Member Info for FrankyS1971

a bit in the vid i need to listen to again, about ringfencing the complaints. To me it implied that the business is looking to have Amigo 1.0 with all the debt and never ending claims and Amigo 2.0 as a debt free vehicle for new products and lending. Thoughts? A share dilution with 3 out of 5 shares going into growth and 2 of your 5 going to the new vehicle. Just chucking an idea out there as to what GJ is implying by ring fencing. Further did the conference call have any questions about new funding??

Have you considered that the provision both times miraculously came in just under the cash in bank. One could infer that "complaints will use up all the cash we have" further if complaints was projected over cash in bank you would not have a going concern so hardly surprising the provision is just under. 50/50 they stem the loss of blood but am holding LT as the upside is worth the risk and its a good mgt team.

Nice easy filter that one lol

Got it PBoro wasnt digging at you just encouraging you to be bold. Look at Macro level you have the largest player in a niche fs market in an environment desperate for the service. Ignore the noise and you can hear a serious business on the way.

It depends how long you wait philboro but why not £2. In 3years or so absolutely that sort of value can be created through a lending business with subprime customers who want to get going with new careers and need a short to medium term finance solution. These guys are in at the advent shaping the dialogue and working with the fca to create the future products and ways of working. Not overnight but a massive opprtunity and you won t get these prices again before too long.

You need to read that like a disclsimer jono. Like if you swallow this acid it will burn your insides and your bulls€€t will come pouring out both ends.

I m merely taking GJs words that relending will start in Q1 above your expert view Hunni thats all. And yes, will still be in this stock in 12 months so welcome to chat anytime.

Hunniford- GJ stated Q1 for relending

I do try expru! -)))night night sweethearts

Bstard expru lol

Exactly.

Tidings of joy waves will sea levels of amgo rising very high. Then dreams of many more days left to the lending happen. Sorry this was meant for acaciatan only :-))lol

Chillarx expru..just reassuring any of todays buyers not to go all panicky poos.

Bargain. Even if 30% vanishes for a couple of weeks.

Vorag..beautifully put! Gary is doing the right thing. Under JB it would have been volatile as in line with his persona and made it hard to drag back main stream interest. Fca confidence=change to sentiment=instituional interest=dividend payments and satisfied customers ( they ll never be happy anyway lets face it). This is a journey and so tomorrow is flim flam by and large. SP may jump either way but long term makes no odds as this will turn a long slow corner either way.

Borac..you can't predict these things but many investments will take place before Lending and it could even be a case of "sell the news" by then. The FCA is one key battleground and its vital the regulator has confidence in the business. The new BOD now provide that which is why the latest non exec referenced 'stability and predictability' as the ambition. We will slowly put back trust both with the FCA and customers, though we will be less aggressive lending going forward with lower loan volumes particularly for a quarter or 2 as the new transformation officer builds the processes up to reflect the new risk appetite! Back on point, the SP will move well in advance of lending IMHO as confidence returns with lower complaints vol.

If i recall what we all agreed was that we d either get a quick hit with JB or would still end up as winners longer term and that either way 10p was a baragin. Nothing ever changed. Just trader v investment mentaility. You can trade all day long over the next 12 months and you ll be nowhere near 400-500% that Amigo offers in same timeframe. Figster and mark with love to my fellow amigos you need to have the courage of your convictions and just stick with something instead of prancing around various stocks jumping in and out constantly..its emotionally exhausting pal. Buy hold and have a cadburys caramel pal. Either that or trawl every bit of global media regarding g3e or whatever else. Its knackering just following your velas and symes and all the other penny stocks you lot gamble on lol -)) i need a lie down.

This whole area is under review. ! It doesnt work in balance of all interests clearly. Thankfully cmcs fall under fca jurisdiction.

Figgy and mark will buy back when finance facility sorted and complaints have dwindled which is excellent news. You re just the fella i ll be selling to at 25p+.-).

88 % upheld in vreq but i guarantee pre nov 2018 complaints will move back to the 33% upheld number. Complaints will be peaking and success rates falling. Stands to reason as barrel gets scraped the quality of complaint falls. The CMCs operationally lose money as they dont cover costs..then ads stop and end. Feels like another 3 months of steady declining complaints IMHO.