Member Info for itisagame

(If / when) the company gets past this current issue,

Consider this.
What if amigo expanded the business model and started to issue a variant of loans specifically for consolidations at say 25% to a larger range of more financially secure customers. All approved by the FCA, financed by a different bond at a lower rate due to the different customer base and lower risk. this would open up a huge market.

JB said
"Actually as it stands now I would have made more by not floating at all, and just leveraging up the company with more debt. Amigo was severely under leveraged for many years. Even now it has net assets many times larger than its market cap."

"However, our faith in Glen is very strong, and once we are sure that Stephan Wilcke and Roger Lovering have left the board, we would see a strong possibility that we will reinvest into Amigo and play a part in the turnaround."

in reality revenues and profits are up since the IPO, sort the FCA out get it behind us, refinance / push out the dates on the bonds, restart the div, and there is no reason why it cant surpass the IPO price in a year or two if it all goes to plan.

here we are talking about pennies difference, what about the buyers at £2-3 not so long ago,

I thought that last week, and tried to trade it with 10p was my rebuy target, then tried to get back in on Wednesday on Glens RNS but it was NT to buy for the first 15 mins and went to 13p in moments, apart from a few seconds intermittently in between auctions, as i sat there i thought what if i was out when a TR1 buyer is released.

good luck guys.

with so many Tr1s in a short period sources other than whats on the official pages could get confused.

We will have to wait and see, they could be waiting for the results.

On the plus side, we have purchased lower than all the II :)

thats up to the 8.04%

https://www.londonstockexchange.com/news-article/AMGO/form-8-3-amigo-holdings-plc/14461749
https://www.londonstockexchange.com/news-article/AMGO/form-8-3-amigo-holdings-plc/14464376
https://www.londonstockexchange.com/news-article/AMGO/form-8-3-amigo-holdings-plc/14466436
https://www.londonstockexchange.com/news-article/AMGO/holding-s-in-company/14471987
https://www.londonstockexchange.com/news-article/AMGO/form-8-3-amigo-holdings-plc/14472736
https://www.londonstockexchange.com/news-article/AMGO/form-8-3-amigo-holdings-plc/14474879

https://www.investegate.co.uk/amigo-holdings-plc--amgo-/rns/form-8-3---amigo-holdings-plc/202003160700051824G/

dont get your hopes up it could be:

MIC Capital Partners (Public) (US) IM LLC 38,232,498 8.04% - is the total held by the whole group
MIC Capital Partners 37,248,432 7.84% - is held within this part of the MIC group

but I hope not, it would be great to see some II buys reported.

A complete guess but Im assuming a possible 8p bottom next week if we dont get news or buyer TR1s before results, then its 15p+ on 23rd.

ebb and flows 12-18p for August, creeps up towards September, 20p+ end of September.

Thats what the tea leaves told me anyway.

i expect ~240-250m revenue & ~£50m profit minus provisions. :)

E_AL - cash flow wise im not worried, i expect them toget through it, worse case its a cash raise / bonds sale to get past the whole situation and back to normal, lending in an FCA approved way.

pretty happy that they have been loaning less the last few months, kind of puts an end date to the disputed claims assuming when they restart its all FCA approved.

thats what i have done, i had a few other stocks go up last week that i wanted to secure the profit from and its all ended up here on the drop.

I have different targets for different batches, some for trading and aim to keep atleast 100k shares for longer haul.

Im pretty confident that it will be 20p+ by year end, If it drops from here i might buy a few more but im not to fussed because i got in heavily at 5-7p.

I couldn't recommend it but to me its pretty binary at this price.

My Gut says it’s being bought up, By who? who knows, I strongly think glen will be buying as soon as he can, maybe even double down.

His current share sales aside, I don’t think JB is done here.

Thanks

I can’t seem to find the significant shareholder page on amigos investors website?

I might be imagining it but I’m Sure I have seen it before

I’m sure we have all been told
- You haven’t made a penny until it’s in your bank.
- If you bank your stake then you can’t loose.

The hardest part I find is keeping cash aside for the golden opportunity that always pops up when you don’t have it, slowly getting there though.

When some of them have their 30-70% price corrections I might have a look and be tempted to trade them :)