The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Must confess it is getting on my pip!
In time - I won’t be surprised if consumers hold retailers accountable for their poor health/wealth – as they ‘apparently fell victim’ to purchasing ‘Buy 1 get 2nd Half Price’ offers etc…
No affordability and health checks from retailers here… Yet retailers can openly coerce millions of consumers every day in spending/consuming more than initially set out - but retailers are not held accountable….
Why is this any different?
If we are caught speeding 100mph, we are punished – yet the garage who supplied the car is not held accountable for providing a car that can break the law - It is expected we all know/understand the law....
The Government I guess have their agenda...
Imo a consumer needs to bear responsibility... It’s called being a grown up…
https://carbuzz.com/news/aston-martin-sacrificed-30-cars-for-mark-wahlbergs-new-film
The FCA (IMO) are likely to still oppose it - they don’t want to promote/encourage other companies to do same/similar.
A judge will not necessarily side with the FCA.
Personally i think the first SOA could have sailed - had the Bod/Dicker managed to prove insolvency as only alternative - which they failed to do when questioned by the Judge.
I am confident this will go through regardless of the FCA. As long as the Bod are seen to have done all they can that is fair to all, prove insolvency - provide evidence of votes in favour - I do not see a reason for a judge not to pass it this time.
GLA
https://www.lse.co.uk/rns/NSF/unaudited-half-year-results-to-30-june-2021-l8g52bd51qftp57.html
NSF are not pressing for a scheme, yet discussions with FCA continue.
Apart from change/s in lending criteria, anyone know what else FCA could be discussing?
(Probably political donations….)
Still (IPO) - a positive outlook
Stevielad66 - I may have missed something in an earlier post, but I am curious about your comment -Re Vinson being unable to post.
Can I ask why you believe Vinson is unable to post?
I understand he has a 3% holding - yet since the TR1 (before court case) he has notably posted several times.
Now posting with subject headings such as - RELAX etc.
Just assume if there was an agreement in place - surely this would have been explained/signed prior TR1...
I may be wrong - but if there was anything in place, I find myself asking - why could Vinson post before - but not now?
Bleeding heart, yes I am human and yes happen to be an employer Jimmy - so my concern for customers/employees is not at all unfamiliar. Not all self obsessed heartless rogues. I merely struggle to understand (what seems to me) an incredibly callous perception.
IMO there is no logical reason/benefit if the Bod fail.
If you are happy for them to fail, please explain what the benefit to anyone would be?
Jimmy56 –
Do you want Amigo/this Bod to fail ?
The welfare of past/present/future claimants/customers/employment - I think is really quite important.
Insolvency = misery for claimants/everyone.
*Creditors receive nothing *Hundreds unemployed *Several thousand desperate for loan – left with higher interest loan/finance companies, maybe resort to stealing, prostitution, drug dealing etc...
Success =part redress, zero redundancies, several thousand left a refined/trusted lender to approach
The redress is what it is – Insolvency will undoubtedly be proved as only alternative in court.
What is the best outcome in your opinion going forward?
I think it’s great the Bod are putting refinements in place, ensuring past lending practice/mistakes do not reoccur.
Hoping they will set a new president.
Companies like DC - do you believe they prioritise ‘their’ people’s welfare? or their own welfare?
What strikes me - if a company like DC had their way – they would ultimately punish those they purport to protect if Amigo fails.
I know everyone has an agenda – I guess the more refined a lender becomes – companies like DC would become obsolete.
Just wondered what your take on this really is?
I can only see good arising (for all) if this survives (which I believe it will).
Depends on news -
Considering there hasn't been any! Suggests games are being played.
Traders hoovering up on all those in fear of missing out.
By Friday, likely to cash in and we could be back to 9p.
On another note - if we get bad news we could see 5p or less.
We could get good news and see 15p
No one knows until we get an update - what worries me, the higher the SP, the higher/longer, dilution/recovery will be.
The bod are not going to approach court like they did last time, so I am urging on the side of caution on this approach.
GLA
Is it anyone's guess as to when we will next hear anything ?
wwwlondonstockexchange.com/news-article/market-news/coinsilium-group-limited-strategic-investment-in-greengage-complete/15126595.
Agree mornington,
@Paul2566
Personally i'd prefer to see this at 100p not 3.5p... : )
Lets just hope CimetrA is awarded emergency authorisation - 3.5p will soon be gone. New contracts with China plus other countries to follow, thus sustaining future growth.
GLA