Member Info for itisagame

The last one was 3 months no interest, then months 3-6 interest accrued.

Jus tListening to the beggars on the radio wanting more and more and more money.

Are we going to have to restart payment holidays with this new lockdown?

Apart from admin fees atleast this one involves little actual £ costs.

One week after her appointment, coincidence?

“Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces Maria Darby-Walker will join the Board as a Non-Executive Director and Richard Price will resign as a Non-Executive director.”

“ Maria has over 30 years of experience advising the Boards of leading brands on marketing, brand, and corporate reputation, including within the financial services sector. Experienced at developing strategy, managing risk and organisational change, she helps businesses to create their narrative and proactively engage with their stakeholders; she has a strong focus on driving good culture, leadership and purposeful behaviour. Her client list has included: The Financial Conduct Authority, Unum, Iglo/Birds Eye, Cadbury, and Rio Tinto amongst other leading brands.”

Still a higher share price then Some points of last week.

Shows why JBs idea of defunding amigo loans uk subsidiary wouldn’t have worked. Maybe the FCA saw GJ friend JB on twitter and thought they were colluding. ;)

Gary just wanted me to have a small dividend another way because he can’t pay them conveniently.

I made 20% on the freetrade account.... a whole £50 profit lol.

Counters the £5-10k On screen loss on the main account this morning.

Fingers crossed That is Creeps back up over the day.

I’m not to fussed, As you say just an opportunity missed, we all would have liked an extra 20-30% shares.

Just glad I use cash and not leverage, every one of them on IG etc with a stop got hit this morning on that 3p bid I expect.

Could be worse Seamus, I put £15k more in on Friday.

ig and the like were 95-99% long, could be a lot of positions stopped out this morning.

“ It's simply an extension of a previous and existing agreement, they're probably not going to resolve all complaints by 30th October so this provides additional time.”

There always was two issues going on in parallel.
The investigation in to affordability and the claims issue.

This is the FCAs action for the affordability issue.
The first vreq was for the claims issue.

Just odd timing that The claims will be ending and the new one starts, moving amigo from under watch by one FCA division to another.

I hope it is positive, but I don’t think the market will see it that way, I see it as Them making sure that the £145m cash stays in The same amigo Subsidiary that has the claims running against it and now they can’t move it to the parent company, I would rather they have the ability to move the cash to the parent company and do with it what the directors consider good for the company, this doesn’t stop it but just means that they need approval before doing so.

It’s better then some of the alternative outcomes from the affordability investigation but I would rather have them say it’s fine, case closed.

If they can’t move money how they want then then The FCA obviously think there isn’t enough in the company to fund existing issues.

If JB won, I think That would have made it difficult for him to move money out the company.

So it’s a negative, they want to bleed the company.

Oh well, Probably a good trade opportunity.

Asset Voluntary Requirement with the FCA

Amigo Holdings PLC (LSE: AMGO), the leading provider of guarantor loans in the UK, has entered into an Asset Voluntary Requirement ('Asset VReq') with the Financial Conduct Authority (the 'FCA'). The Asset VReq does not impact the day to day running of Amigo or its ability to continue to pay down debt. Amigo has a new Board in place and is in regular and productive dialogue with the FCA to restore confidence following the events of recent months.

The Asset VReq will mean that prior approval by the FCA will be required to permit the transfer of assets outside of the Group in certain circumstances, including discretionary cash payments to the Directors of the Company and dividends to Shareholders.

Amigo has adequate liquidity to continue to fund operations and support its customers. The Board continues to be focused on addressing Amigo's legacy issues, restoring confidence in its corporate governance and building a sustainable business for the long term.

It never bloody ends, one thing comes to close another starts

Wouldn’t it be a bit coincidental if One of The two days That Gary was working with claims Turned out to be the same day the vreq was met.
We are <10 trading Days away from the update.

wikipedia description describes something i would expect every employee to do if there is a problem, more nonsense jobs by the look of it.

Never heard of that job title before.

"Company: Amigo Loans
Posted: 2 days ago
Root Cause Analyst
Location: Bournemouth
Job Type: Permanent

We have high expectations of our employees, not least of which is living our values … with the Chief Regulatory & Public Affairs Officer and the Head of Public Relations regarding … Root Cause Analyst - Benefits. Performance-based bonus. Healthcare. Pension … more"