The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Just wait for the interims. Stabilisation of the loanbook, £60m+ cash in the bank to grow the loanbook, plus the £200m facility on standby for further growth. The real question is.........will NSF buy AMGO from the administrators? The BoD did say they wanted to grow the company's exposure to the guarantor sector.
Good point jonno. Maybe the sellers knows the end game is insight and thus is aggressively selling while they can.
7p today
Everyday Loans have just opened a new shop in Leicester. Things is looking up.
dnd, the directors and their families were buying stock last year in the 30s and 40s.
10p should easily be achievable if the imminent trading update is good. If the update is very good it could well be in the teens in no time.
Or if you want a company that's gonna give you rock solid returns over the next 5 or so years, have a look at AGFX.
If you want a punt which has a realistic chance of booming soon, go have a look at NSF.
Fatbloke, go put all of your money in SSON. Then delete all of your online stock chat accounts.............and then never look back.
Maybe it's time to buy NSF
They're never going to lend again by the looks of things
No I think the provision is likely to be increased to at least £200m.
Yeah but talk is cheap with this BoD so anything they say is not worth believing.
I will be amazed if vreq is completed on time.
JB sells his 60% stake = more shares for me
Complaints still sky high = looks to me as if everything's under control
CEO randomly resigns = its part of some bigger secret plan
Loanbook getting smashed to pieces = more cash in the bank for us guys
Directors allowing themselves to sell their free shares earlier = just clearing the decks out
FCA instigate investigation which could lead to unlimited fine = FCA are happy with us lads
CFO keeps his job = shh he's not doing that bad a job really
Founder tweets the company's corrupt = wish he wouldn't tweet stuff, especially truthful stuff.
And when the company finally goes into administration = ahh we'll, I might have lost 100% of my money but at least Nayans out of a job lol.
I have never know of a more deluded bunch of people. Whatever news the company comes out with, no matter how bad or corrupt it is, you lot WILL put a positive spin on it.
I was bullish on amgo until GC decided to dramatically resign (GC was the main reason I bought in in the first place), and the board informed us complaints are still at sky high levels.
The writing is on the wall here, if you fail to acknowledge that then its your own stupid fault.
Who in their right mind is going to offer 20p ps? That's £100m.
It's not going to happen.
500,000 shares is nothing to a man who is a millionaire a few times over.
JB will likely buy AMGO back off the administrators in a few months time.
Lol you gotta admire the levels of delusion on this chat board. You guys can put a positive spin on anything.
Note the sp finished under 10p, thats the floor gone. Next stop 8p.
I'm here because I want to be. If you don't like my opinion just filter me, simples.
The rats are jumping ship before it sinks, and they're taking ever single crumb they can get their hands on.
I'm not deramping I'm just being honest. There's a reason why the market has AMGO priced at this valuation.
Without news that claims have significantly slowed this will fall further.