Member Info for gruntie

I bag at 16.8p.

Personally, them buying 50k shares here or there doesn't really mean anything - alot of people on these boards probably hold more than GJ and co. This is just a token gesture to instil some confidence for PI's like us.

Their big incentive is their Long Term Incentive Plan reward which has literally millions of shares potentially avaialble (9.5million to GJ). to them by hitting certain targets. For 40% of these shares, the target is to get the Share price upto 40p from a baseline of 12p. That's a 233% increase.

What are people's thoughts on the upcoming results?

Are we wanting to see some improvement to give everyone who holds and has been holding some justification as to why they hold AMGO and maybe give the SP the smallest of nudges, or would people prefer for the results to be more on the depressing side to give a bit more weight that it's an SOA or nothing? (Yes, there may be a plan B, C etc as discussed previously that doesn't want to be mentioned yet by the board).

Personally, I can see these coming in somewhere in the middle, alot of Covid payment breaks having come to an end (increase of revenue again), but also alot of people still struggling and maybe not prioritising paying their unsecured debts (rise in defaults).

This sounds very much like GJ doing the rounds now getting the AMGO name out there to maybe jog people who had old loans (and no issues) to take notice when they start getting letters or emails etc for the vote.

Seamus, my concern with the judge part is; If '000's of past and present customers actually vote no (because they prefer to see pain imposed on AMGO rather than getting pennies in the pound) why would a judge allow the SOA? It's not as if the whole market is exactly a glowing example of help to society... this whole industry just seems like a whack-a-mole for CMC's until a point in time that sub prime lenders are there to actually help rather than take advantage.

I fully get what Blind was saying in his initial post. Many a time I have foregone goodwill gestures from companies that have messed me around, just so I can tell them to shove it up their ar*e. However, I appreciate I'm not living hand to mouth struggling to make end meet. Hopefully enough past customers see this as "Woah, someone will give me £30 to click a link in an email" (And I think it really needs to be that easy to sign up, or else people wont do it).

Can fully understand that. People need to receive a couple hundred quid in their pocket for it to outweigh their distaste for AMGO.

Expru, their original PR agent was Walker Agency by the looks of things - walkeragency.co.uk/amigo-loans They're also based in Bournemouth.

Maybe people will only be happy once all these companies (that genuinely serve a need) are gone, and consumers with no credit score are driven to old school loan sharks.

Sure there was people on this BB a few weeks ago (customers of AMGO, not investors) gloating at how much they're due and how it'll send them on fancy holidays next year.. this why such people will be lining up for more credit in the future, as the only time they see a life changing lump sum, they decide to spunk it away rather than do something sensible to make that new nest egg grow and see them through alot longer.

I truly do hope there is more pent up demand than I expect - I'm a long term holder of IAG and other airlines and hotel groups. However, even if the UK gets momentum behind their vaccine roll out, and restrictions and lock downs start to ease over the coming months, that doesn't mean alot unless the UK can open up travel corridors with other countries (which may still have closed borders with others).

I dont have great knowledge of markup's on airfare tickets, but im sure theres more money to be made on a 777 going to Sinagpore or the US than a small Airbus A320 going to Spain with everyone having paid £50 in the sale. I think the only thing to drive this past the 160-170p range of good sentiment is the US opening its borders.

Sorry, hadn't finished previous message.

Whilst there's demand, I wouldn't say it's pent up demand. The rising prices and shortage of seats is because alot of aircraft are parked up. I fly between Bristol, Belfast and Heathrow regularly with Easyjet & BA, and the number of aircraft sat there is red plastic hoods over the engines is concerning. When looking for flights to say the Canary Islands from Belfast in May - theres 2 flights a week to Tenerfie. There would've been daily flights to Tenerfice,Lanzarote and Gran Canaria last year. Stripping out 90% of the flights to a prime holiday destination doesn't scream huge demand (OK, that 1 route). But I suspect IAG/RYA/EZJ will want to get as close to 100% bums on seats on the flights they are doing, and charging top dollar.

Whilst there's demand, I wouldn't say it's pent up demand. The rising prices and shortage of seats is because alot of aircraft are parked up

and it appears it's all in vain with RYA cancelling "the majority" of their Irish and UK flights until those governments improve quarantine and covid/travel related restrictions.

Hi Mouse. I've been thinking the same thing recently and having offloaded my "old school" oil and gas shares (only keeping the likes of GLEN) was looking for Green sectors, especially wind and solar as I think this will be the new Oil having seen the price of energy created by them beating their oil and gas counterparts. Are you involved in any such Green shares that may be worth looking into besides just Hydrogen?

The fact that most of these vaccines started rolling off the production line before they even knew it was effective or could be approved really shows the challenge they face. Imagine they only started production a few weeks ago? Unfortunately for everyone, this really is a global problem and all countries will be fighting over the same limited supply (and even then, it would be a PR disaster to only fulfil orders from developed countries and leave the 3rd world to fend for themselves).

With todays slide (slide being the kind word) and the new measures about to kick in tonight for Scotland and England, this is only going 1 way tomorrow unfortunately. The vast majority of the world is closed off to Brits, Spanish and Irish, especially the US and major Asian tourist and business hubs like Singapore, Malaysia, Japan and China etc. A little bit of Tourism around Europe and the Middle East probably isnt going to cut it in the notoriously quiet winter months.

If you have some dry powder, and you believe in the company as TP wrote, then its an opportunity this week to buy at a considerably lower price.

This may have been asked/answered before;

Does Amigo count "Revenue" as every pence and pound that's run through their "till" or is it classed as the cash brought in above and beyound the original amount that was given to the customer?

Obviouly, the customers are not getting the original loan back - only the Interest paid, the 8% "Interest" on any figure and if applicable, a balance adjustment. If revenue is counted as every single penny, then the potential liability is much lower as alot of the "revenue" will include AMGO's original money which customers dont get. If its the 2nd way I described above, then it's anyones guess.

For our business, we use every penny through our "till" as revenue, but we don't lend capital out in the first instance, so not sure if this is accounted for differently.

Expru, just because your question made me think heres the Revenue figures from the Amigoplc website (luckily their 2018 results showed the revenue all the way back to 2014 in 1 gragh!)

2020: 292.2m
2019: 270.7m
2018: 210.8m
2017: 128.6m
2016: 102.1m
2015: 95.1m
2014: 80.7m

Those 7 years come to total revenue (as declared by AMGO) of just under £1.2bn

All the number can be found https://www.amigoplc.com/investors/results-centre

I agree with BlindInvestor, they're not needed and CMC's are known to wait till they have hundreds or thousands of claims and then dump them all in one go knowing the business in question doesn't have the resources to deal with it in a timely fashion.

In my opinion, people only use CMC's because its a speculative punt. If they dont get anything then they can wash their hands and no time, energy of money was wasted from the customer's point of view. If they do win, they get (albeit lesser) £ for essentially no effort.

Personally, I would phrase this to customers as "You're potentially due £x, however, if we go bust you'll get nothing and it'll take years to resolve [quote to the likes on Wonga, Sunny etc], however if you vote for the proposal, as a creditor of AMGO, you'll receive somehwere between £0 - £x" .

What person isn't going to opt for the latter scenario? Especially if its AMGO being proactive and the customer once again playing a very much passive role in this excerise.

My AIrline stocks are down by around 10%, my "big" banks and financials are down over 5% and miners and minerals by about 3-4%. Amigo is looking one of my best at only 2% down haha. Silver lining and all that..

I've only seen the "narrow path" comment from the EU. Would love a deal, but preferably in a few days time.. currently moving another ISA from one provider to my main so don't want to miss the boat if everything rockets on the news!

Any link to latest info would be appreciated as mentioned by May.

Meadow, Can you at least keep all your post in the same thread.. considering your saying the same thing each time. It gets boring reading lots of non-IAG chat on an IAG board.

There is certainly demand, which is pushing up prices (Belfast to Lanzarote on 13th Feb for a week is over £1k return with EZJ!!!), but this is down to there being only 1 or 2 flights a week, rather than 1 or 2 flights per day. I have flights booked to Nairobi in Feband they've been cancelled and re-boked twice as BA keep removing capacity and chopping and changing slots. Even this week, I've had 2 x Belfast to Heathrow flights cancelled due to the capacity being trimmed down, and that extends to flights in May! I think the planes will be full this summer, but just not anywhere near as many planes as before.