RE: JP Morgan24 Feb 2021 13:00
Mark - this is only the smallest part of the packet in reality. Better than expected results is ultimately a side-show. I wouldn't buy Amigo because of that with an insolvency looming large as an II. This is ultimately back to the bigger theme and the one that matters. A workable SOA for all and a return to lending. Indeed I think JPM buying, is more a sign that equity holders will not have to take a haircut as part of the price of the SOA getting FCA backing (not approval just a thumbs up). Plan B is not needed I suspect which would have been pretty unpleasant. Still, its not over until the fat lady sings and signs SOA's into law.