Member Info for itisagame

Short tracker
>0.5% Disclosed positions in AMIGO HOLDINGS PLC (AMGO)
0 - zero.

Euro clear Total on loan Jan 2022 (includes stock borrowed for shorts and long positions)
GB00BFFK8T45
AMIGO HLDGS ORD
Average on loan 19,638,915.63
From the total Average in crest 473,123,734
4.15%

4% split between longs and shorts. <20m shares.

I fail to see the comparison between amigo and GameStop / amc with >100% of share issue lent out as shorts.

When it’s the whole sector gone you have to question the regulatory body that approved it all for every company along the way, plain as day, a judicial review would show that the FCA are the route cause of the problems for the entire sector, shame there will be no one with cash left to fight them and sue them for losses.

If claimants get the dregs of the ltd company why not let shareholders get the dregs of the PLC.

It’s essentially just a shell company listing and priced at as much anyway, value of brand has gone, could use it for an oil and gas play or something, save the ~£2m listing costs, that’s all that’s about left, it’s been stripped bare.

Now the claimants get all the loan book returns and are in charge of it wouldn’t the moral high ground for the cause be to pay the bonds back, give the staff their redundancy, pay closing down costs, and then just write off and void all of the whole remaining loan book, should leave claimants with about 10p in the £, but it’s not about the money going to claimants is it, it’s about removing the mid tier lenders.

Just a new or existing subsidiary from the shell of what’s left of the PLC, I still want amigo loans ltd wound down.

Retail PI are clearly not an asset, they are treated as liabilities that need washing away - any new company needs funding in any case that’s a given and retail don’t have deep pockets so it won’t be the same shareholders, all the old ii who received divs and ran the old guard are gone, just retail bag holders losing their life savings left.

No I dont want same management team - had 3 teams and the last two Have all proven to be useless in the fight for shareholder value and are far to expensive for a new business.

No I don’t want same customers, all these can’t afford loans.

Systems - leased
Databases - gdpr restricts

All has been given away from the old, just pay the £50m bonds shut it down and let the remaining creditors squabble over the bones.

No if amigo plc started a new company, applied for new lending licenses, started fresh it would not be phoenixing.

Phoenixing would require moving assets from old company leaving old company with liabilities only.

Well.. as it stands the old company has no assets, so there is nothing to transfer.

A fine isn’t the end of the world for the company, it is just an extra cost which is more cash from claimants and handed to the FCA, given time any fine can be added to the costs in the eventual judicial review against the FCAs performance and guidance, it has to happen as this whole situation has made the whole market uninvestable .

After all with amigo on its own they exposed shareholders to £1.3b loss of value, from a matter which they signed off originally.

If pension funds can’t invest in FCA approved and signed off loan books and then the FCA back date claims then no one can invest in this part of the market.

The Fca Will fine amigo, the fca hasn’t acknowledged their faults which enabled this issue, so they will lay blame on amigo and fine them to save face.

The fca do not work for free and have made amigo a political football and scapegoat to cover their own incompetences, hence why they are writing the rule book as we go along. Fos and FCA both Blaming Amigo by name in their yearly guidance to cover their own increases in expenses and delays.

Peasant you are on the right track and I would agree with those prices.

Buy dips, sell the rally, take profit or use it to recover old losses and then build a partial free holding if your a believer longer term.

Im now waiting for results due around end of month to dictate wether I get back in a little bit or not.

Very near*

Darn that autocorrect….

Another great quote comes from One of the most successful investors of January 21st to February 2nd 2021.

“As for me, I like the stock” - Keith Gill

No one’s buying amigo based on fundamentals, they are buying because of what might happen in the vanir future.

potentially cheap options for a cheap future rights issue, if it gets to the point of right issue that is.

if its given the chance once it crosses that line its onward and upwards.

Sigh, limitations of the bb character inputs
(=/= Does not equal. )

Equity value ? Company value
Trading a speculative equity / instrument ? buying the actual company

3-5 years down the line, when dividends may be possible they may be able to split divs with buy backs, but we are a long way from that point.

But will need to complete the scheme and build a new business from the floor up to achieve that, so the idea of buybacks are the least of anyones worries at the moment, worry about what’s in front of us first.

If your a believer longer term the Next time to trade amigo is the results day due last week of the month, my expectation is that they will be terrible with every last bit or write down possible.
No reason to buy before them now so might aswell wait and get a few extra shares for your top ups.

in any case they have to get approval from shareholders to amend the 25p par value which is currently the lowest price that they can raise capital at, also limited to 10% dilution without shareholder approval, an offer to shareholders with a much discounted rights issue would be a bribe to buy their vote to amend the above and not necessarily the right choice.

Dont forget the board recommended that you vote against JB who offered to repurchase up 29% of the company off the open market at 20p, at 1/10th of that price the other day just look how great that recommendation worked out for shareholders.

Corporate message, just confirming the RNS

Origo Partners Plc has announced a return of capital. This means that your account will be credited with a cash payment, which will be treated as capital for tax purposes.

Under the terms of the return of capital, your account will be credited with USD0.00095 for each share held as of the ex-entitlement date, 17 February 2022.

For further information, please copy and paste the following link into your web browser:
https://www.londonstockexchange.com/news-article/OPP/return-of-capital-and-asset-sale/15311759

Your account is expected to be credited with the cash proceeds on or around 22 March 2022.

Please be advised in some circumstances there may be delays in the proceeds being credited to us from our custodian. Please allow 10 working days for your account to be updated.

Im truly Gutted that I used spread bets, but so happy for the amigos. Well done guys and gals.

Thats why I’ve held it so long, return of capital from the assets gets my investment back (this distribution is half what I paid), and im then left with a listing that could do just that, but I expect the wind down to complete if there wasn’t preference shares And they were ords I’d have been more confident about shell route. Very few shells now and a dying breed of listing.