Member Info for itisagame

yep, from last week

https://twitter.com/JamesBenamor/status/1299027390698598401

A Non exec position, upon owner ship of X% (whatever the standard rules are with companies house to elect a non exec.)

A bit of fun now, lets all have a ponder, fantasy game time, you got £100k, for £10k in each (based on todays closing prices), what 10 stocks (dividend paying or should return to dividend paying in near term 1-2 years) do you put into your pension pot?

hard one to call but im tempted to go with something like :
Lloyds @ 27p
Barc @ 105p
HSBC @ 317p
IAG @ 202p
BP. @259p
L&G @207p
Aviva @ 275p
TW. @ 117p
Ibstock @ 150p
Glencore @ £172p

+ AMIGO @ 250p ;)

"This undertaking will require the 29% to be purchased within 1 month of my taking up the position of CEO, if anyone agrees to sell for up to 20p.

This does not stop me buying at that time, or later, at a higher price if no one is willing to sell for 20p."

Sen is trying to get his very valid points across.

The time at which his points are countered by the company and we could call it "moved in to a more comfortable position" is :

A - when the company secures alternative funding to allow lending without only using its cash reserves.
B - when Covid payment holidays end and repayments recommence from ~47,000 (~25% of the current customer base)

Both of the above will then allow

C - when the company restarts lending.

Keep it up Sen, i like your posts, even it others cant grasp your understanding on some areas.

Just checked, i didnt read anything that could let the directors cancel the GM when JB is under 5%.
The only cop out would have been if the board thought the request to be " vexatious"

Calling meetings 302 Directors' power to call general meetings
https://www.legislation.gov.uk/ukpga/2006/46/part/13/chapter/3/crossheading/calling-meetings/2011-02-18#commentary-c20622871

The Companies (Shareholders’ Rights) Regulations 2009
https://www.legislation.gov.uk/uksi/2009/1632/introduction/made

If the broker continues splitting the sales where are they going ? to a pot to cover open shorts? sold to for new shorts? or side tracked to an account where they are being "held" to be sold back to JB? its a bit odd because if it continues it will be ~5% of the company via BENC sales.

2020-09-01T14:52:07.000 GBX 12.866 3253337 418574.3384 Off-Book XLON LRGS
2020-09-01T14:48:30.777 GBX 12.793 1500000 191895 Off-Book XLON BENC

his sells, = 4,753,337
split again, has been since <15%..........

Read the additional notes on the RNS!

“It’s a No brainier I was offered 20p for everything I can obtain”

;)

28 August 2020

Price(s)
Volume(s)
£0.1398

180,000

Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces that the Company has received notification from Jonathan Roe, a Non-Executive Director of the Company, that he purchased 180,000 Amigo Holdings PLC ordinary shares of 0.25p each ("Ordinary Shares") at an average cost of £0.1398 per Ordinary Share on 28 August 2020.

Enquiries New cases Ombudsman % of cases upheld
CMC Financial Product and Services 32 <10 0 -

very few it seems

That reminded me to find the FOS / FCA stats they mentioned in the invester call.

First thing i saw was this, wonder how many of these were amigo related /submitted.
"In the first quarter of the financial year 2020/21, we received 574 enquiries and 245 new complaints against claims management companies (CMCs) – with 59 complaints passed on to an ombudsman for a final decision. On average, we upheld 50% of complaints."

https://cmc.financial-ombudsman.org.uk/data-insight/cmc-quarterly-data

Will Give it some security so Long term much better for the company, even if a bitter pill from a dilution point.
“ That second tranche of stock may be placed at a discount to the price paid by Sir Roger, who will become Saga's non-executive chairman.”

That scenario - equity Buy in - Was one of the ideas / rumours floated about on this bb / twitter etc For amigo so interesting to see the effect.

“Sir Roger de Haan buys up 20% of shares and joins board of over-50s travel and insurance group”

I know some on here are pro saga, this might have a similar Effect to if JB or the board buying have, will be interesting to watch.

Thanks for your insight, a slight explanation on some :
1- was overpriced at ipo, a lot of the drop is because JB issues and selling the FCA / Fos issues.
2 - Only JB selling, due to his personal situation with the company
3 - we were told “gearing remains low at pre ipo levels” by Nayan not long ago, I’m theroy the cash To hand can buy back some bonds While they are at a discounted price, loan repayments are paying down the £200m facility, If they obtain a new facility for New lending Debts should be covered.
4 - stopped lending due to Covid and FCA and while back end it adjusted To ensure everything is fine when they restart lending - aiming to by end of year, my guess is restart shortly after Covid holidays stop.
5 - i cant comment

Amigos not perfect, still risks but give it time and the ship will right itself to a point anyway.
GLA

That’s what I want them to do, that way if forced JB to buy back some stock atleast before the Eventual vote.

“ currently” ;)

He also said or higher of no one is willing to sell at that price.
I believe 20p is a low ball offer for it myself, but if he can obtain any large volume of stock at that price he’s done well.