Member Info for itisagame

The whole vreq is just to get the company to a position where it can resolve a claim within 8 weeks of it being started.

Provision
“ In summary, the provision relating to existing complaints is based on existing data that we already have. The element relating to future complaints is based on statistical analysis and some judgements we needed to make, based on all the facts we had available at the time of announcing our FY20 results in July 2020. We believe it is a prudent provision.”

Liquidity of stock defiantly helped keep the price up, Future liquidity can easily change in a few days if IIs decide to buy more, as time passes if the company delivers stock will be held more tightly, I don’t think it offered good value to regular PI at ipo, but they did book Around £100m profit That year and various parties did see value. There is a JB interview that was posted a while back with a Company offering startup office space where he explained in detail they IPOed because they had offers to buy them out (prudential?) but the potential buyer said one price at the start and came back with lower offers After 6months of due diligence, and was haggling but JB saw it was worth more so used the due diligence To help speed up an IPO ( was a while ago I watched it it’s over hour long, so can’t remember all details)

What we need
•End of FCA Investigation with positive result.
•the FOS claims To stay within the provision (we will get that nasty RNS at some point with that >£35m total Figure That has already been provisioned and it will have the potential to be a bumpy few days trading),
• lending to restart and if It’s needed Gain additional headroom on the facility.
•end full year 2020 with a profit

35p is net asset value. Once above is achieved and the claims issue is gone or down to Costing the low millions a year ( you always have some ) It will rise, just takes time.

It Had similar debt at ipo and Mcap was Valued at £1.3 billion.

Year to March 2019 It had £508m debt , £15m cash, £707m net loan book.
Now has £192 + £234 = £426m Debt, £145m cash, £553m net loan book.

Net loan book plus cash pretty much the same.

im going to follow the theme of 20p and guess
20p+ by or on Q2 results day.
20p+ on relending
20p+ on new financing
20p+ on FCA affordability outcome
20p+ on FCA approval of chairman and CEO
And Im tempted to say it will hit 20p on resolving the VREQ (but probably drop back)

I want close to 35p, net asset value, within a year, but ill trade some into each rise on news, but i know one day it wont fall back.

It will be Donald.

Just think this was only 27 months ago.
Q1 2018
Net loan book 638.2m
Revenue 62.9m
Profit after tax 12.3m
Mcap £1.3 billion

Q1 2020
Net loan book 553.1m
Revenue 48.8m
Profit after tax 3.0m
Mcap £40m

Glen was happy back then........
29 June 2018
Following its announcement on 7 June 2018 of its intention to proceed with an initial public offering (the "IPO" or the "Offer"), Amigo, the leading company in the UK guarantor loan space, today announces the successful pricing of the Offer at 275 pence per Share (the "Offer Price").

Glen Crawford, Chief Executive Officer of Amigo said:
"Today is a significant milestone for all of us at Amigo. We are delighted with the level of support and interest we have received from our new investors. I'd like to thank all of our employees for their hard work and the fantastic service they give our customers every day. We look forward to further growth and success as a listed company and helping even more people who need alternative finance options."

Nickel I understand how you trade and you share a ton of live information, you just tell us how it is at the precise moment Often backed up by What you see on the order book, always appreciate your input be it up or down, your input has saved me a few pennies on other stocks in the past, so thank you and keep it up :)

Don’t you hate it when your trying to sleep and Have a brain wave.

The second 3 month extension of the covid holiday accrues interest, if 49,000 People were On payment holidays Wouldn’t this add up to Around an extra ~£17m for these 3 months? (553m / 199,000 x 49000 /12 x 3 /49.9%) These

From Q1 results (April May June)
“ For the first three months of the payment holiday no interest accruals were applied to customer balances; from three to six months interest begins to accrue. The timing impact of these changes will be reflected in our results for the second quarter.”

“ Collections remain robust at 86% of pre-Covid-19 expectations as at 31 July 2020.”

From
“ Cash collection remains robust at over 80% of pre-Covid-19 expectations, as at 31 August 2020”

we are all overthinking it, we are in the middle of a pandemic, most companies are at lows, going bust or raising capital left right and center from any source possible so anyone with cash can buy most stocks for dirt cheap when comparing to pre covid prices. every bank, the entire travel industry, leisure industry, airlines and manufacturers are on their knees and being picked up for peanuts or going to the wall.

However Amigo is in the fortunate position of having a huge cash balance, half the debts are being repaid and serviced by daily collections and we have plenty of cash to service the bonds, it is only the claims costs that is the unknown but we are repeatably told this is under control by the company.

everything will rally in time as we either learn to live with covid or it goes away like the Spanish flu did, fueled by cash exiting bonds and commodities and the cycle continues.

we had a profitable Q1, i expect Q2 to be similar, the company will get through it in time.

All these big buys and director buys coming in the day after Q2 closed out... bodes well....

I dont think hes going to touch the UK market while the FCA sing the current tune, probably already setting up Richmond Loans Australia, always a chance that he might play his card if Amigo have bigger issues in the future but i believe the chances of it getting there are very slim, but not non-existent.

you ain't nothin but a hound dog................. spouting rubbish all the time.......................

Good bye Hillman another of your accounts filtered, i hope your multiple personalities get the help they need after the public mental brake down you had on here a few weeks back, you have not been the same since.

probably glen going for the take over :)

Thats the UT figgy :)
2020-10-01T15:35:11.167 GBX 10.68 573687 61269.7716 UT XLON

these are todays biggest trades
2020-10-01T13:01:33.377 GBX 9.431 500000 47155 Off-Book XLON 2020-10-01T07:24:31.540 GBX 9.545 500000 47725 Off-Book XLON
2020-09-30T16:06:38.000 GBX 9.96 425000 42330 Off-Book XOFF N
2020-10-01T14:18:57.347 GBX 10.262 300000 30786 Off-Book XLON

Not bad, Amgo is the only blue stock I have in the watch list today!

Use the Vox market app, add the stocks to your watch list and you get the rns before any other service that I’ve tried.

I’ve used it for years, ever since I badly timed a buy on an oil stock, the rns was released but didn’t show anywhere, it had come out as a duster and cost me a few bucks. Vox has never let me down 10/10 app

Complain about a £50k investment all you like, He now holds more stock that he has purchased with his own cash than any other director, the rest Only have bonus and pension contributions.

He already did, hes bagged twice Here again since it opened today.

Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces that the Company has received notification from Gary Jennison, the Chief Executive Officer of the Company, that he purchased 500,000 Amigo Holdings PLC ordinary shares of 0.25p each ("Ordinary Shares") at an average cost of £0.0955 per Ordinary Share on 1 October 2020.

The below information and notification is made in accordance with the EU Market Abuse Regulation.

Joined and followed you mark, I feel like an old fart learning to navigate it but let’s see how it goes.