Member Info for FrankyS1971

Looks like you're verrrry much talking out of your a-hole lolz

I think any drop in the markets will be from a Biden win in the States at which point you'll see a steep sell off. That will be the market trying to force the new finance package through the senate, so I don't think it'll be too long before it bounces back. More long term its consumer spending that the economy needs to see and there is something like 15bn extra cash in Bank Accounts in the UK currently than a year ago as people are still earning but not spending. Same in US. At some point there will be a strong recovery as that cash comes out of accounts and gets spent, but might be 12 months away! I would think that consumer cyclicicals in q1 would be a great time to start taking positions. As for Amigo. If i have secured a new job but need 5k to get stuff organised before the new job, then I'd take out a loan. We will see huge demand as folk look to repair their credit and get restarted. Easter onwards gets exciting.

Been following the narrative here. All i ll say is that if you honestly believe of all the stocks in all the world that this just happens to be the one with delayed filing of accounts because of legitimate reasons...under the circumstances... then i d be staggered. It reeks of foul play but i hope it works out. I think you might get robbed though sadly.

"Very Positive"??? really. Yeh very clearly lol

I think this is very optimistic to believe that the provision is wrong by 50%+. Based on current rules, I personally think there is a tsunami of claims at the door but we are effectively saying. "Hey Mr FCA you have put us in a position where we can't even challenge spurious claims and the balance of probabilities is falling in favour of borrowers based on how they felt and the alleged duress that we put them under? This isn't fair on us that you take their word 90% of the time and the balance is wrong as we think many claims are defrauding the business!" FCA have clearly listened or there wouldn't be a pause in upholding complaints! Doesn't yet mean they've changed their mind though!! We can't get a lending facility sorted, until there is clarity on the business model and we can't lend with any pace as the cash needs to pay the existing facility down. We are in a very bad pocket with Covid also causing us serious issues. FCA is key here so pull your finger out you bunch of paper pushing muppets. We need some grace and favour from these guys but they are soooo slow that it could be spring before they conclude their investigations!

Hi Gabriel..good stuff! This feels like a few months to clear up the mess. But each RNS that lands will be more positive than what we have endured and sentiment as each issue is cleared up, will start to change and then you'll see the SP get proper momentum. We are in a hole for now though and we have to accept that but...things can happen fast!

I love that....literally the polar opposite. If you guys want a good refresher there is a decent report on moodys investor services for August which is free. There are 2 more on amigo which are analysis of business but charge rate is 250$ or so and they were released in september...the one thing that was positive was the cash we have as a buffer and the suggestion that we would get rerated to Stable from at risk quite quickly if things fall into place. Nsf have no cushion which is why they are desperately lending away to use new money to service the deteriorating book. Their runway is a lot shorter than ours and thats just a concrete fact.

Didn t read whole thread but laughable suggestion. Like BA buying Lufthansas flights to China lol

Volvic water is less filtered that hound.

You must also remember that NSF charges higher rate and why?? Because their assets are even worse than Amigo. JB turned down NSF book they wanted to sell to us as they did some analysis and many of the customers had been rejected by Amigo but accepted by NSF. The rest even Hound can work out.

You can t draw direct parallels between NSf and Amigo as we have a capital cushion and they don t. They need to raise money fast and can t. We do not. If nothing changed in 12 months we would be in the same place but thats a long time. Nsf risk of default is high.

They havent been paying out where a guarantor was involved for a few weeks now..mainly becuase they re a bunch of dirty thieving gypsy b#stards and pretending they didn t know what it was all about. Vicky Pollard yeah but no but..give them f^ck all i say and pay us a frikin divi. Stick that in yer pipe and smoke it Mr ombudsman

Ha lol...dream on!!! Lending is going to be sloooooww to start with...we need a long term debt facility and a broader source of lenders...that will take time as we will use the new revenue frommloans to ammortise the existing book and pay down the existing facility. Sadly not an overnight thing...9-12 montbs i reckon...either way...barring accidents it ll get there...
..

High risk=high reward. I would want to see 3x4 times ROI over next 6-9 months to justify missing out on many other shares on my bucket list that have done largely very well. Balls deep in here and ain't budging despite the persuasions of the market. Bring on 5p if needs be as I won't be selling:-).. I think we can all agree at least that at some point we'll probably see 13-15p again in our lifetimes!:-))

Leave the dude alone FFS..we dont own him just a slither of a company that he is trying to fix. He is aligned with our interests so I advise to bug him when it really matters not on a meaningless dip. The next report is at latest end of November. We have already been told that lol.

Oh absolutely yes we know about her...clearly going to help the brand reset both to the customer base, new customers and the city..a great hire. I d like to see another Risk & Reg leader in the business to win confidence that what has happened doesnt occur again..

You re being over dramatic HT. Our bond ratings are B3 or CCC- which is only 2 notches above administration and deemed to be at serious risk of default. If thats the conclusion you have come to then you ve stated it and have nothing else to contribute as it looks a very final.persepctive. good luck with your other stuff and hope your energies are best spent on the boards you are invested in.

Dig into not dog into haha

I totally agree...i keep meaning to dog into the likes of Payzone which GJ turned around...just in case it was the market or luck and not him..i suspect we re in good hands. Number 1 has to be.to stregthen the BOD..this is the critical RNS as a deeper team can ensure that the BODbisn t spread too thinly across the key challenges!

Hi Gabriel,
The only thing that makes us investable is our cash reserves. We absolutely have a cushion. That cushion will vanish on acceleration of complaints and a deterioration of assets(book of business not paying back). The business was right to say there is a material threat to Amigo as its true. However!...with the breathing space we can start to relend and at least grow the bottom line slowly and support the amortisation of the book as it unwinds. Complaints will eventually be dealt with and FCA will also not want to kill tbe business. In all, there is a decent chance of surviving. I don t think its clearcut but barring too much bad luck and rational management of finances this will turn. It could happen quick or slow but turn i think it will. Key for me is getting financing sorted. More sources of borrowing for Amigo and long term facilities so we can get.momentum and grow revenues. Feb/march this could start to fly.