibbo? If they don't urge caution, it could be interpreted by many as a dead cert, which has the potential to mislead investors and make the board look like idiots for the 354th time.

Nevertheless a "very low" chance is better than no chance at all.

I’ve read this several times and have no clue what you’re even trying to say. Punctuation marks are you friends. Use them!

Nice buy just gone through for almost £15k

£100m is referring to business they've already done. Doesn't mention figures for the two new deals.

Please don't listen to poorly informed people on here spouting rubbish from failed doctors who have been wrongly claiming the pandemic was over in the UK for months.
https://www.poynter.org/?ifcn_misinformation=former-scientific-advisor-to-pfizer-michael-yeadon-claims-that-the-pandemic-is-fundamentally-over-in-the-u-k-and-we-now-know-loads-of-people-had-prior-immunity-to-covid-19

Thanks James.

That's not the FT article. FT one talks about Benamor making another comeback. It let me read it once but now the paywall is in place. Can anyone else paste?

Sorry, I'm not scrolling thru all of today's messages... have people seen today's FT article...

https://www.ft.com/content/3a8badac-2223-499e-8b80-4c9f14823988

Think they're getting mixed up with this RNS on Aug 17th...

Funding update and Notice of Results

Amigo, the leading provider of guarantor loans in the UK, is today announcing a further extension of the securitisation facility performance trigger waiver period to 18 December 2020. This follows the announcement on 27 July 2020 extending the waiver period to 14 August 2020 and allows both Amigo and its lenders the opportunity to fully understand the impact of Covid-19 on the business, whilst maintaining the existing facility. In addition, the size of the facility has been reduced from £300m to £250m, reflecting Amigo's current lower funding requirements while lending is paused. All cash generation arising from customer loans held within the facility will continue to be used during the waiver period extension to further reduce the outstanding balance. As of the date of renewal, the facility was drawn at £199m.

 

Totally agree. Women have a hard time in business. Particularly at the top. The dinosaurs of this world don't help matters with their old man drivel, but Jurassic Park is filtered so we're all good. This is a fantastic appointment. Mark my words. Great to have a bit of diversity at the top.

So your making a generalised comment about women in boardrooms on account of the fact your wife and kids spend your money? And that's humour? Jesus. The 1960s called. They want their comedian back. : )

To Clampet I mean.

Embarrassing comment.

Been reading some of the Ombudsman's decisions on Amigo complaints:

https://www.financial-ombudsman.org.uk/decisions-case-studies/ombudsman-decisions/SearchDecisions?Keyword=&BusinessName=Amigo&Business=Amigo&DateFrom=&DateTo=&Sort=relevance&SecurityID=642f273decdb7c3981d5698b9e06f9817a6fd4d9&Captcha=&Captcha_Timestamp=1602097853

Interesting to note that of the 122 complaints listed, 22 were upheld and 96 were dismissed.

Granted some of these go back many years. When you filter it to just 2020 complaints, there are 8 listed. 4 of which were upheld and 4 were dismissed.

They're an interesting read. Doesn't suggest people are getting paid out for simply complaining.

Just rereading the FAQs on the Amigo investor site and noticed it no longer mentions wanting to resume lending by the end of the year. It now says...

"We paused lending to all but key workers in exceptional circumstances in March 2020.

"The Covid-19 situation evolves daily, and we will continue to monitor the macroeconomic environment when considering when to lift our temporary pause on new lending. We look forward to being able to lend to our customers again and have optimised our processes to enable us to resume lending quickly when it is appropriate to do so.

"Our business model serves a purpose in providing financial inclusion to those who are unable to access finance through mainstream lenders – this is likely to become ever more relevant as the UK (and Ireland) recovers from the economic impact of Covid-19."

Your mum's hear for you. Get your coat on. She's waiting.

But what's in it for the IIs? Surely they want their investments to go up too? There must have been some incentive for them because I fail to see how that shower of ***** could genuinely be considered a better option.

How more than 50% of shareholders wanted this? Everyone knew the share price would drop on this news? Who would possibly want that to happen? Whether small fry or big time, everyone wants their investment to go up surely. There's something very fishy about it all. Just can't work out what.

Wonder if JB has met with Gary Jennison this afternoon, as he mentioned on twitter. Oh to be a fly on the wall for that.

What's in it for the IIs to vote for the board? Surely they want their investments to go up, just like the rest of us?