Member Info for itisagame

Mark beat me to it.

basically the share will continue to act how it has over the last 6 months and present many trading opportunities, if you want to trade it or eventually go up long term if you are willing to hold.

Alright Mark, you have sold it to me, ill take a small position next week :)

JBs plan is to effectively defund the FCA approved UK arm.
Once cash is removed from the UK division whats the next step? logically its an eventual forced shut down of the UK arm and remove the risks posed by current loan book to the parent company, then Amigo purely relies on the new loan book from newly set up Non-UK Non-FCA regulated companies.

Am i investing in Amigo UK or Amigo-ne away from UK?

The risk JB poses to so many FCA approvals needed for the company to function is not worth the risk.

Which is why i said earlier this week - whats the rush? just have the vote next year when all this is settled, FCA have installed Glen and Jonathan, Vreq sorted, lending restarted, new funding sorted, JB can always buy back 5% off the open market at any time and request a vote.

The Vote lies with Glen, which ever way he votes i will.

Significant Holdings are very much against JB, as stated before JB starts with 120m shares against him.

there is a reason they booked the £110m provision.
VREQ bill >£35m.
+claims <8weeks old = £??m
+ cost of Settled claims outside FOS = £??m
when this information is revealed it will have a negative effect on the sp and create a good trading opportunity.

Better to prepare for the inevitable over ignoring it.

back to 5p yea? seems fair value............

about the same as Friday, JBs proposal will not make much difference tomorrow, and can actually have a negative effect here by creating a mental limit to the share price until it is in force (if it ever is).
Expect 20p (again) by end of month.

A potential 10-1 return (<2 years) will never comes without risks :)

Negatives.
-I feel that the stock is currently being highly manipulated downwards by parties with more money then PI will ever have.
-Shareholders and share price is in the middle of a game being played between the board and JB.
-General negativity from left wing news against anyone making a profit makes Amigo an easy target.
-FCA could issue or change rules and make the business model obsolete.
-Bonds - as they go back up to nominal value the company loses an opportunity for instant booked profit.
-Lending facility needed for new lending could get rejected or hard to obtain in current market.
-As JB has pointed out the company has all its eggs (bar one - Ireland) in one market and would benefit from diversification.

CLear to see Its not risk free, but nothing is.

have many positions from 5.8p-17.5p, everything i currently hold here is profit from trading it.

Expect 50p+ by xmas if the following occurs:
recommence lending.
FCA approval for glen and Jonathan.
Vreq sorted and on top of.
new lending facility arranged for new lending.

and expect 20p very short term, from liquidity of stock drying up from Jbs sales flooding the market.

I started buying as JB started selling, and Im more confident now over when i started here as a simple binary trade, this has now become a stock that i will hold (a smaller) position in for a few years.
JBs out this week and the selling pressure is gone this is what most have been waiting for.

MVLN - was a while ago since i looked deeper in to it but they stated November : "The Board expects to report a positive underlying EBITDA for the year (adjusted for one-off integration, restructuring costs and operations in Malaysia)." obviously covid threw all that out the window for now but give it time, wasnt long ago they paid £4m for one acquisition.

its just a different play to here, im 80% all in here and have been for a while so dont get me wrong i am bullish on its future :)
the remainder of my cash and stocks are only to keep some money aside. either to make more money to put more in here or have some available for any unexpected sudden drop or potential trade.

yep, precovid profitable businesses left intact, placing and refinancing cleared majority of debts.
Schools reopened, give it a year and they will be back on track.

i was trading 0.14-0.18, while waiting for the placing then sold out in the spike pre suspension and it went in here.
at the moment you are buying property at lower then they are worth, business isnt priced in.

"Does anyone have a few on MALV ?"
I was in and out of malv, its a bargain, wanted to get some back in but most is here, if back to same mcap precovid it would be ~0.8p if i remember correctly, 0.5p should be achievable short term (xmas).

Who has their wires mixed up? Me or JB?
Minimum 0.25p is one quarter of a penny, Maximum is 105% of last price paid, they have not mentioned 25p or £0.25 only 0.25p.
JB
“ In the AGM announcement the board seem to be teasing the possibility of Amigo buying back 10% of shares at 25p. This makes no sense (why cancel dividends but buy back shares? Why buy back shares and weaken balance sheet and not bonds which would boost balance sheet and P&L?)”

Proxy :
“That the Company is generally and unconditionally authorised for the purposes of section 701 of the Companies Act 2006 to make market purchases (within the meaning of section 693(4) of the Companies Act 2006) of any of its ordinary shares of 0.25p each in the capital of the Company on such terms and in such manner as the Directors may from time to time determine and, where such shares are held as treasury shares, the Company may use them for the purposes of its employee share schemes, provided that:
(a) the maximum number of ordinary shares which may be purchased is 47,533,376;
(b) the minimum price that may be paid for each ordinary share is 0.25p which amount shall be exclusive of expenses, if any;
(c) the maximum price (exclusive of expenses) that may be paid for each ordinary share is an amount equal to the higher of:
(i) 105% of the average of the middle market quotations for an ordinary share of the Company as derived from the Daily Official List of the London Stock Exchange plc for the five business days immediately preceding the day on which such share is contracted to be purchased; and
(ii) thehigherofthepriceofthelastindependenttradeofanordinaryshareandthehighestcurrentindependent bid for an ordinary share on the trading venues where the purchase is carried out;”

If it is not*

Solution: either have the board confirm that his agreement is nullified and if it is put forward a resolution to nullify his agreement ?
Seems awful unfair for a Single party that has zero shares (come Friday) who wants to buy the stock off the open market to be offered different rights over any other shareholder.
Would JPM be held to the same conditions if they went over 10%.....

Boil that broth! it Goes up and down repeatedly and quickly, 0.08-0.1ps has been a strong Bounce point for them, a lot of people accumulate around there and sell in to the rises. News wise I’ve not kept on top of it, but it’s in the watch list.

I’d recommend provident, it’s taken on a new managing director that will really turn things around, Hamish Paton. Check out his history, he really turns a company around when he’s on board...