Member Info for itisagame

Can they do a buy back instead?

Retail RI £15m + placing for £55m = £70m plus debt facilities for remaining to make it up to the £300-400m lending capability in time and over years, little by little.

Vote will be
Vote to have 5% in a company which Danny and his mates invest a hundred mil in to.

Or

Sod the amigo loans ltd subsidiary and start a new one from scratch and reapply for new lending.

One is a faster route than the other, at the sacrifice of equity, it will be a choice of turtle vs hare.

Imo. Shareholders (mainly retail, No ii left) won’t vote for 19/1 dilution when other options are available, most are 80% down or more and don’t have the funds so would effectively be voting for their own slaughter.

Don’t get caught being short on the discounted rights issue stock Q1 23, could be a costly move.

If your gonna let it drop 40% on bid let people buy 40% lower too you tea bag of a Market.

The New Business Scheme will also require the Company to issue at least 19 new shares for every existing share in the Company.

And.. confirmed.

The signs are there.

CFO leaving.
Open letter writing off and remaining assets on loan book to claimants.
Delays in court timing.
No FCA update.

Jeez reading this is like watching a troop of monkeys have a collective mental brake down.

20p by Friday.
Range Rover by March.
Lake of Constance by September.

Kids crying

Yep, Im pretty sure there isn’t any profit (real physical cash that is, and ignoring any paper accounting amendments) , but I sure hope there is as All profit is going to claimants, them poor folk need every penny at the moment, be a shame to have these delays draining the reserves and lowering what’s in the overall pot for those who really need it for the upcoming depression.

But will it dip first on results ?
What could possibly be good within them?
Loan book only just covered a profit last half year, could have additional set offs and higher impairments since from the lower net loan book.

Provision was £344m at end March 2021 and they havnt added to it at all so far this year - well +£300k in the 6 months.
Since then as per the open letter we have been told all returns outside running costs are being diverted to the claims pot.

I know I’m playing Devils advocate but all is not good at old amigo loans ltd.

ok Thanks Jimmy, ill call Gary tomorrow and tell him hes got the green light and that he and the team have misinterpreted the whole situation.

what a silly goose Gary is (face slap emoji)

If they let amigo carry on lending the last two years id have gladly let them have another £50m plus the whole £ from the profits generated from two lost years of trading.

Rob - Ironically since the overdraft rule changes i think for me atleast its made me more blasé about seeing a small monthly fee, i got hit with a £30 charge as a kid for being £2 overdrawn and made sure to never be in that situation again, since they changed it i just think meh, whatever shiny object or stock that took peaked my interest was worth it, will be clear in a week or two.. rinse repeat.

lets see if MCL get away with their company restructuring and spin a provident style deal to resolve historic claims.

Whatever their outcome + or - it will show that the FCA either favor provident unfairly over market competitors or that they are selectively incompetent.

been as Amigo is pretty much as expensive as most bank overdraft facilities, can the FCA start getting claims going on them unfair overdraft costs or limit it to 5% above base or whatever they consider affordable, i use it every month so i clearly cant afford to use it lol

Ex div day, hence drop, 0.07p per share will be paid to shareholders by end of next month.

Was just looking for any celadon mining ltd mentions, cant find anything new, the following came up
---------------------
Lord Ponsonby of Shulbrede's full title is The Lord Ponsonby of Shulbrede. His name is Frederick Matthew Thomas Ponsonby, and he is a current member of the House of Lords.

Category 4: Shareholdings (b)
Celadon Mining Ltd (coal) (interest ceased 13 April 2021)

https://members.parliament.uk/member/3154/registeredinterests

---

quite interesting seeing what the lords reported as held

https://www.parliament.uk/globalassets/documents/publications-records/house-of-lords-publications/records-activities-and-membership/register-of-lords-interests/register160521.pdf

Mcl taking a hit today, this link I’ve Taken from mcl bb, thought I’d post here. (Article Mentions amigo)

https://www.emuarticles.com/will-customer-refunds-cause-problems-for-morses-club/amp/

whats worse is that the FCA / FOS and amigo could work together and if they can lend again then there is still time for amigo to repay every claimant in full, all it would require is amigo lending again and an agreement to ensure that all claims are repaid and settled in full before any dividends / bonuses / options are paid, it would just take some time, 3-6 years depending on how quick they could responsibly rebuild a loan book, pay back part year on year, could even give them interest.

no real reason for anyone to lose out other than wanting amigo out of the market, plenty of business charging 100-1000% apr have been made with other companies....

if handled very differently claimants could have had full repayment over time, the company could have continued lending under new guidance and overall if any there could have been very little dilution and the sp never drop <£1, shame.

Incompetence shown from all parties.

But hay hoe, the low sp is what gave a few the chance to make or lose money.