Member Info for FrankyS1971

It might be worth mentioning that there was no financial redress with that particular case

Cheers Rich..MMS are so clearly going to go through every psychological ploy in the book to expunge weak holders at cheap prices and create big margins for themselves. They re bound to be focused on Amigo knowing the army of PI's they can pick off and squeeze. They have a couple of weeks to enjoy before there is meaningful news so we'll be in a pocket of weird price moves with downward pressure continuing probably. Most of us are moving to investor rather than trader mentality and able to withhold the paper money losses short-term. Its only a paper loss! Don't be daft and sell anyone!

I m making a daily request for all to filter idiots like hound etc so that the board is cleaner. Don't give these guys oxygen just filter please. Half of what I read is responses to idiots I have filtered and there is nothing of value in it. Let's talk about Amigo positively rather than rake over the obvious risks that we re all aware of with this poisonous edge to it, largely out of spite and nastiness. Please get Filtering.

Claire..IMO this will pop certainly north of 10-12p on next to nothing. I see head scratching and us asking why did it jump?? We ll be none the wiser.

Not sure Hunni, but key worker loans, still a side show bob to mainstream lending. Its an unusually liquid stock. So many PI s have shares that need to end up with serious LT holders. Only then can there be supply side stock issues that make the price rise in a sustainable way. I don t think we ll go bust but its not much better than a 70/30% bet in our favour. I perosnally think its 50p by spring or bust by Jan. The multi bagger stocks are very often binary events.

There is a lot of over thinking on the board and i get that. Bringing this back to basics there is no stable business untill lending restarts and there is a predicable revenue stream. This will allow longer term investors in who want growth not value. Until then it is a very liquid stock and sadly for me going to have downward pressure. The dynamics will change in a few weeks. Demand will out strip supply when the LT investment comes.

this will edge lower IMO and then as previously suggested it will fly 40% with NO NEWS. What you have is a very liquid share which requires many PI s to get shaken out and for the shares to be held and become illiquid. mms playing a beauty. Drip drip down then bang.

Relending will start just shortly after half year results and in time for Christmas. Around mid-November IMHO. SP.is behaving like a stock that won t relend in the forseeable future. If we waited for the news it would be too late/hard to buy in.

I am over 10k down. 8.5%. But on paper. This will be an insipid daily drip down to 7 or 8p possibly and then back to 12p in a day.

Hoorrray Thaw...another one bites the dust-)) very peed off as i sold me Vertu Motor shares at 27p having bought at 25p 3 months or so ago..they re now 32p. That money is sunk into Amigo. Talk about being over-exposed!

Even more mystifying is why you don t immediately block dreampers so they don t get oxygen??? Just immediately filter please so they get bored and go away.

What is key is that we are told there was no systemic failure before Nov 2018. If claims are being paid.for issues b4 then, we are 100% done for IMO. You only need one or two test caes for the rest to then start landing. There is certainly no timeline detailed by the CMCs! We are therefore invested on 2 pieces of info. The above and Nayans model that suggests a prudent provision is in place. And finally, that they want to start relending. This isnt much to hang a hat on ie the words of a guy who got the business into a spot in the first place. Good stories for and against here. Big leap of faith.

You would think if Amigo was on the brink they would hold the regulator to a judicial review which they stated the other week was still an option. If they re not pressing that last resort button i would want to believe its because they are not at brink and can see beyond it.

claims remain volatile WTF. This deadline for complaintsni don t get or understand as there are mre coming in so how do you meet the deadline? I know 1000% that the only thing that stopped complaints at BrightHouse was administration. They are still getting complaints but FOS has told complainants its too late. Further, they had buyers to take the book of business in run off but the FOS told them they would then have to then deal with the complaints so it all fell through. Our model is hopefully more robust but i m not naive enough to believe that complaints have stopped. What i hope is that the provision accounts for projected totalnof complaints not complaints to date??!

If you look across director deals in many companies circa 50k is pretty standard. I think its a meaningful amount without raising eyebrows. So if GJ or someone else put down 500k and started making positive RNS s you d have to ask questions about the authenticity right?!-)

Don t forget Amigo is paying down debt. A LOT of debt. No mention of their indebtedness and that they are threading this through the eye of a pretty small needle. Not.doom mongering just eyes wide open.

Sheyitt traded cantamin from 90p to 2 quid in and out a few times. Did very well. Not touched it for 2 months. Bought last thing and sold first thing at a 4k loss. Not end of world just seriously unlucky this time around. Further guidance needed b4 touching this again.

Why? Well quite a few of them are off mate for a start. -)

The other reason GJ invested to be clear was to put a floor under the price which prevents JB or anyone else building up a cheap stake in the business amd then interfering.

Filtered hound..my predictive text suggested filleted which i would prefer as an option.