Member Info for Jonno41

If the complaints are manageable and being managed, and there is positive news on lending restarting in the new year, plus positive cadhflow then I agree it will fly.

Difficult to see how many good board members would risk their reputation to join a company about announce a catastrophe.

Actually a few big buys..... So could be a small leak (don't tell anyone but buy £10K Amigo and thank me later)

I think is a fair comment! If there was we'd see a rise/drop

The omly slight nervousness arounfd that comment is last time it went up 30% the RNS in morning took it down 50%.... that well in the past though,... no more bad news.... oneward and upward

Exactly Xel123. I think my experince of how valuable finance brands are why I became excited by this.

We all get the complaints and mess Amigo are in because of them, and we'll find out on the 26th if they are able to cope with them and move forward. If they are, this share will fly. If not, a whole other story.

GLA

Not sure you understand how material 150K visits a month is. Loan providers pay £100's for lead alone. This amount of traffic would mitigate the need for any large affiliate payouts which make the Amigo brand extremely valueable on traffic alone.

I am dead keen to buy in for a 0.5 to 0.7 trade... just need the 0.5....... This week hopefully?

Not sure if anyone has looked at this, but Amigo get alot of free Google Organic traffic to their website - close to 150K a month.

Ift dropped a bit this month which might be a good sign as less people complaining, but it suggests that once we start lending again, we should see a high amount of loans being made with low acuqistion costs.

GLA

Shorts closing, leak, or strange buying based on oil price.... hopefully all 3! 4's looking like an absolute certainty!

I think we have the same av. the problem I find is when it gets back to your average, its been a huge waste of time if you sell but you do get your money back. I bought in hear not expecting the huge resources downgrade - started off with a small holding and averged down so many times it now quite large. So selling at 4.5 - 5p would get me a nice return. But selling @ .3.7 will not....

But the problem is, the SP has gone up from 2.3p - 3.6p on no news so the chance of it going back down again is quite high...

So what does one do??? Pontificat on these boards, and then probably not sell, and regret it in a months time...

Sigh

I think they said at the AGM that the latest reserves numbers was the worst scenario. There must be a chance for further testing to show more reserves. I just do not know enough about this to know how likely a reserves upgrade is so soon after a downgrade....

Frustrating to the SP not @4p + seeing all these purcahses going through. I wonder if there is a background seller keeping the price down? Hopefully not, and the we are about to spring into the 4's and beyond :)

I agree of most of the below. I gave up and sold at a breakeven a few months ago. I reached out to AB on many occasions, but as so many of you have already said - good assets but terrible management of the sp by blocking rises with warrants and dilution. AB is 100% running this as a lifestyle company, and has done so with our funds.... Its pretty much a disgrace.

What not everyone will remember, but surely one of his biggest mistake, was not just investing in Elelphant Oil but paying for his investment in RRR shares which were immediately sold on the markets taking I believe something like 60% away from the the SP in a matter of weeks. When I asked him, he admitted the agreeement had not stipulated any clauses around selling the shares and he regretted that.. Come on AB you are a lawyer, that clause should be boiler plate.....

That to me as a shareholder was the the most abhorrent of them all.... especially when the investment came to nothing... sure, AB has made some good investments, but what should of been done when he received big dividends from SA was not buy ****ty Steemin, but performed a large share buyback giving long and short term holder the ability to gain value from their investment. But instead he didn't and has subsequently diluted again and again and again .... no business plan, no clue, just a huge pension and pots of money ....... still i would buy back in @ 0.4p becuase as long as you know when to buy and know when to sell there is still money to be made...

Aprt from the fact the stock is undervalued does anyone know what is driving this nice rise. Is someone slowly buying a stake or is this because the oil price has bounced and various funds dip and and out of oil producing stock depending on the oil price.

I assume news (which may not be good) will be forthcoming before the end of the year. This could lead to a resources upgrade or a water injection plan..... I wond how much our friends at Crystal are being told - hopefully no more than us!

Agreed. Although I would buy in if it goes south of 0.5p. On the positive, imagine if the Kenya announcement had been 6 months ago when the price was 0.3. At least now, it the prce drops again newslow could pull it back up.

Helpful, please tell me you are not asking your friend to buy these shares after the last announcements. Have you added up the barriers in warrants and dilution for this share to rise, and you have heard of YA and their reputations as lenders of the last resort??

I sold @ .8 ish aquite a while ago, could of waited and got 1p but happy with my profit.

I will be tempted to buyback if it gets to around 0.5p and then again if it drop to 0.4p.

Howver if it goes up, well done all holders... I think even MR Magic will tell you Kenya is a good asset and if its proven there could be a hug farm in, but whether it will ever be enough to pyback all those warrants etc. lord alone knows.
At least we can sleep well knowing Mr Bell will as always be having a lavish Christmas....

GLA

Shiper - I did, but they did not respond... yes.. lets see if we have a form in the next week

Woud have rathered an Actuary to a chartered accountant, but trust me when I say risk selection is probably the most important factor in getting this up and running successfully again.

Demographics will tell you alot about the likelihood of a non repayment, propensity to complain, to use a CDC etc. It's not just about not offering loans to higher risk clients (I know they are all high risk), but by understanding the data, you can select you ideal clients and target them through online marketing...

Saying that, I am not sure Amigo are yet that on the ball, there is not even a lead form when you click on the apply button, this is unforgiveable. They will spend millions next year on paid advertising and buying leads, yet right not potential clients are visiting their website and they are not taking their details so they can call them back when lending starts.

Schoolboy error IMO.

DYOR

Good luck all

Why is no one talking about this rns. I am no longer invested and cannot figure out whether the dilution is worth the asset? Up or down today?