Member Info for InsiderKnowledge

Ill sell at 2.99 and hold the market down so you don't get your £3 sale :P

Blah blah blah

Lots of people that have just joined in lately Paulio11 ramping.

Jimmy, you are part right. New BOD doesn't clean the slate but claims management companies take on claims even if you have not had a loan with them! give it a go. I have! they said I have a valid claim even though I had no documents! how is that right?

Interesting however I don't do spreadbet as they are susceptible to erratic movements like today. Also it still doesn't actually provide me with the capital to cover the spreadbet in the first place. I do like your out of the box thinking though stuarthone.

Cando66, you say "There is a lot of speculation on here as normal".. followed by speculation lol :) I love the irony.

please explain to me how I can buy more shares in my ISA and SIPP when I am all in on amigo at 29p and maxed out my ISA and have no more cash?

I am looking forward to your wizardry

Techno, I am talking about the way to play the RI. Good to post the link though for people who don't even know what an RI is.

Magpies.. I think you should probably explain to people who are not as financially literate the logic behind that as lots of people don't understand what a RI is as most have never partaken in one. What you are suggesting is what I am also doing.

Quick piece of advice to everyone, this logic is perfectly sound.

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£100 on 100% rate = £100 interest (simplified not compounded of course for illustration)

£100 on 50% rate = £50 interest (as per above)

£200 on 50% rate = .....

I think the point is opening to more people at a lower rate increases market share and lending.

Lower interest rates mean more affordable loans of higher value as well

You are correct on your assumption if the amount of customers was fixed. I agree 100% with that but lowering the rate changes the game significantly.

Also neither my calcs above nor your statement take into account the profitability of a loan. The overheads per loan, cost to cover irrecoverable debts, staffing etc will all increase as the number of loans increases with lower margins the profitability decreases per loan so technically even doubling the amount of customers at the average loan size to does not equal the same profitability as a single loan at double the rate.

FCA played nasty and certainly did not care one bit about Amigo and it's survival or payouts to anyone. Anyone in that hearing wants out as soon as they can break even of that I can assure you.

Well said Magpie

Yes Maverick.

MTel, Dilution just means that that your value of your share is spread out more through other new shares. If you don't buy the exact amount of shares that are on offer ie 3 - 1 at the offer price of say 10p each you will have your existing share value diluted by the same amount.

Correct hopin that is EXACTLY what I said! I will be bailing before any SOA dilution. Learn to read mate.

Agreed JWD unless they don't care about being diluted and will hold for years OR they are just day traders looking to pump up the price while buying low and get out on the others FOMO.

It could easily be a 100% dilution or even higher. FCA want to hammer Amigo and might demand it.

Imagine share price getting back to 30p and being told you have to pay out 3 - 1 for the SOA to go through. Instantly wiped out and it will take YEARS to get back to break even. Many like me have bought close to 30p and will be bailing on any rise when we can.

As Franky says 2 to 1 as well, we don't know the size of the fine, the SOA conditions nothing.

Anyone buying now will see a huge drop. Anyone holding like me is waiting to escape then will buy post dilution and hold our value.

Basic trading 101

50%

It was a deal with the bankruptcy accountants to take over though!

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It is quite depressing reading £1 by next week after losing 66% of the value of my shares here.

We all know that the FCA will claim even a rise to 20p as being 100% up. Nasty share holders doubling share value. The truth however is it would still be down and need a further 50% just to get back to the last circus merry go round.

Any rise will be hammered by the FCA as pure profit as they believe every share holder bought at the lows and should give up the profits to dodgy claims if not be wiped out.

Think about it a while before you start ramping again please.

I managed to get my average down to 25p.. wake me up then so I can sell out after the last ramp