Member Info for FrankyS1971

>>TekCapital?? Hope so. guy I spoke to was going for a Commercial Director role and was saying it was through Tern..unless the contact at Tern put him in touch with Tek?! possible I guess..tern def have other investments on the go beyond the handful listed on website but they're into existing private Cos as I understand it. anyway, I'm sure 20p will be good value but these things always take an age.

Tern Plc acquires and invests in privately owned IT companies so there are several businesses that you may not hear about via the Tern website etc.

It does exist, (Lucid) it's just another under the radar investment but they've spent millions. Basically they have a platform which allows a business to charge their customers specifically for the amount of energy they use rather than wrapping it into the overall cost. Say if you stayed at a Travelodge for example. How much energy you personally use is an unknown. This sounds like it could be great so they got contractors in to build the platform at a serious cost (these guys were on all day rates of 500-600 per day to build it out). 4m quid later and they can't sell it, they don't know their market and tern investors ain't happy. I hear this through someone in detail and it just puts me off as Its a classic case of chucking easy money at something without the discipline. If its happening with one investment in the portfolio it then makes you wonder. It's easy to get us shareholders to raise the funds but they can Foff when they're all paying themselves nicely an there's no SH value being created. I'm not saying its all bad, but the above is just poor use of capital as you should know your market. That product is clearly going to be a nice to have but monetising it....its not a must have...so...by bye 4m+ quid and counting of your money.

All very true HH though I rather think GJ will err on side of caution when it comes to the SP as it was a big deal that was used against us in the end. The FCA would clearly prefer 300000+ sub prime customers use credit unions. London Mutual Credit Union you can get a loan for several grand at as low as 6% and a max of 16%. Trouble is the CU's can only cater for 10% of market so FCA can't be that stupid to fk vulnerable people over when this is our job as shareholders. HAHAHA

The business is fighting hard to find a way through this and mgt team learning on the job. Sp suggesting amigo is a lost cause but it isn t just yet. Threading through eye of small needle but i maintain that the lower the SP the better. Gj will not allow the SP to ruin this 2nd time around.

Blimey sounds a pullava lol. Is the general mood one of concern yet? I m starting to wonder that the FCA simply wants us down and out. We ll see.

Sounds good...whats the group name again..soz to ask..

Hi indigo ...did think about joining but then its potentially an echo chamber and a bit group thinky...that said the negatiblve comments are baseless nonsense anyway...i ll try and find group as can t be worse tgan this for certain haha!!

Like I said Lucid Networks a Tern investment has burned 4M cash on contractors and they still can't monetise the product. That was enough for me to swerve Tern as a whole. They could have easily hired perm people for a fraction of the cost and be just as far along with the go to market strategy, but instead have burned through cash with no discipline. That will be the corporate culture across all investments and its easy to do when its not your money and everyone's getting paid a nice wedge. Glad to ignore the rampers on this. It'll be years before some winners in the Tern Stable really monetise so just a long term investment for those now stuck in it.

Expect the price to drift down until they have sold their holdings in full. I beleive that there is a conflict of interest if they are advising on the share issue and may be against the rules as such?

The movemets are owing to amigo paying the LT debt down. Bybrook was positioning to take advantage of the distressed debt and restructure the bonds on the cheap . Something like that.

Hqhah IK - true Dat

the Grand Old Duke of York has got 10,000 in this apparently

This is down over 50% in 6 months and up 80% in 5 days and down 30% in 2 days. Them that play with fire get burned. Them that try and catch a falling knife get cut...um them that try and catch pop tarts out of the toaster get jam everywhere..um them that try swimming with Dolphins get a handful of Dolphin cok..ermmm them that paraglide off a ladder end up in a wheelchair. Most of these quotes are from Confucious who was a Chinese trader back in the 1950s I think.

The main concern beyond insolvency (haha)..is the notion of dealing with creditors and future lending in the same breath. The FCA have definitely been clear previously that they won't discuss lending until there is a line drawn under Amigos liabilities. Now - if they resolutely stick to that, then the premise of a raise in the way envisaged is basically torpedoed. If the FCA swing around and say, raise the money first and then we'll talk, we're stuffed. The FCA is a draconian outfit and the A stands for authoritarion, so its on them to be persuaded by the efforts and intent hence the language GJ uses in the latest vid. "We're grateful to the FCA and the Court" etc etc..Had the Amigo shareholder committee asked, what is the FCA's attitude toward this and has it softened or shifted, we d possibly be in a better place to understand where we're at.

Newbie. Shareholders will have to give up significantly mote than that to appease FCA.

Freekick - When we go to court to propose a restructure and a commitment to put X into the pot that will of course only happen on a sanctioning. I think the fundraise will already be organised to happen straight after so creditors can get paid. I assume this is the plan. You can't raise funds before a sanction hearing as amigo is uninvestable until then, so I can't see how it can happen any differently. We won't know the level of dilution or what the SP basis is beyond knowing as this all inevitably build up, that 8p is a F!in beautiful bargain. Oh to have spare cash.

Insolvency is the issue Senator as you raised it effectively by suggesting a fundraise will be pinned to todays SP which is only there because of the threat of Insolvency. With a line drawn under compensation and insolvency off the table, what value then? 100M in the Bank and a green light to relend, what would the SP be?? That is the correct question to be asking and the answer is vastly more than 8p I can promise you that. I believe as we build toward the prospect of a resolution, the SP will rise to reflect the scenario not of insolvency but of a trading business and the traders will jump on this and pump it up as before. Worst case there will be windows of opportunity even if you think inevitably it won't work out.

Senator - why are you looking at the SP as a valuation of the business? The SP does not reflect the value of Amigo if it is a going concern with a forward looking business. Remove the prospect of insolvency and what do you think the value and SP is?

If I renegotiate a contract its because I'm not happy with the deal and I'm not making enough money. If they want to renegotiate a contract its cos they want to pay less! What it tells us is that operationally Nano are learning on the job and realise they're not making enough so the begging bowl to existing clients is coming out.