Member Info for ihalliwell10

I tend to agree that the shareprice is now toppy, @circa £10, because in my view its likely that normality is only likely in 2022.

with 2021 being partial recovery, start stops etc, from June/July onwards, flying will be for the brave or silly, which is probably most of EJ's market. So 50/60% by June, is that enough to justify £10, probably because its about surviving until the flight levels return to 80/100% in 2022 , then Ej is probably more towards the £12, but with RA attempting to go EJ will be under massive strain to get back to anywhere near where it was £14+ which is 5/10 years of stability which may be a fantasy.

I'm holding for a general FTSE upsurge and I believe in the UK which is broadly undervalued

Holding firm, the reality here is that consolidation is in the market and in Amigo's market there is growth fort he right business, II will be getting in position to reap the benefits from whatever is left over after March 30th.

Even if Amigo goes bust then, the II's will be ready to pick through the remains like the customer list and create a bigger, clean entity in which they can grow a new bigger compliant business, which I suspect will do very nicely.

Still think is 80% likely that Amigo will fail and small investors will be punished, holding though for 1st of April outcome.

the question is why is he doing this and why boohoo, boohoo does not employ anyone under slave labour conditions. Fact.

Leicester factories should be shut if they are not complying with UK law. Fact.

mall investors getting smashed, the institutional Investors laughing all the way to the bank, they have deep pockets and time on their hands, they will wait and reap the rewards here, feel bad for those that have panicked

This will finish the week flat, subject to the budget being neutral

Push the price down before making a medium term killing, just remember this message in a few months and see where we are, if the II's dont already have enough, they will be soaking up all the small share holders who are loosing their shares on the cheap.

The investment case remains the same, irrespective of the "IFs" in the article

Think the flights are being bought for periods when its unlikely to be able to go on holiday because of target destination restrictions or return difficulties with quarantine, so I see this as a hold for flights to return to some profitable levels in 2022 or a sell and watch for more volatility from now until the last qr this year.

Thoughts?

Seems like a good deal for the grid from the regulator, and divi maintenance and growth planned, these will surely tick up over the next 3/5 period now.

Must be a slow news day,

Saeed Khilji, chairman of the Textile Manufacturers Association of Leicestershire, said a US import ban would hurt, but insisted factory working conditions had improved.

He said: "If the American government took action and if they have enough evidence to do that, yes there will be an effect, but I'm sure now on there won't be a problem in Leicester. I'm 100% confident."

"the possibility of a United States import ban", I wouldn't put it past the US as they like to protect their own industries, like with online gambling but... I'm not being funny, the reason why Apple phones are made in China is because the kids are cheaper than adults, the story really is the hypocrisy of the US that allows children to make phones and batteries whilst banning UK companies because it suits their market.

ALso,

Capital raise

The Group now needs to strengthen the balance sheet by raising sufficient new equity capital to support future growth, avoid future covenant breaches and to address the material uncertainties regarding going concern. The Board has therefore commenced work on a substantial capital raise with the support of Alchemy, its largest shareholder with a view to completing this in the second quarter of 2021. Once completed, the Group will be in a strong position to take advantage of what it believes to be an exceptional market opportunity in the non-standard sector.

I wonder who could be involved in the capital raise..... if its the same II, then together this could be a monster of a loans company

spot on ,

Guarantor loans - Following the FCA's review of the Group's guarantor loans division as part of a wider review of the guarantor loan sector, resulting in a £16m provision for redress announced in our 2020 half year results, lending volumes were minimal in the second half of 2020. Economically, the younger customer base has been harder hit by the pandemic than our other two divisions and calls on guarantors have been constrained due to the pandemic, resulting in a marked increase in impairment. Collections nevertheless remained robust during the second half of 2020 with the result that the net loan book reduced by c.40% versus the prior year. We are working hard on the redress methodology and hope to have concluded the process with the FCA early in the second quarter.

From NSL trading update, looks like the FCA have two decisions in one, one thing is clear though that the market is booming for loans.

.

balls of steel anyone buying in any significance (for themselves) at sub 7p because I really thought this had gone bust at that stage, until the II got stuck in which is the usual form for II, get in for a song when they have pushed the small investors out, brave stuff for all that hold.

Looks like the value of the customer base with or without the FCA's approval is worth 20p plus here, the recent II buys seem to confirm positive outcomes either way.

I got in circa 13p months back, small holding and watch it go to sub 6p thinking this was a dead dog..... only to see a doubling of price based upon II confidence, I still think the FCA are 70/80% likely to refuse the SOA but with the specialist II involved I think that there is an Amigo sale to be done.

It will be unfortunate to see Amigo get swallowed up by a big boy , but its a good outcome compared to being bankrupted by the FCA decision.

https://www.sharecast.com/amp/news/dealings-round-up/director-dealings-boohoo-directors-raises-stake--7826267.html

Looks like 300k+ buy for an insider , looking good for the medium term

Holding for medium term recovery to £4+, oil average price likely to remain above $55 over the next three years as flights and economies return and I expect BP to recover with it, if BP can get its environmental strategy on track then this could move much quicker, the key is the UK Gov back British with its zero carbon ambitions, BP & Shell could be central to delivering this policy and without EU influence.

Hold, DYOR

Place your bets, bought at 13p small holding, holding for the medium term story, hope this survives and lives to lend another day.

Read today that there is a mad Scramble for holidays so think easyJet is about to take off , how long it will last remains to be seen

Wondering why this lot aren't getting into 5G hardware manufacture, suspect it would be supported by the UK gov as its a security risk and requires a UK manufacture to step in