Member Info for GarryGraham

Vinson - I think the last thing in the world BOD can do is pay a dividend anytime in the near future. Amigo loans is not even trading as a going concern, has a mountain of claims to sort out and compliance issues. I think the first priority is to commence lending and then to shore up the balance sheet and regain the trust of the regulatory body. Amigo loans is a coin toss whether it can stay in business in the long term. I hope it does but as high risk shares goes this is in the top 10%.

Anyone who thinks the price of a barrel of oil in 2021 is going to be £40.00 - £50.00 is living in cloud cuckoo land. Oil today hit £45 a barrel. In 2021 as they start rolling out the vaccines all the world are going to be using energy like there is no tomorrow. A year of lockdown and flights will be overbooked, cruises will be overbooked and every man and his dog will be moving in one way shape or form. Oil prices will surge which will be very good for BPC if P1 is a gusher. Expect oil prices to remain high for the next few years after that as demand will be insatiable and reserves dwindle. As for this green energy UK National grid stated recently it cannot be sustained by solor or wind power.

This is being proposed and promoted by a few rich hoteliers in the Bahamas and seriously individuals . They are not interested in the £2billion in royalty revenues that will be distributed to the Bahamas government and economy as they know they will not see any of the money. They are only interested in their own self-interest. If its delayed and the price falls below my buy in price I will top up again.

I can confirm this. I know one of these people only and all I can say he is a very genuine person who is a smart cookie and a really genuine fella. I am pretty confident in saying the posts that he makes are always in the best faith. I wont say who he is out of respect and confidentiality to him.

sorry share meant to say investors will NOT be able to buy in at this price anymore.

Hi Share, please could you elaborate more on what you mean by suspend and delist and investors will be able to buy in at this price anymore. At what price would you foresee the nice price being and why. Appreciate you are more knowledgeable in this industry than I - All the very best GG

Londonwhale, Seems very strange the big fall in the SP in what seemed a rudimentary RNS in which it was positive if anything. Like you I am wondering if someone has got a sniff on something, but as always the PI is the last to hear. Only time will tell but absolutely no reason for it to fall like it did today based on the RNS.

Hi Ross, I predicted a mark of around 5.75 p up to drill. I am now revising this to around 4.75p - I think the only way this share will rocket upwards is in the event of an RNS confirming P1 has achieved successful target results of recoverable commercial oil.

Any chance of just one week we can have an IRENE KRAPP free week. No one reply to his/her replies or questions. These are two very important weeks for BPC share investors. IRENE is not an investor. Please lets have a board full of relavant comments about BPC rather than petty comments which are really tiresome now. HE/SHE will soon stop posting banal nonsense that we have heard time and time again if IGNORED. Please let us do so during this important period.

Irene K - In reply to your comments Starfish's lse account is from 20 Feb 2020, yet he claims to have been invested in BPC for many years.

Do you think on this point Starfish is telling Porky Pies.
WHAT DOES IT HAVE TO DO WITH YOU how long Star or any other investor on here has had his LSE account. Its going nothing to do with you and frankly I find it quite SAD that you have taken the time to scroll through Star's post to try to obtain this information. Surely you have some better to do rather than to stalk someone's account !
In fairness to Star, he has always said BPC is a high risk share whilst offering value insights and research . He is a strong proponent of BPC but his caveat is to add that you do your own research . We all know the risks, we all know P1 could be a duster but your posts become repetitive because they are not balanced . Now get back to your ironing.

Hi Share, I have decided to throw my hat in the ring and bought in yesterday. I have done this primarily on the reputation and integrity and track record of Lesley and Peter. I am really buying in to them. I understand fully its high risk and high reward but I think the timing could be right to have a small investment and maybe top up more as and when. It will be interesting to see what contracts develop in the next 12 months. Let's hope Advance Energy are very successful. Have a great weekend.

Ibiza28, Great post, entirely agree with your sentiments. This is what I also gathered from the presentation. I think the long term drilling of the oil is of no interest whatsoever to Messrs Potter and Uliel and Koot. I think they will either sell all rights to the Bahamas field or the company in its entirety. I don't see any long term desire to drill. Their DNA is to sell and I believe they won't be selling it cheap either. CERP was only bought as a last-minute backstop in case P1 is a duster and probably to get L Koot involved in the selling of the company. I firmly believe L Koot has the contacts to maximize the value of BPC should P1 be a gusher. This is where L Koot will come to the party and prove his worth. Any invester looking to sell and buy in again at this stage is really playing Russian Roulette and seriously risks missing the boat.

Thanks share. Your advice is very much appreciated.

So please tell me can Amigo Loans offer new loans to new customers- NO ? Please tell me have the claims companies suddenly stopped pursuing Amigo Loans for repayment of loans and interest - NO . "Nine in 10 complaints about guarantor loans are successful – that's even higher than for PPI " - source Moneysavingexpert.com
The company's reputation is in shatters.

This share is going up purely on private investors thinking they are going to get rich as the SP has fallen substantially. What small private investors fail to take into consideration is the following. 1. Even if Amigo Loans have enough cash to repay all the claimants who are making successful claims, Amigo Loans are not lending at present and have stated no date in which they will do. They have no source of income and the company is simply burning cash on a month by month basis. 2. Have you seen the number of claim companies who are jumping on to this now. This is another PPI claim bonanza for claim companies even moneysavingexpert.com are pushing reclaims. The difference being PPI claims were made against major banking institutions and Amigo Loans is no Natwest or Barclays. Google reclaim my Amigo loan and there are numerous companies jumping on this bandwagon. Amigo loans are going to run out of cash 3. Consider the number of current customers who will simply be defaulting on their loans due to the covid crisis. Amigo Loans cannot do anything as the loan was probably mis-sold in the first place. 4. Has anyone on here looked at the google reviews for Amigo Loans, they are shocking. Who in their right mind is going to take out a loan in the future when they eventually if ever get the clearance to start lending again. Amigo Loans have a major reputation problem 5. I appreciate the new CEO has tons of experience but I just think this is "one bridge to far" everything is stacked against him. 6. Amigo are battling the regulator, the claims companies, a dreadful reputation. Invest at your peril.

I just don’t see a reason other than a gamblers sentiment and that the SP is at a low price and for the potential vaccine that it has risen. Bottom line is Amigo is still shelling out hundreds of thousands monthly to claims companies for missold loans. Amigo still has tons of issues with the regulator and most importantly Amigo is offering no loans whatsoever. Essentially it’s burning cash all the time with no clear water in sight.

Hi Share- this is definitely on my watch list and I am considering investing in this company with a significant investment but other I’m concerned with the number of shares in issue and the fact that nothing concrete has been awarded to date. Effectively at this early stage we are investing in the integrity of the directors and their capabilities. It’s a huge risk but with risk comes reward.

Absolutely agreed. The company has a massive sales book with £7.6bn of orders. They have made mistakes but they are perfectly geared to turn this around again. Kier has the infrastructure to take on jobs that most companies except the top four can do. HS2 will make a company maker as well. This stock is massively underpriced. Kier will be here in 5 years time and it will certainly not be anywhere near what it is today.

Is there any reason other than sentiment why the SP should rise ? Certainly not deramping just wanted to know what the reason for the rise was in the SP. Have Amigo issued any RNS's or is just a bounce back due to the vaccine ?

Hi Share, They have 1.5bn in issue at the moment and nothing tangible in the way of contracts or revenue coming in at the moment. Therefore if you base it on these pure facts 1.5 bn shares is an awful lot of shares to be issued. I appreciate most companies issue shares to raise capital but really one of the main selling points in the recent interview from Lesley was that this company does not need to raise revenue and is debt free and the overheads are minimal. If the SP raises on an RNS stating contracts have been won and then effectively there is an issue of a further 1.5bn shares surely this is going to send the SP tanking downwards or have I missed something. Apologies if I have.