Member Info for hunniford

Quote:- I m merely taking GJs words that relending will start in Q1 above your expert view Hunni thats all. And yes, will still be in this stock in 12 months so welcome to chat anytime.

Franky everyone gets it right every once in a while. However I hope I'm wrong and I'll happily take 01 Jan for relending to start or 31 March. Either way there is enough in the tank for the latter date. I'm as impatient as any & loan book is shrinking fast that is for sure. Hence the payment holidays are a good idea to keep the breaks on, staff need to have stuff to do when they come back from furlough. Plus when new business starts revenue comes in again pretty quickly. Note they say there will be less traffic, this business can afford to run lean for a while. I would like to see it do things correctly and then tap into the unlimited client potential and become the lender of choice again for the HUGE client pool that will be out there.

I am actually glad they are highlighting the going concern piece. Every darn business in the UK should be highlighting to the govt that they are in a real peril of going under. Hopefully these idiots will start to understand and do something.

If businesses like Amigo ignored the fact and said something different then the GOVT would use this as a Bellweather for more lockdowns. Because overweight Bojo (no offence to anyone packing timber) had a scare.

Can see this going up after the presentation. Northerners are definitely more trustworthy to listen to than someone who sounded like Lovering. So if Gary runs a good meeting with a good CFO then expect to see this do better. People buy from people!

You've been here a while Franky eh? Lending was coming before the end of the year but that is not happening. I don't see this as the company's fault, I think they are being prudent. However if you want Q1 lending need to get on the horn to BoJo and make sure there are no more lockdowns.

I think the other smart thing they have done is keep payment holidays up for people. Ultimately you don't want the loan book all paid off in one chunk. Otherwise you have very little existing business. Therefore play nice to your customers, looks good to the authorities and keep people in loans with the view that when the economy gets better these folks will remain as customers.

I said this earlier in the week. I think lending won't commence until at least Q2, particularly if the govt are extending furlough until then. From a risk perspective it doesn't make much sense re-commencing lending. Since ultimately the end of furlough runs the risk of a knee jerk reaction of higher unemployment. Since it is a guarantor loan business I also suspect there would be less appetite from guarantors to throw their name in the hat at the moment, if you really needed money you would just get your guarantor to get a loan at a lower rate. The exercise of rebuilding your credit scoring can wait until the economy is healthier.

Hey Mark I think this comment is very valid and ultimately honest -There is, however, a material uncertainty surrounding going concern due to the potential economic impact of Covid-19, uncertainty over future complaint volumes and the possible outcome of the ongoing FCA investigation.”

If our idiotic govt decide to lockdown the country on and off for another 12 months then of course this is a major concern. But this won't be just attributable to Amigo it will literally wipe out over 50% of the FTSE. People do need to wake the F' up and really start pressing the Govt on this BS. COVID stats show that if you are under 60 and have no real health issues you have more chance of getting runover or having an accident at work.

Swinger - https://www.amigoplc.com/investors/results-centre

Well let's hope Gary has been up all night polishing, shining and getting a nice buff on the t ur d

IKN - did you wet the bed? Bit early eh.

Cheers for that. I knew what the letters meant but not the overall meaning, thanks again.

Newt forgive my ignorance what is the symbolism of the UT? Cheers, hope you are well.

Hey guys the night before Thanksgiving. Am going to go to bed early and lie in quite late tomorrow (5 hours ahead of UK now) and get ready to decode the RNS. I wonder what shade of lipstick Gary is going to select? In any event I hope he applies it nice and thick and quite evenly so that the market approves! Best of luck everyone.

Who is JB? I've probably been too long living next door to Alice....

Let's all aim to get along, bad enough when Hound is stirring the pot. Let's leave all the fighting to Gary and his crack commando unit!

Good luck all 1 day to go 22.5hrs until that RNS which gives us the first peek.

Ex good lad for registering. Make sure you think up some good questions. We cannot leave it to the institutions since there aren't too many of those now! Amigo is the Life of PI so hopefully Gary has some fire in his belly like Mr Richard Parker and gives us a good show. You'll bet your boots JB will be listening in on the side-lines, he had his chance and couldn't swing it. Glen will be holding his spent raffle ticket. Nayan will be sent out to make the tea while the big boys speak. Lovering will be waiting to get his vaccine at Branksome heights!

(NB there is a link on their site that says half year results, I thought they made a boo boo but its a placeholder :o)

https://amigoloans.cdn.prismic.io/amigoloans/6f1c4c9b-0c65-47a4-b985-489097cfee61_Holding+doc+HY.pdf

Conference Call Details
Amigo will be issuing its Half Year results for the six months ending 30 September 2020 on Thursday
26 November 2020.
The Company will be hosting a webcast for equity investors and bondholders at 09:30 (BST). To
register for the webcast please navigate back to our Results Centre and click on ‘Sign up for
Webcast’.
If you cannot access the webcast you may instead use the below details to dial in via conference call,
using the presentation pack on the website for reference. There will be the facility to ask questions
via both the webcast and conference call
Please be aware we advise either following the webcast, or accessing via the conference call, but not
a combination of the two.
Conference call dial-in numbers:
United Kingdom (Local): 0203 868 4725
All other locations: +44 203 868 4725
Participant Access Code: 388329
Please dial in to the call at least 15 minutes prior to the 09:30 (BST) start time.
Replay information
United Kingdom: 0203 868 7295
All other locations: +44 203 868 7295
Access code: 574233

Viking - Amigo should give that Debt Camel lady a job. That would neutralise things lol

Viking - I have forward some links and screen grabs to Amigo in the past, they have said thank you for the information. If they are any good they should have people monitoring these sites. Depending on claims volumes now they should be able to work out the numbers and the timing. Of course people write to these sites anonymously so it would still be hard to pin a post to a specific customer.

One thing I have noticed in the past even if you leave a comment on a post on Debt Camel such as- I note from your explanation that you have mentioned that you fabricated your address and some of your financial information. This is a criminal offence in the UK - she never posts it. Very one sided but I keep trying, if anything to spook her conscience that she is aiding criminal activity.

Her site states:

It is my decision whether or not to publish your comment and whether to edit it. Some general guidelines:

I do not publish comments that I consider are offensive, unhelpful, promoting an unwise course of action, spammy or unkind.
I may shorten long comments.
I operate a policy that commenters are not allowed to name the individual they are dealing with at a firm and I may edit your comment to delete a name.
I sometimes delete old comments if I consider this will improve the experience of people reading these pages.
my spam filter automatically deletes comments with spam links or bad language.

Yes the amount loaned has to be paid back. They can get their interest payments back plus some interest @8% on top of those interest payments as I understand it.

XEL123 - that is also true this example hasn't yet been upheld, it is one of the most recent Nov23. However I would be surprised that she "sara" would put so much effort in responding to all of these posts if some of these were not getting through. Surely she would come out and say "guys, please read the rules at the top if you are trying to make a claim on affordability for loans before 2018 please don't as it will not be upheld".

Anyhow the information is there, it is just another element of research that people can either do or don't and just take for gospel the information that is posted on this board.

Who knows Sara could also be HoundDog or 4totheFloor etc !