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Lots of institutions trading and swapping shares.
Amigo likely to strike a deal with FCA.
Essentially only 18 hours of trading left until court date
This has done 150% gain when people played the first red or black, understandable retail profit taking. Which explains the dip today/yesterday.
Still due an RNS on holdings (there was a seller + a buyer) if it was a bluechip buyer like JPM then that would be great sentiment, either way doesnt matter they were equal offbook trades.
I'm maxed out here and very excited.
The above are just my thoughts which have me settled & sleeping easy.
Judge says no approval:
400 Employees out of a job (during a pandemic)
People dont have access to low cost credit (ok its 40 odd % but its better than the days of Wonga at 1500%....)
Goes against the will of the creditors which is 11 to 1 in votes or 23 to 1 in value...... landslide fact.
Judge says yes approved scheme:
Amigo can carry on lending to the people during a pandemic where lenders are needed for people without access to credit, these people being most affected by a pandemic too.
The creditors get some compensation which they're happy with (maybe the FCA will negotiate a better position for them but i doubt it will stop it all together because - see above).
The judge is not a hypocrite - he approved the scheme to be voted on, if he turns his back on it then the whole system falls! not just amigo.
It might well do, not tomorrow, not next week, not next month. However - give this 12 months to get going. Ground works, helium news, helium price, extraction set up. Then you'll see this move at pace. Its not a stock to trade, but to invest.
No idea what you're on about on Tanzania, its ALL about helium. Anywhere you invest (especially mining) has an aspect on risk regarding licensing if thats your issue, but with so much in the ground do you really think they wont be approved? This find will make He1 profit, and the tanzanian Gov in abundance.
Something is going on in these debt markets. Any ideas what it is?
Amigo had good gains this week. I thought it was due to news release expected 25th Feb. Or people playing red/black with their court date on the 30th March. Therefore people were piling in essentially for abit of risky roulette.
NSF? What's the latest update here, we haven't heard much for a while now.
My theory? something is leaking out of the FCA offices. Looking favorable towards these lending companies - Which will be vital as we come out of Covid and look to get the economy back on its feet. They've had time to mull over the Woolard review which stated this, and perhaps - have made a decision (internally).
Let me know what you guys think.
tosh. Lets focus on the £1 and incoming news first you numpty.
Its literally bouncing between 17.5p & 19p every day for the last 2 weeks as it churns.
RNS not far off.
I'd get in now before you miss the boat IMO.
Sure it could fall to 15p but will then ping to 30p on the first piece of news..... whats worth the risk getting in at 18p vs 15p for it to go to 30p. Greed.
Good luck though, who dares wins.
https://www.londonstockexchange.com/news-article/market-news/fca-publishes-review-into-unsecured-credit-market/14848888
This can only be positive to NSF.
Yep, its got until the next RNS - not worried as long as it stays 15p+ but its not going to rocket on no news. People have had their chance to buy & sell now. No one is. So the price is sitting here until news flows. Hopefully.
JB will be back in here soon.
It must be so frustrating watching your child die in front of your eyes & powerless to it.
1. At this SP - he could well go for a takeover and it would not surprise me. I would imagine he's watching the SP fall in the wake of that last RNS rubbing his hands.
2. He wait for it to completely crumble and jumps in with a new shareholder vote after everyone loses confidence in this BoD. He didn't lose by a massive amount last time, maybe people will vote for him because... well what other option will there be?
Valhalla , i must be the space cadet you're referring too.
Thanks for your kind words - At the time i posted we were 7% down. On nothing and hardly any sells that either illuminates how small the float is here that any selling causes huge drops ... equally any buying causes huge spikes.
About patience... not sure your angle on this one as I said a 19p entry was cheap and that I would buy more at that price, so selling my holding was out of the question.
Maybe read better before going keyboard warrior on me and as always - enjoy the ramp.
(btw - it went from 15p open so maybe do some research and stop exaggerating things - classic ramp-deramp attitude)
Filtered.
Good Spot - They're still coming through.
22-Jan-21 15:00:00 7.85 200,000 Buy* 7.25 7.30 15.70k
22-Jan-21 15:36:26 7.50 952,635 Buy* 7.25 7.40 71.45k
22-Jan-21 15:21:56 7.45 952,632 Buy* 7.25 7.40 70.97k
22-Jan-21 15:17:32 7.40 250,000 Buy* 7.25 7.40 18.50k
Sounds good, the lumpy SP price movements are interesting and probably a factor of the small float.
Up c.10% then down to +2% happened yesterday too.
The only thing that matters though is a green close everyday! Dont care what % it is really as long as its always north