Member Info for hellyeah

And profitable business. All will be normal after this one off impairment event. Amigo has good quality loan portfolio of £700m loan book. Buyers are licking their lips to get their hands onto this portfolio... Not to mention they are contacting JB for his shares. Way too oversold without punters knowing this business!!

Way oversold on allegations that is nothing to do with Boohoo... It is a rogue supplier... Back to normal... Back to 400p soon.

What an opportunity to get this gem in your portfolio... No change to fundamentals... Online boom isn't going away... This is a small wave that will pass, albeit will help poor folks who are getting paid £3.50. This impacts all online fashion retailers so unfair to just expose Boohoo.

Next gap up to 20p is coming later in the week and results are due in next couple of week. 11p is a bargain if you can get in tomorrow at that price. GL all.

Garydav - once in a life time opportunity to invest in this post-corona gem!! This opp may not present itself again.

thinkIknowwhat - either you make a small 5% profit in a day or 20% in a week - depends on your strategy really! Fundamentals haven't changed for Boohoo - in fact this is one of the hot stocks currently so FOMO will play a big role in recovery back to 400p

Too cheap me thinks as well, 350p by Thursday IMO!!

This is a great business to invest in...currently poor sentiment across travel sector so buy and hold long term. Their defence and power systems revenue (I think 50% of total revenue and business units that made most profit in past year) shouldn't be hugely impacted unlike Easyjet, IAG, TUI, RYA etc. who has near 0 revenue in past 3 months!!

Trading update is due early July so any time now and hoping for some good news (like Meggit), let's see

Huge cash pile to weather any storm that comes Amigo's way and once the storm is passed...plenty of new customers as smaller lenders go bust and recession bites....what's not to like!!

chrisengland - the fact that you are comparing Sunny and Amigo means you have no clue about Amigo's business. It is not a payday lender and it certainly doesn't charge 1200% interest like Sunny. Go back to school first and learn a thing or two about these businesses before spouting nonsense. If you are shorting Amigo, even god can't help you now!!!

Baxter - you are talking poo... Strong open here today... All the way to 24p. Stop pouting your poo here if you are not invested.

RNS just released.... Cash £136m, mcap £40m... We need to be 24p to reflect cash on hand. Big blue day ahead...

The Company's liquidity remains strong. Amigo has sufficient financial headroom and cash on its balance sheet to continue to fund operations and support its customers during this challenging time. Amigo had a cash balance of over £136 million as at 30 June 2020.

AMGO won't be this price tomorrow so 4-5 mins left if you want in!! I suspect RNS is imminent!

dsc1978 - just wasting that time to type a message to open a position has costed you....if you are in you need to hurry :) Every second counts here!!

Massive order on L2 being matched!! Never seen this amount of buying since pandemic bog roll buying! :D

Some ridiculous buying happening. People are feasting on cheap RG shares :)

More of the same to continue tomorrow please, all the way to 21p .

I can't see how July will be meaningfully better!!

MB - You have no clue about Amigo's business model if you compare sunny loans to Amigo. Amigo is not a cowboy payday lender and certainly don't charge 1200% interest.

Anyways, results are due tomorrow or Tuesday. IMO, Amigo will be fine. They should have more than enough cash to weather any storm.

People spouting doom here need to understand year end result is due soon and it will show company in a pretty good financial health. Remember this company has £700m loan portfolio and £30m in cash from previous month's update.

Current Mcap is £35m which is ridiculous given company has £30m in cash (as per May RNS) and £50+ of profit (£45m profit as at Q3) to be announced in near future. This could easily cover £35m complaints costs. This company still has fundamental value so buyers will not dry up. GL all, exciting few days to come here.

Final results by end of the month (or earlier)