Member Info for FrankyS1971

Even if Amigo went bust eventually, this isn't something that's going to happen today or tomorrow, it will take months for that day to arrive. Between now and then, it won't all be bleak, it'll be ambiguous I suspect, so the SP will have some good days. I think the risk is whether you blindly hold LT and don't keep a very close eye on proceedings. Until Glen is in and we hear some noise, its pure guess work so even if this heads back to 5p over the next month, its not an indication of anything as nothing will have substantially changed.
Amigo will fight back on all fronts and there will be positive noise. Its 1000% worth holding if you're in below 20p. I do think that level will come back over the next quarter. Where it goes thereafter is anyones guess.

You are utterly deluded Senator. Coming up with conceptual 'real value' kaka. You sound clueless. The price drops people buy, price goes up. It doesnt go to 1,2,3p put of convenience to suit your narrative. And as for your ' technical' soundbite. Its embarrassing. Like your compass and protractor has revealed where the SP is going lol..ridiculous.

Impossible to say. But how about another 25% on 8.3? 10.5p sounds realistic and i do believe it ll be an up day as there seems to be plenty of folk trying to get a bargain.

Well ..we can go to bed with a bit of hope-)....12-13p.would be highly pleasurable and any sniff of good news will take it there..even with nothing it might get there anyhow. my base instinct is that the EOY accounts were borderline scaremongering and very negative. Then low and behold the same douche director acquired circa 80k of shares, whatever the mechanism.

There s no point worrying about a penny or two avg. You re not going ro sell up anyway so why stress. In truth existing board and results are the worst case scneario on every level. GC will be grateful as there is no more surprises and only positives to come IMO

Easy answer..because the company states that there is a material possibility that it may not be operational going forward.

This is great Mark - i couldnt see these tweets of his before so thanks. I'll digest and go to bed more positive I hope!!!

Lets think about this - stated today "additional financing would be needed if customer complaints were higher than expected for a prolonged period"

When you then think also about JB's blog he wrote "they should have informed shareholders that they had now taken this position, made a provision for well over £1bn of redress...FCA guidance is very clear that, where systemic problems are recognised, customers who have not complained should be treated in the same way as customers who have complained..
...This infers to me that there is a good chance we will go under and the deluge of complaints is not going anywhere. - hence we have been told that there is material uncertainty as to whether the business can continue. In other words...major doubt.

So I ask, is GC really going to save the business and what is JB going to do - infact what realitically can they do?! It seems to me that the FCA is the obvious and vital key here. If we get clatity and get lending again, then maybe we can stay alive but not if they decide we don't have the cash to lend in the first place. Which we probably don't. Hate to say this but I think the odds are that we're in a death spiral but I might hang around to see if there is just one slither of positive news feed.

I think the likeliest outcome here is that business gets re-invested in by JB and whoever else when the time comes, but it will be at the detriment of us investors. We'll get pennies and they'll issue new debt and go again. I kind of hope there might be a bounce somewhere to get out of this as I can't afford to lose 40k. ouch.

Do you think good news will come that fast? I guess we have been officially warned that Amigo may not be a going concern if things get much worse, so this is a major major risk. A slither of news to get past 10p and I'd likely bail out. 13K down on these in a week or so ain't great but you payz yer money etc!

JB states - "If it is found that the FOS and FCA’s previous view is correct, shareholders will get back a good proportion of the money that was paid at float" -
1 Wait until JB gets to 10% then ousts the board.
2: He and Glen will take this to judicial review
3. one day in the distant future we may get £2 per share back or zip.

Realistically this feels like a dead man walking as systemic rules state that everyone needs paying back since 2010. The amount of compensation is going to be nearer 1Bn unless the ruling is challenged. ST not much will happen LT its a binary outcome. Thoughts?

With time to reflect. I would say the update is as bad as we feared but no worse. There will doubtless be downward pressure as an instinctive reaction to the news but when the dust settles and pragamtism takes hold this could end up green fairly quickly.

Yep done the same

What are the chances of yet more complaints to come this and next quarter?

i m seeing 3p. -(

Well you re right hellyeah been in for around 6-7 days and have 40k at 10.19 avg. Naturally now sh^%ing myself lol. Nothing would delight me more (understatement) than see this hit 20p on Monday but my instinct is to think that it might be a week or two with volatilty until it nudges that far up. I want to be wrong thouugh!!!!!

I think 110% in a day is rather OTT. It may take a whike longer than that

I hear you but the misperception if i may be so bold is to think that anything hugely positive needs to happen for a major rise. If it is apparent that this isnt anothrr Wonga and go8ng bust with a chance of recovery...that will be ample for 30-40%. At 14-15p in a LT context its nothing!!

Red or green by COP?? Prrdictions gents....?.....am thinking 2.5% red

Maybe. Yoday i m very much Meh about today. Its next week that will get interesting. Volatility all the way.