Member Info for itisagame

Based on 18 months of interest to repay = £45m
+ 8% interest on top = £5m
+ £650 per complaint FOC = £10m
+ something for the FCA = £5m

Total : £65m

you mean the £330m in retained earnings on last years results. :)

and i included 3 full years of loan interest when most of this will not have been paid or due yet, tops its 18 months of interest, so the figure repaid is actually about half that

Plus FCA / FOC fees......

and i included the month of October 2018 when its not included in the investigation.

These are the figures i made up to give an idea on how much it could be.. take with a huge bucket of salt as they are complete guess work, but im intrigued by it

figures from results for periods in question.
Results for second half last year (full year minus results, minus half year results)
1st Oct to 31 March 2019
Revenue 140.60
Adjusted profit after tax 52.90
Profit after tax 50.90
EPS (Basic, adjusted) 11.20
Basic EPS 10.80

1 April to 31 Dec 2019 (9 Months ended 31 December 2019 )
Revenue 218
Adjusted profit after tax 44.7
Profit after tax 45.9
EPS (Basic, adjusted) 9.4
Basic EPS 9.7

Add in the results for the last 3 months to March 2020, since then its been lending very little and ill guess the figure at £40m revenue.

So the FCA issue covers (140.6 + 218m + say ~£40m for last unreported period) <£400m revenue.
their headline rates is 49.9%, example is £1,000 borrowed will total £1,750 repaid over 3 years.

On that basis we have £228m of the loan book in question.

atleast half will be fine but lets take a huge assumption of half the loans in question being iffy.

so we are at £114m of loans with interest over 3 years bringing in revenue of a total £200m = it costing ~£85m + 8% interest is the worst possible outcome.

I’d say I have was pretty damn close with my guess of 8p low!

And as I said the higher prices will come in time, middle of September 20p+

:)

JB got 8.78p for todays 1%

My worst one Bee was Tesla - I tried to buy ~£10k of Tesla stock at $70, the broker wanted me to fill out a w-8Ben Form and I couldn’t at that particular time, the next day it was $80 and I was miffed, though I’d wait for $70 again, still waiting and it’s just hit $1800.

Just another daily algo fishing trip.

- and I know that didn’t stop them buying up hsbc.

I might be being thick but doesn’t an investment here go against Their religious beliefs? Charging interest etc ? Riba?

Results will have to contain some information about the offer that was not put to shareholders

Or company decides to do a buyback up to the Equivalent to the cancelled div.

Nice, now I feel I overpaid ;-)

Took a few More at 9p.

Very Reasonable discount at £44m Mcap / £136m cash.

same as every U.K. manufacturing company, every client wants to buy “cheap“ and no one wants to take in to account the higher wages here or pay accordingly for it. Subcontracting out to Others to create a buffer isn’t the answer, expectations and prices just have to go up or it’s back to Asia / Africa for manufacturing.

He will be finished In 8 weeks and a couple of days. That is the resolution, he can only sell once.

got to make the most of the quiet bb while we can get some healthy discussions in.

im not ruling out any scenario, I personally dont think hes buying shares, i think him buying bonds would make some sense as they are normally paid out in full on a take over and are trading low, ive never traded bonds or know how you would track purchases but if he has been buying them up that could be interesting.

his friends might be buying shares.........

and something different - wouldnt it be ironic if he eventually put a bid in himself while he was still selling 1% a day.

aslong as the FCA issue is resolved and the company moves forward, i actually think amigo would have a brighter future with him out of the picture completely. his actions will be preventing some of the big guns from investing while he is involved.