Member Info for GosiaS

Florida, I am not an expert in every market I invest in the stock and I don't claim to be. I have portfolio of around 20 different companies from different industries, some big boys and stable, some growing stars and some black horses with great potential (something about not keeping eggs in one basket?). I buy when I like what I see and I did my research before investing. Do I religiously follow EVERY single bit and step from the companies I invested? Hell no, I would go mental from sleep deprivation. I rely on people like you - deeply involved in the company life, living and breathing every step it makes :-) and then it's down to my judgment if I want to deep dive or I am content with the information. Hence was my question to you. And thank you for replying :-)

How not to love them? All right moves from the very beginning. BoD is very savvy :-)

Well, with the death of Greensill, there will be a void on the market that needs filling and filling quickly. Obviously some companies like Vodafone, who do not produce goods won't fit the bill, but others will. Let's hope it is not Gupta's type of companies. It's another opportunity for SYME to step in and grab a slice of it. And this is first time I will about: COMMON SYME! Go global! Start that business and stop flaffing around!

Sweet Gee, thank you for reminding me this. Now we know why accounts are delayed and that there is a light in the tunnel we will see these before winter starts...

As NED she is still very much accountable for mistakes AZ and his team makes. So she better be more persuasive when it is coming to this company future...

Let's hope he can buil some positive outcome on the lesson learned and do not repeat the same mistakes. After dealing with the street lenders like Amigo and Provident, FCA is more likely to start looking into tightening the regulation around commercial lending and business activities disguised not to be such.
For SYME this is a great opportunity to polish their business model and prepare way ahead for this. Obviously I am interested if the new guy will be paid high street salary or just needs to prove his worth first.

JDW79, no one would talk about administration if GJ himself would not bring insolvency issue to the table in case the court don't approve SOA. Maybe there are other ways of dealing with insolvency than administration like take over?
Ideally for everyone would be for Amigo to start trading under new compliant rules (new book of business, so called Amigo 2.0). This would resolve the issue with the cash flow and allow to pay redress and close down the current book of business. This however needs a blessing of the current creditors as someone needs to fork out cash for it. This also is more likely end up with the share dilution, but at least would keep Amigo afloat. The second thing I would like to see is GJ hiring a good legal company and going after CMS companies that raised fradulent or void claims that cost Amigo a fortune (FOS fees). I would do everything to take them down and to repay all those fees with interest rates so redress can be paid faster.
I am still invested in AMIGO, but not as much as I was before. I've sold majority of shares with loss and keeping only a minumum pool on SIP, but I will not hesitate to buy back if GJ comes with a sensitive option that can allow AMIGO to survive this crisis.

It would be great. Also Florida has mentioned Canadian's report. Not sure what is relates to, but any good news are welcome.

Looking at the companies who went into administration, the administration company and lawyers are the one who win here. The Administrators will pay the creditors based on their pecking order and try to raise as much capital from selling whatever valuable is left. It's more than likely that the trading will be suspended in such case. The cost of administration will be massive for sure.
If put into administration, no redress will be paid (unless FCA will fight the case) and existing clients of Amigo will be told to pay the debt faster or will be sold to another provider. I expect that debt recovery will be aggressive with debt collection companies getting busy. That's my opinion.
I still hope that GJ will get his team rounded and finds another way of this mess

Awesome news!

Thank you Florida. I think we just need to sit tight and wait for RNS explaining what is going on and why AC decided/ not decided to progress this opportunity further down. The fact he hasn't done it yet tells me that the game is not over yet and the fact that only part of contestants has been announced means that there will be a scandal and appeals from other contestants.
If AC will announce that ZEN is not progressing this for whatever reason, I will be actually pleased with such RNS as it shows his sensible approach. There is a lot of other opportunities to chase in Africa, which are more stable, profitable and commercially sounder.

£0.5 per share on options? Nice one :-)

Then imagine an entry ticket between $5 to $20 mln to get marginal field plus investment to get oil going. Time before this is profitable at some % of $100 per barrel (yes, you have a partner who gets other %), then how long it will take to break even? This may eat capital ZEN could use to get other wells going and producing oil. I think AC will not go for Nigerian deal if all those reports are true. It would not make any sense financially.

And what if these are not serious II, but these are companies specialising in betting on shares?

Why then we ,who already invested, cannot see this information? It is a public company for God sake

Startups are tricky to get up and running. What's not tricky is setting expectations and sticking to these. And if not possible, then a good reason should be given and another date set in RNS. That date should be KEPT then no matter what. Looks like SYME loves a concept of "tomorrow" and "day after tomorrow" and producing results only when FCA sticks the gun to their head for breaking rules (which already happened if you remember).

Informed how? Via those ramping but not really commiting RNSes, late accounts or gossip on BB? Let me think... Another brilliant interview with AZ that cannot be classed as a formal news in FCA and LSE standards?
Don't get me wrong - I think the concept for this business is brilliant, hence I invested my savings here. But the communication and execution of it is simply appalling. The reputable business is always looking into these aspects - PR based on facts and respect for the shareholders and their invested money should not be undervalued as it is in SYME case. AZ maybe a brilliant dreamer, but he needs to understand that SP value is not just selling the dream, it's a very substance behind it - implementation and communication.

Just opposite Guitarman. These are VERY important accounts for the following reasons:
1. Showing progress in implementing strategy of the company
2. Showing how BoD invested capital generated by selling shares.
3 showing how the company is compliant and CAPABLE of keeping important deadlines.
4. Stating all risks and opportunities for another 12 months.

I am not interested in finding out what's planned for 2021 in October 2021.

I agree with BrassGemini, there are only 3 things that can really add true value to this SP:
1. Official list of II from the high end, who are really invested at high level.
2. Announcement of the official trading - not just list of interested companies who signed for tomorrow's services - which means the company is generating a revenue based on its business concept.
3. Good 2020 accounts. I don't expect a profit there, but a proof that the business is setting up for the operation, that the business concept is being implemented and leading to cash generation.

I have no expectations of these 2020 accounts being a magically brilliant, but the way the company acts it regards of getting these published is putting me a bit off.

At the moment I am invested in the dream that may as well turn into a nightmare. AZ is using Covid-19 to delay these accounts for no reason. Technically the company didn't suffer as much during this pandemic to use it as an excuse. Actually this pandemic was/is a brilliant opportunity for such type of the business. Looking at all RNSes it should already fly high. And yet, we are here. Another excuse, another delay.
I am getting tired of waiting for AZ to act as a business owner and founder of the public company should.

Those money can be spent better on other acquisitions and starting production in the recently bought ones.