Member Info for FrankyS1971

I disagree Cnel. Night follows day so you'll see relending start virtually in days of scheme approval. Therefore more likely 35-40p and then selling the news back to 32-35p. Then spikey progress up to 50p by end of summer.

So hang on...are we saying that 16% of shares are still in the hands of these two IIs or only 8% or is it 16% just with JPM??!! I assumed 8% each to be quite honest but happy to be educated,

Oh yeah hillman lol...what happened to him?..he called.it spot on apart from being several months out with each issue thats been straightened up. Apparently it is all about timing though.

The sanctions will be 1. A fine that covers the amount that the FOS would have triggered pre the scheme plus a bit more. I k thinking 10m..2. An order to set aside a capital buffer of maybe 10% of profits as a an extra pot for future claims beyond the pot for past claims. Either way as golf gains points out as long as there is a business i d be staggered not to see 50p+ at some point later this year.

Oh the Grand Old Duke of North
He had 10000 men.
He marched them up to the top of the hill
And marched them down again.

Unless you're spending money on proper buy and sell analytics, its not very useful anyhow which is why I can't see the point trading as its just a crap shoot and guessathon. Best be serene and hold:-)

There's always a buyer and seller matched. if the deal is below the mid-point its marked as a sell and if above as a buy. There are volumes that MMS can sit on for a few days but generally the above premise is in play.

um big ideas...its always a 50/50 buy v sell split lol!!!

Trading is a mugs game and most retail traders lose their money as we don t have access to the same info as professional traders. All good and well looking at the dips but how will you feel getting it wrong and seeing it jump from 18p to 30p? You ll wait and wait hoping for a drop and the moment will pass. LTH is more sensible if you can assess the risk as one you re comfortable with. Ignore the ups and downs as its a head fukc otherwise.

The business is going private with a vc investor.

True stuart...if they are it might be why the SP is being pinned down still. Brokers know what price the IIs will buy at. This wont matter in a few weeks. The vote will pass.

Oh dear. The shares have already been purchased and didnt do much to the SP. Probably make not a jot of difference to sp in immediate future but undescores probability of where this is heading over next few weeks/months.

TDW - be cynical - be intensely cynical. Then on the other side of it you'll see around 10-12 million adults deemed "sub prime" who have no access to mainstream credit. So we capture just 5% of that market cos of all your cynical arguments and...i'm seeing 500-600,000 customers valid customers still. Now....add in a strong recovery off the back of Covid and well..its not hard to move past even the bleakest prognosis. the Amigo future is very bright. I also believe you'll see an entirely new trading brand and suite of products. Watch this space.

Doesnt sound that fishy Vorag...it ll be 80% minimum in favour. If more than 1 in 4 say no i prefer amigo to go bust above 200 quid, i d be beyond staggered.

Hi Bluesky - I know I am somewhat bullish sounding here, which rather air-brushes the pragmatic thinking going on. You are right to say that the market doesn't like the unknown and the narrative of an insolvency is going to clearly keep this in check. That is not to say this SOA can't be a shoe in at the same time. Lets just say then, that if the mgt team don't drop any major balls, the scheme has a better than good chance of approval. There is a reason why the Scheme and voting has been constructed the way it has. And I know its controversial. The reason we have paid millions of pounds in legal fees to SOA experts is so that it passes. We know all the ins and outs of it and no logic can dissuade me that the majority of people will vote no to somehow spite Amigo and not get any money. so sorry its a shoe in and ain't my issue if people can't look through the construct of it and see it clear as daylight.

This is the bit I believe that will wrong foot people. Lending I believe will be announced within a day or two of the court sanctioning the scheme. I think everything is already lined up and ready to go.

I can t see that happening unless there is a negative RNS. Most people in Amigo are now proper holders. 30% are IIs like Mubadala and now JPM and Bybrook. We also know that the Vinson List has circa 35% of the stock. Sticky hands. The iis were buying at 12-13p so thats the likely floor.

He s gone quiet since mummy packed him off for a bath and glass of milk. Good lad.

I think he was maxed out on Amigo loans and it all got too much.

We could re-enact the scene from The Godfather II when Fredo gets taken out onto Lake Tahoe on the boat and never comes back. I'm casting Timmy Coles in that role so we need to get him over to Vinsons aka The Godfather.