Member Info for hedged

The liklihood of this story is the majority are paid above minimum wage. However, even if one person has been paid below £5ph then the we only have to look at Boohoo and the trouble it's causing.

As the G7 has announced a tech tax of 15% I suspect this will only expand to every online business.

I suspect that 15% is just the starting point too. Once more countries are signed-up this will increase to compare to corporation tax.

Boohoo will eventually be caught up in this type of tax, even if its escaped the initially criteria.

Who are the other three companies that he has increased his target price?

Mind the Ramp - no real updates today. The share price has been suspended since yesterday morning due to the court hearing yesterday. However, since you provided the link to the local Bournemouth paper (Daily Echo) others have cottoned on to this and are also using this valuable source for extra info Re:Amigo. Thanks for the link yesterday.

Given that Copper and Aluminium has risen over the last 9 months, why hasnt Gold risen too?

Whats keeping this down?

Do you think the huge sell at the end contributed to the decline, over the past two months, from 85ish to 50?

I find it wise for someone to switch off the day.

Exactly, so I doubt Gary has been on the phone to the FCA.

What actually surprises me is how shocked we are that this wasnt raised earlier. I expected better communication between the FCA and Amigo and for Gary to nip these sort of issues in the bud before they get too damaging.

From the FCA letter it sounds like there is zero communication between the FCA and Amigo other than through their legal departments.

dreammachine - we are down 22%. There is more uncertainty today than yesterday. Yes, momentum is gone.

I pray for it to rise but it looks to have lost any momentum.

LMAE - everything in the FCA comment was not new news?

The FCA literally changed their position from not opposing the scheme to now opposing the scheme.

It's clear no-one actually knows why yet.

ATrades, if Amigo, for example, up the redress rate from 10% to 20%, then this would need customers approval?

I thought that wasnt the case.

As the FCA are required to sign off if we are to lend again I suspect the BOD are stewing over how they can position themselves before next week to stand the best chance of getting through the court case. The risk is that even if it does pass the court, the FCA can delay is lending again.

Does the FCA have to sign off if we are to lend again?

As the creditor meeting is tomorrow, what is expected to happen? the FCA will not be present at the meeting.

Amigo will have a week to assess the impact of the FCA's new position and to react accordingly.

Dunc, it doesn't sound like to understand my point.

Dunc, you are absolute right about the knowledge of the details.

However, they didnt know that Amigo could potentially favour those who would vote yes. There is a very good reason why the FCA are intervening now, I'm just unsure as to why.

And I don't accept "they have to be seen to be doing something"

The voting hadn't commenced at the first hearing.

Has anyone thought that the FCA are concerned that Amigo chose to take a more favourable approach to those who were more likely to vote yes?

Personally, they wont vote against the scheme itself but if the FCA's role is to protect current customers then Amigo has been seen to encouraged ex customers and not current customers then this could be why the FCA have intervened so late in the day.