Member Info for FrankyS1971

I don't know how you figure that out PA. The financials at NSF look beyond dreadful. Amigo has a fair wedge of cash. Fair enough it doesn't belong to us but there are enough M£s to argue over and cut a deal.

Not you i ll assume Mark. Said more for avoidance of doubt. People will regret not being in this at 6-7p IMO. Most folk entering here are doing small speculative bets. They will sell on 20% profit whereas larger holders are typically 9p+ and will hold longer term. When news lands it ll be hard to get stock.

Mike Ashley wanted to offset all the losses against his tax bill not turn business around. Comparing apples and pears.

Judge will obviously allow it to go to a vote. What matters is FCA dogsbody agreeing that the SOA is equitable for all so that we get that approval, otherwise scheme will get pulled.

. Jimmy filtered when i realised it was HoundDog. That was like 2 months ago. Hope everyone is more switched on with Amigo than wasting time giving pond life oxygen.

?? It is tricky to comprehend yes halliwell. Tricky to comprehend that the new balanced scorecards across the board and massive beefing up of the risk team who are ex fca are there to repeat the same issues and problems going forward. Past is not the future. So lets not spout jibberish about amigo returning to business as usual and chucking in 1bn as a finger in the air mythical number to hang a hat on.

constructive arguing is good and your right PA. No one knows the answer for sure but at least use some obvious logic to get to an end decision not spouting sound bites based on rubbish. Like "the FCA want zero risk". effing annoying rubbish.

halliwell quick question - how does the FCA maintain their reputation whilst committing to customers that they will get nothing, despite FOS finding in their favour. How does the FOS get paid? How does that protect the FCA's reputation when there is a solution to simply shutting a business down with capital destruction all round??? answers on a postcard - anyone? lol....Mate sorry but your a total charlie if you really think that. There s no helping some people.

I have filtered Jimmy but before the green appeared i got the jist of your message. Plan B will involve a haircut for bondholders who in turn will force shareholders into one. Therefore you'd get more money into the pot to make it acceptable to the FCA. Plan C is a fund raise and/or sell the book of business. Plan B would see my 10p worth 4-5p and Plan C will see my 10p worth 0-2p. Plan D could be that we pay in full all the complaints but not as a lump sum as a monthly payment to harmonize the debt out. There are alternatives but none of them very palatable and as GJ says "this is the best solution for all creditors". Doesn't mean there aren't others they just become less palatable.

I wouldn t worry about any of those sites. Once FCA agree on redress formula for different categories of complainant, Amigo will begin a campaign against any misinformation. Also remember that these details are yet to land. I predict when the ins and outs appear in a few weeks that will build confidence that the SOA will stick.

Ah sorry seamus

Jeez. They wouldn t get anything Seamus. Surprised you don t know that?? Senior Note holders will immediately call in their debt to protect themselves if SOA fails. They are ahead of any other creditor.

Well it would appeat that there are many Vorags and Exprus that have bought albeit a little lower than 9p or so. Someone owns the shares-)..also surprised Expru as this was always going to the wire. The bond rating aint changed since the summer aka 1 above administration. Nothings changed apart from new management and some tub thumping.)

That should say 70% in PI hands

I don't disagree Neil. It does look desperate on first sight. However, its worth reminding oneself the intent here as actually, not much has changed. The SOA I promise 1000% was being thought about as early as the summer, even if they kept shareholders in the dark. On his video in the summer, he slipped the word "ringfencing" in and FCA immediately put a vreq out to prevent assets being moved about without their permission. So going back to old news is useful as a reminder of the intent. This is all part of a long term strategy to get through the legacy issues and you either trust the team and hope the FCA want Amigo as a trusted lending partner or not. Its out of GJ's control but as a team they have a lot of influence over FCA and they will find a compromise that's acceptable. That much I feel pretty confident about. Final thing. 42M shares in circulation, 70+% in their hands. If 3-4M shares are wanted and based on volumes and SP, that would see us back at 9p in a blink. Even a whiff of positive news would see that.

Well done jonno. Thats about right! If it wasnt brinksmanship then we d have to take on more pain.

Lifted from a bullsh. Merchant on twitter but well done for the cut and paste. I can go into each point and fairly easily rip each one down but suffice to say its actually painful to read ramping. We know what the show in town is so Who gives a flying f. About process improvement training or the Woollard report lol. Get real. We eitherr get the FCA endorsing the SOA or Amigo is univestable. Its like an estate agent claiming benefits like.
'This house benefits from its own front door'
AAA central heating when connected to mains
Comes with free garden gnomes'

"contentious area" that should say

How can you possibly do that with Axe over your head. Come on Yasawa thats stupid. The contentious are of an SOA will be whether at this point , creditors have been classified correctly. That is the thing being investigated and discussed. Once the FCA and Amigo agree on that classification and the redress calculations for each class of creditor it will go to court as planned. Why has everyone got their knickers in a twist. This is just a standard part of process.

The next RNS will read something along the lines of the FCA agreeing in principal to the SOA but with some changes to it. That will land late Feb to early March, so that creditors have a chance to decide on what they want to do come the court hearing at the end of March. I would expect FCA backing to remove the largest obstacle to a successful SOA out the way so actually, I think 10p could land by early March. At that point I may also have to take a haircut if things are being fudged along still. You lot are being too negative. You don't get an alternative to insolvency through, without lying on your back and appearing dead.