Member Info for itisagame

thank you for double checking, my original investment decision earlier in the year was based on the trading volatility - so a gamble and punt at the time, today i was looking more indepth for a potential longer term investment and this shows why DD is important and how easy i can miss the important things. any why i should never assume :)

why have they not updated the posts on https://infotagion.com/ since July?
there was many googling the rule of 6 rules, and will be many googling the tier of lock downs and trying to work out what they can do right now, seems a bit of a missed opportunity

note : that paragraph was from google - definition of right-of-use-assets not the accounts

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Property, plant, and equipment £367,999

most are "Right-of-use assets" £4,912,511

"The right-of-use asset is a lessee's right to use an asset over the life of a lease. The asset is calculated as the initial amount of the lease liability, plus any lease payments made to the lessor before the lease commencement date, plus any initial direct costs incurred, minus any lease incentives received."

i missed one rather large point before that i have just spotted, its a bit of an elephant, i dont know how i missed it before, i just assumed beforehand that the £2.6m was mortgage / loans secured against the properties.

- They dont actually own the properties, they are leased and that is a huge lease liability on the accounts.

After raising so much capital from shareholders originally why didn't they purchase them outright (or chose different properties if not available to buy) on day one, you do that and you guarantee the future of any school forever and the PLC would benefit too from asset price rises (aslong as they structured the company properly with holdings companies for each property and each school paying rent to the holding company etc, all subsidiaries of the main PLC incase you wanted to liquidate a single school and not effect the holdings company), this is just providing a service and paying wages, so if its not making a profit there is no actual investment that is strengthening the company assets and balance sheet.

There is some value but no way near where i originally expected.

If it was £1.50 Get level 3 you cheapskate :)
you can sit in your throne and watch it all day.

most holidays will be over, interest acrues on months 3-6 then loan extended with this interest added as principal to the end of their current term. this would has added to the loan book and as good as relending for the period on 40k customers, consider it as the equivalent to potentially ~10,000 new 12 month loans on the books.
cant remember the number but I think i guesstimated ~£15m new interest that will be put on the loan book from this.

I know and also with negative interest rates in the near future all the cash on books for every fund will be looking for homes, and negative to 1% bonds will not be sufficient for many.

im just growing impatient, excited, distracted :)

BP @ £2.08 offers an 8% div atm, bargains are out there, get the VREQ and relending news out and the price up soon please Gary, i want to trade other stocks to build up a portfolio of life time dividend payers, not just Amigo :)

thats happened so many times, but you dont even need that high of a profit, you just buy on consecutive down days and not on spike days thats when you sell, trade the momentum of the volatility.

0.01 is my target again for a large chunk, i also have smaller trades in mind for 0.012 and was tempted to buy again today.

id also be happy to buy at 0.02 if i knew ehgo was finished,because i know it would go up 20-30%+ from A to B, and 20-30% is a good profit either way.

i have no intention on holding tons for years, maybe some of the profits will be left behind, but the volatility is too predictable to miss while egho are here, and when they are gone we know each time that it gets harder to buy reasonable sized chunks and the price has historically gone up, even if its only for a short period.

whats not to like? Most have made and are still making money off the share, we all know its history and the opportunities that it has given time and time again.

I cant wait to put more money in. Its been a money printer, when its not printing shares. Just got to buy at the right time and price. The money printer will soon go BRRRRRRRR again.

Lol I can actually buy And sell £2 of stock with no fees.
This will be fun, let’s see if they show up in the trade list.

Cash in the new Freetrade account deposited now, £150 here and £150 in Hur, I’m going to be a billionaire!

(Just a fun account to distract me from amending my main positions)

Actual trading side on this platform seems pants, keep trying amigo and getting trading in this investment is temporarily suspended please try again in a few seconds.
(Don’t worry it’s not the company, just the app that can’t trade it)
Seems a Bit of a con of an app, can’t trade It when i want to it seems.
I’m Trying out free trade too, But a deposit Is taking ages to clear on there.

The other day I down loaded this to see how fast I can lose £50k in the fantasy portfolio And get to £0, Managed to get down to £20k in 12hrs by shorting tesla and other fang stocks, but just made £40k shorting oil and £20k on gold.
It’s harder to get to £0 then you would think :)

Bit odd timing.

Suspension of Listing

Effective immediately, the trading of shares in the Company shall be suspended.

Due to the Covid-19 travel restrictions to China, the Company auditors have been unable to conclude the annual accounts till date. As a result, under the required Listing Rules, the Company has requested the suspension of its listing until such time that the accounts can be published. When such accounts can be audited and published, the Company will request the exchange to continue the trading of its shares.

Negative interest rates soon, amigo will have to buy back them bonds or get the money loaned out to customers before that fat wedge in the bank starts costing more money daily, amigos bonds will only get more attractive and cost more money to buy back before long.

So hard to keep my cash here, because other stocks are so cheap.
And yet
So hard to keep cash in other stocks because Amigo is so cheap.

Guess I have to sit on idle hands.

Tbh I was surprised they didn’t put this in place on the day this part of the court case began, many stocks suspend while A court Session is open until The result. Putting it in after is a bit odd :)

You were all making it more expensive and harder for the right people to buy the stock, so common folk have been locked out :)