Member Info for itisagame

Ironically if they didn’t stop amigo lending the £344m could have been paid In full now two years later..

£100m securitisation fund.

Still check now and again because I want to know where it ends….

Infotagion.
25 Oct 2021
Registered office address changed from 27-28 Eastcastle Street, London 27-28 Eastcastle Street London United Kingdom W1W 8DH England to C/O Joe Media 5 Hardwick Street London on 25 October 2021

Still controlled by
Damian Noel Collins
And David Sefton.

Still think Infotagion and the disposal of it as the old board left the building without shareholder approval etc is the smoking gun that can be used to prove malintent.

Hi Sara

I wasn’t talking about amigo with the bulk of that last post. It was a chat about other “cheap” stocks in the market hence why I said
“(Not comparing any to amigo, but genuinely interest in what true value is currently out there) “

I even covered the other aspects and downside with the bottom comment.
“ (amgo is red/black, boom or bust anyone who says otherwise is not taking in to account or accepting the potential of every possibility outside of amigos control, yes cheap and could technically bounce far from here before any event)”

And “Could technically bounce” - because market speculation doesn’t always take in to account state of the market, or state of the company and we are this low because of above average II selling as bybrook close that CFD - simple supply / demand of the stock that’s available in the market at a specific time moving a price up/ down

I know what’s on the table. A very generous deal, which goes beyond the available funds within the subsidiary, shareholders are going along with it and considering contributing after this ends because we see potential future value from the team, brand, ideas and effort that the company will be putting in going forward if they get the chance.

Merry Xmas, Happy New Year. I hope we can all find peace in good time.

Some of them look cheap, but
Which ones have reduced debt?
Which ones have increased their cash in bank positions?
Which ones have higher projected inflation adjusted future earnings?
Which ones have an asset base which is increasing in value?
Which ones have had to raise capital / issue more shares to survive?
Which ones are trading higher than mid 2019 levels and are still trading higher than they should because of the general index investment bubble?
Which ones are recession proof?
Which ones could survive a stagnated market for 3-5 years?
Which ones have increased their customer base last few years?
Which ones are actually trading at value, Or have mcaps below enterprise value?

Many good for a bounce or potentially tradable around events but which ones will be there (with similar equity size and shareholder not stakeholder ownership) long term?
Which ones could you buy and hold to retirement without worrying About loss of value?

When not even RR. Was “safe” last year and had to raise tons of capital, what is?

(Not comparing any to amigo, but genuinely interest in what true value is currently out there)

(amgo is red/black, boom or bust anyone who says otherwise is not taking in to account or accepting the potential of every possibility outside of amigos control, yes cheap and could technically bounce far from here before any event)

Volumes dropped off to crumbs.

Must only be broken custard creams left in the jar

Just an observation....If the market really thought Cineplex would get this pay out why are they only up 10-12%?

Shake shake shake.

The Trees are getting a bit bare now.

January should be higher than here.

Just a matter of time.

I fully understand it all, and i always said the easier option was to shut the subsidiary and restart, sell the loan book for ~30p in the £, pay the bonds, FOS, FCA, staff - PLC is debt free then, and just restart from something else, a new company with no ties to old, no historic risk or past issues, would have been the cheaper option, probably quicker, and easier to raise capital against.

But we are where we are, this deal is very generous and the team have gone down a very diplomatic approach, much better terms than the original for claimants, but claimants would be stupid to not vote in favor of it.

Feels like the board rolled over more than needed, but if/when they can earn the money back ill forgive them.

Its a great deal for claimants and about as fair as it gets, it might look like amigo is left with a sum after everything, but when delving in to the detail of the documents today, and include a potentially higher rate of impairments on the remaining loan book, include the potential FCA fine, extra FOS costs for round 2, extra legal fees, etc etc it isnt much thats left , still more than the market is pricing amigo at currently but that could all potentially be gobbled up, if they just shut shop and sold off the remaining loan book to market at market dictated prices then claimants wouldn't end up with anything.

The fact that shareholders are going to contribute at all is a very odd situation, and legally they didnt have to go down this route and could have done a provident first time round, but Amigo is going the extra mile for claimants.

Once bybrook / Jpm are gone how are they keeping the sp low next? No ii left to sell large volume, Are we going to get the 200 amigo employees creating 4 lse accounts each and spreading doom and gloom from 9am-5pm lol

As per last rns.

“ If neither of the New Business Scheme or the Wind-Down Scheme is approved by the creditors or neither is sanctioned by the Court, Amigo Loans Limited will enter into an insolvency process.”

they only mention a wind down or insolvency of AMIGO LOANS LIMITED. any option ends up with the secured creditors of Amigo PLC (amigo Luxembourg - the bonds) being paid.

8p was only 1 to 3 ticks away most of the morning, yesterday it hit 8p on the ask, you had one seller chasing the bid, all the main mm are close to 8.5-9p.

6p / 8p / 10p all cheap When expecting 20-50p longer term,

they had 36m shares on Wednesday, had ~45m shares traded since (on the book we see)
Id assume they are pretty much out now, but yet to see that signature large matching trade to confirm.

Claims will now cost more than the FCA / FOS fees, that was the political hurdle they wanted.
The FCA couldn't be seen with the claimants receiving less than them.

Good price, lowest I got so far was 6.43, The 250k on sell side kept loading the sell side since last week, but was chasing bid today. Think that is JPM selling bybrooks cfd, but not at pc so can’t check the mm selling.

You know it’s cheap IK, but only if anything passes how we all hope.
This is JPM battering the bid, once they have sold bybrooks position (if they are selling it all) then it should rise.
But you got a good position in a different company with good prospects, the old saying is let the winners run and cut losses.

(Obviously I do the opposite to that time proven technique and double down. )

It’s a Good price mark. ;)

Down on JPM selling bybrooks stock, the PSL was a positive step, if anything JPM just screwed bybrook a bit but they had the chance to clear profit at close to 30p so their risk management could be better.

Them Calling a positive step forward more hurdles and negative is trolling. :) im sure the green boxes will appear