Member Info for FrankyS1971

Heres the logic. July- September numbers published by FOS infer around 7-8000 new complaints outside vreq. This matches with the provision increase. We also know operationally that we can now turn them all around within 8 weeks. The update should offer news that the volume has peaked and the FCA are now confident that Amigo can support customers with redress. So i m expecting a positive noise on trajectory with both. Once we have operational slack we can relend so i reckon by December the volume will be half or more than the peak. Add 8 weeks and i reckon feb we ll get going. Further the likes of shaminder rai dont even start until jan..feb is a good bet and i hope suggested as likely lending date.

Spot on! 2 board members haven t even started and GJ only started his role a couple of months back. This needs at least 6 months to a year just to START getting momentum. I despair with peoples time lines. When is a 500% return in 12 months not enough?? Lmao

I was like it when derampers with zero to add and first poster pop up as it makes filtering them so easy. Nottodaythanks lol

I fully think you re talking out of your bottom.

Bye bye fmnow...3 posts in total and inmediate b****....byeee..filter him

Nahhh expru..thats just it though..if the price does drop it will recover...i don t beleive that even if the sp were to go south that we d never see 10p again..yet if we go north we may not see 10p again so on balance you re better off in if you are vested other than guessing like Mark etc

The SP is where it should be TODAY. A shock with Claims and Financials sees us down 30% at the lows tested 2 weeks or so ago. Whereas a relief and some positive news with a 30% gain would be around 11.5p..so we're in the middle with the bears and bulls trying to position accordingly. What we know is that this won't be 8.8p in a week, it'll be significantly lower or higher! What I do know is if it is lower, it won't stay lower, but if it goes higher it is unlikely to come back down again to single digits so the logic would be to buy rather than hope for a 2-3p discount:-))

William Hill Lol!!!! Thats been bought out at a set price which is why the SP is static for a month. Abolute Charlie of a comment. I have filtered Hodgy as I know a prat when I see one.

Mark...thats generally when rises happen as an observer of so very many stocks. Which is why trading in and out is not usually for me. I do understand what your logic is here though but remember the market is usually 8-12 months ahead of the daily action. As soon as Amigo remotely looks stable the bargain hunters will have this at 20p on very little.

Ummmm thats actually illegal and rather obvious to any casual fca observer.

Shaminder Rai doesn't even walk through the door until January so there will be something to transform still by then and he'll also need a budget so....just saying we aint going to the wall anytime soon. :-))

this will close above 9p

That'll teach em..Would be good to wrong foot the buggers lol..

...I actually feel this is a good thing as it will shake out nervy holders pre results and the holders left won't sell regardless so the SP won't dip for too long..you also have others who may sell in the hope of buying back in cheaper...Personally, I think we'll see a decent rise back to 10p by end of week/early next, no matter how bad!:-))

Ps..i ve never seen one company generate so many RNS s in a quarter. Its never dull.

Fair do s Mark..i d put money on a further 3 month extension when the time comes. Before relending we can have a shop around-)!as long as we dont breach the agreement then we ll muck through with the current partner.

This is right ironhide..why would they throw the book at Amigo when the debt is being paid down and i don t believe the covenants have been breached? Covid has bought us slack and we ve passed that down the line to our customers.

What it does demonstrate is a need for new and varied sources of funding though TBF Mark.

You bamg on about the ammortisation of 199m Mark. And it aint going to happen.

If the provision were to start going up to 180m-200m there would be little or no shareholder equity left and with no lending happening i wonder at what point technically, they are a 'going concern'. Collections being robust and not being hit by Covid too much is pretty vital. Perhaps it ll be awful news and the SP mysteriously still goes up...we ve all witnessed that before!! I would be stunned if the team dodn t find some positive spin amongst the rubble.