Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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.
Do you think the huge sell at the end contributed to the decline, over the past two months, from 85ish to 50?
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.
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.
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, 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"
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.