Member Info for itisagame

Bust season - busy season (lol sorry)

Feels like it though. Lol

FWIW - Even if I was skint I’d still have to avoid the Aldi / Lidl shower products, seemingly allergic to them and had red blistery blotches last time I tried them, so I would obviously stick to what I know even if they cost £10 / bottle.

This is just a trade don’t get to held up on the technicals, it will bounce eventually and just as it enters bust season.
Sofia and Goldman added, so they and other II must see some value.

But yea, not a fan of Matts bonus or the fact that thg don’t own the property while having it as a core and vital part of the business.

Just look at last set of results.

Half year At period end 30 June 21
£66m net cash
£3.2b total assets
£1.5b liabilities (£1b in tax, borrowings, lease liabilities, half a bil in trade payables.
Assume £1.7b net assets (no net asset line on results)
That’s £1.24 a share.

A billion quid of the liabilities is long term lease and borrowings, so add that back while that cash is kept in THGs pocket and it’s ~£2 a share.

Add any speculative value or increase in performance / asset value since and you are at £2.30-10 depending on what broker sold you the shares.

It says at the end “Total equity and liabilities £3,282,625” but £3,282,625 is also the figure for total assets, which is the figure before liabilities are taken, £1,492,746 so by my understanding that is wrong. - but I could be wrong …

This had an £11.5b mcap not long ago, let’s just hope that they get the opportunity to work their way up from there again.

Just looked, Yesterday was 3396 algo to 2099 normal trades.

Today 5221 algo to 2089 normal trades with more trade still coming through.

Seems Algos very much in control.

I Might have the feed downloaded still from London stock exchange website, I’ll have a look this evening.

I just download the excel sheet and rearrange it.

2970 algo trades 1460 normal trades.

A Couple of oddities that need they need to confirm with shareholders.
1- if they went down the mentioned path and demerge the companies would it be a straight sale or a demerger and shareholders get stakes in each part of the sum.
2 - If a sale where is the cash raised going / debt / dividends ?
3 - which part of the company would they be aiming to list on the 250-350 (as mcap of each divided companies individually wouldn’t meet 100 requirements)
4 - and obviously- wtf is going on?

why would you bother raising the amount of capital needed to bail out a ltd subsidiary?
when you can use the existing assets in the subsidiary to clear the majority of claim liabilities over time? the majority of the old loan book will be all but paid back ~Q2 2023, claimants had the opportunity to have the claims settled and cash by now and were denied that opportunity by the FCA, so they can wait the remaining 18 months till the loan book is repaid.

IF the SOA isn't resolved within expected costs (my guess ~£100m plus part of loan book returns over time) then any capital raised will be for the PLC holdings company, to enable the PLC to restart lending via new unhindered entities with no historic ties or liabilities.
Institutional money will not give amigo money so simply pay claimants as you always have the possibility that the FCA change the goal posts again and want yet more money, institutions want their money invested to be used to earn more money, and increase the value of their investment they are not charities.

This is not like PFC who have their equivalent to a future loan book already booked and future revenue secured, Amigo has a dwindling asset base which has its limited potential return.

Plus £40m £60m £80m wont really go anywhere, they need £150-£200m to get things going with a bang.

This has had 217m volume since mid September when this was £6.
if it keeps up with the 4m average volume since then, it could trade that volume again back to £6 by Xmas.
then its back to what Softbank paid in May, you know when the company raised a billion dollars at £5.96.

lets Assume one buy for one sell, (realistically probably 3 sells to 1 buy because of shorts) , ~108m volume each way, its been valued down to £2.30 by the bottom 8% of shares. I assume the other 92% of shareholders still value it at the £5 - £8.30 that they paid for them, or atleast more then the £2.37 that it currently is.

Its just the spread, when price to buy dips below .10-12 a couple of buys appear, the few shares available get bought up then a small trade at ~15 ticks it up, done the same a few times.
I still speculate that the listing will be put to some use, but its a casino bet.

Own up, Who took the £3m worth?

Remember collections will dwindle over time,
~£1m average to Xmas
then to around
~£800k a day around January
~£700k a day around March
~£600k a day around June

which reminds me i need to rebuy at some point, this is like playing chicken lol

£1m in a day.
enough cash to repay the £234.1m bonds in the bank right now.
enough cash to repay the additional interest / early redemption fees by end of month.
£200m left on net loan book

Expect Settlement will be
~£50m to claimants
~£50m to FCA / FOS / legal fees
Will have till June / July to settle them

leaves £100m NAV which will be eaten up by running costs and claimant % over the next year and more loan adjustments.

So one choice, restart lending Amigo 2.0. Plus the launch of Nomigo as a new entity, with new additional unhindered borrowing from JPM.

Its coming.

No its not. :(

"The London government said it was providing "Track-1" financial backing for the BP-led East Coast Cluster and Hynet North West,"
https://www.spglobal.com/platts/pt/market-insights/latest-news/energy-transition/101921-uk-gives-nod-to-north-of-england-ccs-hydrogen-projects-infuriating-scottish-leadership

"The government is committing £140m to two clusters promoting carbon capture and storage to produce hydrogen. The hubs will be the North-West of England and North Wales, with Teesside and Humberside - the government has previously promised £1bn to support CCS. "
https://www.bbc.co.uk/news/science-environment-58899006

From interims:
"We continue to evaluate the viability of enhancing our UK sites to include renewable energy. It is feasible that a number of our UK sites could become integrated hybrid energy hubs, encompassing combinations of solar, modular hydrogen, Carbon Capture, Utilisation and Storage (CCUS) and battery storage. "

" We are in dialogue with the Government regarding grant funding to support the project - which has public backing from the council and the Staffordshire Chamber of Commerce - to provide renewable heat to the Stoke heat network."

Nice trade for Goldman, out at £5.80 back in at <£3

PSquared have taken advantage of the low price now people are making it easy for Numis’ shorting clients who think it’s worth “0” lol (no manipulation there at all lol), update in a week and already have been told £700m liquidity and a billion quid revenue as they go in to the busier half of the year.

Happy trading the momentum.

Well held UT :) Your patience paid off and you deserve this, will be another XX multiplier for you which others will only dream of, the other few will come good in time too, micro caps are too few and yet more valuable than historically for them not to.

Jesus this is boring, thought a deal was supposed to be done already ;)

but every day longer is another day that £1m comes in to the company bank account, Wing it out till Xmas and they have the cash to cover it all.

Expect that the Fca are too busy squabbling over the size of their cut of the settlement deal and are already out spending their amigo fine bonuses before they even get settled.

Fos / fca fees higher than final settlement, would be a great look for the regulator

Don’t forget about the cash ££