Member Info for hunniford

Rich, I am with you. Not because I think you are great, actually you aren't too bad!

Rather largely because I had a target of £1 I think I will be more conservative with stops as anything over 50p would be magnificent for me.

Re-lending as I keep saying has to be the focus and it is 50/50 out of the company's hands due to Bojo & Co lack of understanding of Covid on which the numbers state is not as deadly as they seem to think it is.

I was baffled by that and posted earlier.

Currently there are 3 directors for Amigo Loans LTD Nayan, Roger & Nic Beal.

I assume the current vote indicates Gary will not be a director in the business but has still be chosen by the BOD to be CEO.

Up until recently Glen DEC designate was not listed as a Director of any of the businesses but was still CEO elect.

@Toast&T he did say he would walk away if he lost. Usually he does what he says he's gonna do.

That said he was walking a way when launched the irrevocable sell. so who knows. My hope is that the BODroom shenanigans are done so that we can make some money. But who knows?

The other thing I'm going to say is perhaps JB isn't the greatest of strategists.

I mean to lose a major vote twice takes some going. Particularly when you are posting on twitter about buying the CFO a leaving gift and talking with the certainty of someone who could only "have a master plan in place"

On reflection it is somewhat delusional

Fig - if he had ponied up and bought back in as soon as he hit zero this could have been a different story!

He could have definitely got rid of Nayan which would have been win / win if he got on the board since Roger was going.

That said if he did buy and then lost again maybe we'd have daily 1% sales for the next 10 - 29 days LoL

Ha - I have no option but to hold now - regardless!

Am disappointed to see JB not get in. That said it would have been utter carnage and damaging for the SP if he did get in and the rest of the board remained. Imagine how they would have tried to work together it would have been terrible. Every time something went wrong JB would be on Twitter when he didn't get his way.

Sadly it looks like Glen Crawford was a casualty of the JB side show which was a real shame. would have preferred him in there as opposed to being out.

Hopefully if James is done he walks away then and doesn't snipe on the sides from twitter.

Obviously there will be discussions on what he does next etc. Will he acquire and push for a takeover. I suspect not because it would likely get blocked by the same shareholders who did not vote for him.

Ultimately it looks like James has lost his baby. Sadly I seem to hold more shares than he does at the moment. Now let's hope the show can go on. The board need to shake out some positive news.

A real Olive branch would to see Nayan resign and get a new CFO - look what the SP did as soon as he was announced as staying.

Knee jerk reactions on selling is always risky. I'm shutting up shop and will be back tomorrow.

If JB had bought shares when he got down to zero and voted he could have won this! He could have also ousted Nayan given how close it was.

Did that just vote out Gary Jennison then? I'm confused?

Man this looks tough for JB now.

Look how the SP tanked on Nayan news.

Nayan is back in. FFS!

"This is Speedbird001 requesting a rise to 13p via waypoint AMGO"

"Ladies and gentlemen this is your captain speaking, the fasten seatbelts sign has been switched on for the 300th time this flight." Please ensure your seat is in the upright position and your tray tables are stowed"

Can't you HL guys just switch broker or is that too difficult when you are invested in various positions?

I think two things which don't help the SP at the moment are:

1. Still uncertainty on when relending starts - "end of year is vague", they keep saying that. I appreciate that as we approach the end of the year it will become more accurate as we run out of weeks but it is still vague at the moment.

2. Claims - they still aren't transparent. "Claims remain volatile", doesn't exactly suggest they are fully on top of it.

I know I sound like a broken record but No.1 is critical to the business since without it they just wind down the loan book and then they will start to reduce cash due to all the fixed costs they have. This is 50/50 since the govt has a big play in sorting this which unfortunately Bojo seems fairly clueless about how to engineer back out of lockdowns. We know way more about this Virus than we did in March but for the most part they are still using the same tactics to handle things. This will be a problem for Amigo if they do not get on top of this.

This is one reason i liked the JB ideas. If you have money and cannot lend in the UK market due to Govt paralysis, then take the money you have and lend it somewhere where you can do business!

Welcome novice. You've joined at possibly a pivotal but certainly an exciting time - good luck!

The only thing I would say is that this highlights the loan book is shrinking Quote: - 3,000 having repaid their loan in full does anyone know the full size of the loan book and what a loss of 3000 means as a % not being replaced?

This isn't a crisis per say, since they say they can start lending hopefully by November end. that is vital we need the Christmas & January market i.e. the folks who need a loan to fund Christmas and those who need a loan because they spent too much at Christmas.

Other than that we need the Govt to play their part (which is out of the company's hands) and stop farking about with COVID the current approach is bordering on lunacy to the point where they are making furlough a futile exercise if we see mass unemployment come end of October when it ends. Mass unemployment means more people won't pass affordability checks

Sorry that's a bit doom and gloom but it is important to help this company turn around. The current govt is damaging business just look at pubs and restaurants, less capacity due to distancing, now have to close at 10pm, bonkers.

All in all not bad statement. We just need this JB saga put to bed, in or out to move on. Hopefully only a few hours until that is settled.

Quote: - “ We are pleased to announce that Gary Jennison will take up the role of Chief Executive Officer (CEO) with immediate effect following confirmation that the FCA are content for Mr Jennison to assume the CEO functions pending consideration of his full application for authorisation.”

RNS 2 weeks ago - Do not vote for James GLEN WILL RESIGN - the company WILL BE LEFT WITHOUT A CEO - this is so terrible. If James wins there will be sack cloths and ashes boo hoo (note the boo hoo bit is not a ramp)

BOD = Muppets!

Good luck everyone today!

I stand corrected "Hilton Sky Bar"

Gary's picked up his brown sheepskin jacket from the dry cleaners today. Wants to make a good impression.

Plus Gary's going early to secure a table at "Be At One" for the meet up with JB.