Member Info for FrankyS1971

correct - not easy to make = expensive = higher cost = higher cost to sell, longer sales cycles, higher ops costs = unprofitable.
Shame really another classic Aim company with a great idea that is very hard to monetise. Only traders will do well off the back of sentiment as ability of business to be self-sufficient isn't there. If you're already in this stock you are now trapped in hoping for a traders spike. Look at GDR and you can see the same pattern where the traders make the fast money but the investors are locked in.

As i said this will be a toby carvery and 10p shares will be worth 2-3p equivalent. I assume that without a raise, creditors will get far less redress making that aspect a no brainer. On relending 2p will be 10p again PDQ and then the long march up in a covid hit market where lenders flourish. The climb will be less spectacular and long which is why the LTIP is 40p. Happy to be at same level as mgt for future and also with opportunity to buy in for more.

I think the LTIPS are a good guide of price action. Pretty sure you ll see multi bag returns but over a couple of years not least woth markey dynamics as they are.

Wish i had more ammo to take up the offer!-))..

Question: why do any serious investors want the SP up??? Down is best. Or do you want the SP to be weaponised by the FCA like before and for Amigo to become a political football?
Question 2. Has anyone wondered why the date was moved forward for HY reporting? Well its to ensure we avoid defaulting by not sailing too close to the wind. That matters because the easiest thing to do to go into administration would be to all the Senior Secured Note Holders take control of the business. Its fairly clear Mgt aren t going to allow that to happen.
Finally, the FCA exist to protect consumers but not only. They must also balance that against the broader needs of the economy. They do actually have the mandate to fix this but agreeing on comp levels is going to be complex and involve brinksmanship/ negotiations and time. This may still take a while but we have 2 full years to restructure bond payments. There is no imminent chance of default.

Clintek 100% agreed. Only ever held here as its all guessing otherwise. All i believe is that there will be a fix and a future for the business, so when its ready, its ready and not before. Funny how Jimmy and Prolapse always go quiet on up days.

TBH Clintek i think they will be tight lipped and very little will come out until a full and final settlement is agreed on with FCA. All tomorrow will prove is that we have time still to sort the problems out. I would be stunned if there was much more they can even allude to as they simply could do without the SP rocketing up. I m personally expecting a slide in the SP but I'll hold through the clutter knowing a resolution is the likeliest outcome which I think will come next month.

This smells like a classic case of AIM investors getting well ahead of themselves. Anyone know of Lucid Networks? A tern business that has invested a few million quid into an Electric Chargepoint Proposition. It sounds great...being able to charge customers directly for the amount of power they use. How much has been sold after a squadron of contractors have been working on this for a couple of years? Zero. why? Because its a nice idea but nothing easily monetised and they still don't understand who the target market is and how to sell it. You will simply find a lot of these investments are great stories and feel ever so compeliing but in reality they are real slow burners if they ever get going at all. There ain't going to be some massive Sales explosion and I can tell you now, I think the SP is way ahead of itself and should be more like 10-12p. Invest with 3-5 years in mind, not to the rampers banging on about listing on Nasdaq like this is the Klondyke charge.

Essentially what you're saying is that the SOA may not happen and Amigo will go into administration. Riddle me this. The Court asked Amigo to come back with another proposal and the last few months has been squaring this away with the FCA. It is a legal right for Amigo to use an SOA and avoid admin. So essentially then, you are saying that MPs and the FCA will take that legal right away and also go against creditors by ensuring they get nothing despite voting yes to a deal?? well you have one opinion and I another:-)) |GLA

Starrenstoff - I'm not sure if I am entirely missing the point as rubber stamps on products may be a nice filip for the share price, but it is only Sales that truthfully matter now, with an 18 month runway after the raise. The market and SP reflects the lack of sales and not the lack of regulatory markings. I might add that AIHL market penetration is going to take years not months, both in the UK and beyond. There is no chance this is some big money spinner, although granted, progress will be made over the next couple of years. We are therefore reliant on POC COV in the short term. Whether you think 18p is now fair value risk/reward is up to you all on a personal basis. I can see this halving again, without proper advice on Sales numbers as Budd can't talk the talk anymore and has to walk the walk for retail investors to move back in. We'll see. I don't have crystal ball.

Duh....i agree strongwoman best stay out of a share you have little clue about. You need to reimagine Amigo as a different brand, different operating model, different IT stack different Mt team, different products. You seem out of your depth if you honestly think the business will relaunch as was. Honestly, harvey price in a vat of tar is less dense than this.

If you all read through RNS's properly, you'll see that in one of the more recent releases, Budd has already stated that they will update the market on sales in the Spring. Just to save you all fretting about whether a release will land before, he suggests not.

Hey Indigo - I aim to please:-)..well my best guess, is that the share on relending will re-rate swiftly anyhow. so if the SP even went to 3p in old money it would be 10P + after all this s haitch it anyway. My reckoning is therefore, from these prices that there is only an upside, unless you believe administration is the final outcome. I don't believe it is, neither does the mgt team or the judge. Interesting bounce at the end and good to see Jimmy finally buying in.

Can't wait to see 12-13p. I might buy back in. lol

But the vote can happen whilst the new date in court is set so the whole thing from announcement to rubber stamp need not be more than 4-6 weeks. This doesn't need to drag with the FCA in support.

One of the advantages of a scheme of arrangement is its flexibility. You can go online and see reworked schemes not requiring the full court process, as some of the steps are already completed. The SOA is a mechanism to provide a broad range of restructuring solutions including debt for equity swaps, new money, re-setting of payment terms etc etc. If the FCA give Amigo the greenlight with one of the above mechanisms and the creditor panel has agreed, it will not require the full process. Anyone who says any different is talking shi7! It doesn't mean that a full process won't happen but it means that the mechanics allow for flexibility and its the court to decide.

Absolutely correct Sian. This is about treating customers fairly and things can t be kept motionless for ever. FCA will ensure a compromise and be very demanding so i m seeing a toby carvery where we lose 50% of our meat. But on relending i still see 20-25p. Possibly more if the products are exciting.

Well amigo won t do anything without FCA approval. They won t go against the regulator without an agreement so honestly don t think its here or there. With FCA backing it ll get fast tracked. Without FCA backing we won t go to court. Simple as.

Why are you assuming the funds are being raised at todays SP? Year high was 30p. The brokers may set 20p+ as fair value?..
Only guess work of course.

Thanks Pantz - This is of course what I'm saying. Yuri I can't read as its green so I imagine seized on to create some negative spin. Amigo will rebrand with new digital products- that's why Maria has been put in place to advise. Lets just wait for the compromise announcement and next steps to land before year end. Further, if the FCA back the plan, the court will fast track. No need for creditor vote as they have already voted yes to what would have been a worse deal.