Member Info for Jonno41

Hope its a decent Champagne Vinson - would not want a prediction that makes you over £30M quid to be made under the guise of some cheap supermarket brand. Bollinger at least I hope... Happy drinking, I'll toast you at multiples of 10 between here and 300 and hope to stay with you for a long as I dare!

Being rushed out so as not to make the targets under the asking price :)

would someone be able to enlighten me on the rules of holding RNS's. How can someone buy 10% of the share capital without putting out a TR1?

58M sahres = > 10%. If thats the case, our II friends hold more than we think or theres another II involved.

Maybe the FCA are taking a punt before passing the SOA :)

B....l...cks... Back in Auction, I was hoping we'd stat out and keep going up...

Its an interesting quandary, I would normally be one of those profit makers, but with such clear signs of further up movement, and such a small market cap - priced for failure not SOA approval, the upside is for once making any profit taking not a choice I'd currently make, and I am uber cautious normally (A profit is a proft etc.)... might be wrong, but this is suddenly looking like an odds on chance to multibag.

What would be interesting is if more directors bought in @15p. I am just wiating for _traveller so tell me how many more shares are unaccounted for after the close. Also I cannot completely write off JB returning, not necessarily as a board member but as an investor who understands the value in Amigo, and has pot of cash... He could even be using JP Morgan to buy in.....

GLA

Hi Vinson, just shy of 400k from me, delighted to go on the list

All the best

I think he might of sent a cryptic tweet which could be related to him buying - he could be buying a jp Morgan especially if they continue to buy 1% a day . He could just be doing it as a good investment and have no intention to get back on the board

Not as positive as buying some shares would of been. Significant value might not be $220M + 7.5% per year for starters, then theres all the costs associated with maintaining a single well with water cut etc...... And then there's cost of decommissioning...
But I hope its many multiples of that.... and then these costs will be insignificant...... we need this side track to get started...

Thanks for the responses, not really much there to entice me to buy more, especially with other opportunities out there. Fevertree -sorry this has not been a good investment for you - there is still a chance it could come good and bounce back up, I am just beginging to feel that the refinancing if its agreed could be dilution rather than agreeing to a longer period to pay back the bonds... If directors had confidence, they would surely wait for dilution before buying...

Lets wait and see what the next RNS brings, and hope its a rosier picture.

GLA

@$66 and Hur under 4p, if feels like the market is waiting on a placing or something else that is going to negaitvely impact the sales price... With so much revenue from the Well at these prices, its beyond logic we are not on 5p +, and with no director buys (closed period?) no RNS's, why is my confidence twindling?? Lets hope for a late afternoon rally back above 4p

Wow - Bybrook & JP Morgan still adding, Traveller, I think your calculations shuggests more to come?? JP Morgan up to 7% :)

"“Always buy the cheapest house on the most expensive street that you can afford” is good advice for investing in a home.

What’s the equivalent when investing in stocks?"

Anyone think this cryptic message might suggest he is buying back in... cheapest house being cheapest stock, most expensive street being richest company/easy to make money market (i.e. the loan sector post covid)

Just occured to me the 1% increase a day has his "irrovocable" landmark and JP Morgan could be buying for him. Random comment and my theory is probably 99% wrong, but thought I'd mention it...

GLA

Going through, so easy to sell and perhaps some investors expected game changing news today, rather than positivity for the future.... if you look at the volume of sells the price is holding up well, so presumably a background buyer Traveller will tell us about yesterday... When the seller is out I'd expect to see a move back north....

A completerly different company to the uncertain, hesistant, nervous voices of September. I am sticking with this one, no top slicing this time, he is a man with a plan and appears to know how to deal with the business, FCA, courts, II's and dare I say it even PI's!

As a CEO of an FCA regulated company, it has to be said, he is saying all the right things on every level

Now in auction!!

I suspect the reason why funds are buying in is not because they know something we don't, what we know ha probably just been explained to them in much more detail.

We have been told that lending will restart and that a scheme will be creating for customer complaint payouts - if we were able to have an hours of the CEO's time, I suspect he would elaborate on both of these, he might say - The FCA are completely in agreement its the best outcome, he might say we are absolutely going to keep to the timetable on starting relending. And because this is already news we know about, its not deemed as inside information.

I've had a number of these chats over the last few years, you can say things like "I can discuss the scheme because its in the public domain that we are putting a scheme together". So I suspect the CEO has been marketing to II's knowing that this is the best way to push the Share price up. Thus the buys we are seeing. We all know Amigo has an amazing brand, is a market leader in a scetor which is going to boom because of the pandemic, and has almost gone into liquidation because CMC's found a way of justifying ways customer can successfully claim which is why the share price 10p not £2.

All the management team need to do is get over the claims hurdle, and restart lending and the SP will fly. Then there are global ambitions, entering other sectors of the loans market etc. If the conversation with the II's start with, "we are extremely confident the scheme will be sanctioned and that lending will recommence (say March 1st) and here's why" and if the narrative is convincing without giving away any inside information, a complete gamble of an investment becomes a relatively safe one with huge upside.

There could be other theories, a takeover, JB or someone else getting II's to buy on there behalf in order to launch a takeover...

For a PI this is looking really attractive, and I like many other JB's persuaded to invest are perhaps in profit today for the first time in many months.

GLA

I do not see the buys you do Traveller, not sure which platfor you are looking at?

With the level of buying why did we not see a sp rise today, seems unlikely PI's would haqe on mass today to keep the price down. When JB was selling he manaed to keep us mugs buying so the best held up pretty well..... I know we saw big rises last week, but ssurprised the momenut has not continued. Out o f interest have many on this board sold/average downbought today.

I've been contemplating selling some at around 11p as I'd just about be in profit and I am over exposed currently, but then if Bybrook keep buying,.....

I think there alot of problems at Hurr which is why I sold a large chunk last week. I agree POO could be $100 and price would not fly if you cannot increase future reserves or sort out current debt. Whether a larger company would come in and re explore and re evaluate lincoln, warwick and lancaster is a possiblity, but unltimately CPR needs to increase. It could of course decrease as it has on previous updates, but lets hope its positive.