Member Info for JWD79

Telegraph article doesn't offer anything new, just reiterates what we already know.
Amigo continues to work on every angle, which includes contingency planning.
Looks incredibly promising - they are evidently preparing themselves 'Properly' for court this time.
GLA

An assassin that likes to wear Tinsel

Honewood - We are far better placed in getting an SOA through now - then we were in the first instance

Honewood… advice?
A few posts ago - you were advising everyone to hold for 4/5 years as this will come good now advising everyone to sell because you have the jitters…. Jog on

50p by end of this year...
Loving the optimism but I don't see a sustainable 50p + until all is resolved with creditors - which will take a small number of years IMO

I am sure a certain Precum was bragging he had placed a small 20k into SYME the other day...
Which has since become a falling knife....
I dread to think how much he is down....
Looks like it will keep falling to me....
Wonder if he’s bored of watching it go down?...
When it gets really low I may join in and buy some....
Bet he wishes he sold now....
We’ll all be buying in at bigger discounts tomorrow….

Mustn't forget.......

SYME = TIMBERRRRRRRRRR…….. : -)

I believe we should have an update/disclosure within 30 days from last Thursday

https://m.youtube.com/watch?v=eSrlOQu8bPY

@Yuri.Wtaf??? Are you smoking Hemp?

@Jimmy56
Affordability check – Regardless of this - to consider every application/claim etc ever made ‘bonafide’ I feel is naïve.
Yes I have noted both – however keeping 15% of profits in place until valid claims are met by balance adjustments / payments, surely would suffice – therefore not affecting shareholders.
What annoys me – a staggering 36% of the redress allocation - lines cmcs pockets.
If shareholders are expected to take a haircut, so should cmcs.

@ Barrdann - Glowing accounts, these would not help their insolvency plea, so not expecting anything great - in turn a negative outcome will cause negative press, resulting in some panic selling.
Redress - I am hoping their 15% profit compensation pool is increased from 4 years, until every case is settled.
Redress could well be reduced at a later date - I suspect a number who are claiming, may have told a white lie to obtain their loan.
So if Amigo presented claimants with a reduced redress offer, or face investigation (if found to be lying, may result in their claim becoming null and void). Or if an investigation was time consuming - then I believe most would accept the reduced redress offer, if not from fear, but a quicker pay out.
Interesting times ahead
GLA

March, (prior to BOTH court hearings) we were floating around 15p.
Most (back then) perhaps invested assuming success / administration as a 50/50 given.
When evaluating our position now – administration is incredibly unlikely – The Bod/FCA etc, all working closely together to ensure a successful outcome - for all customers owed redress, future customers (combating the fight against loan sharks) and to secure ongoing employment.
Considering -
Waivers extended – For this to occur, a solution from Amigo would have been presented - or the plug would have been pulled.
Newly FCA approved senior recruits.
GREEN LIGHT – Knowing what the FCA/ Judge require for SOA approval - The fact Bod have confirmed they are working towards a revised SOA – Confirms they have seen a way to appease the FCA/Judge/Customers and a way back to lending.
Also working / considering redress timing, thus working towards an alternative to share dilution. There are so many LTH’s that have lost several thousands – I do not believe share holders should be diluted, nor do I believe they will be.
Thursday’s news – we know/expect to be bad – thus creating a short-lived dip - as a few panic sell.
On the flip – this will create the top up/buying opportunity/frenzy that I am sure many are waiting for.
I suspect a quick bounce above 10p to soon follow.
IMO - It is only a matter of time before people begin putting pieces of the puzzle together – and start throwing their appliances / kitchen sinks at this.
We have all the ammunition to get this through and back to lending.
Following Thursday – I really don’t see this being as low again - wouldn’t be at all surprised to see this in and around 15p by Friday/Monday.
DYOR
GLA

Certainly has - I expect a poor set of accounts and minimal news next week. They will be keeping as much as they can under hat for as long as they can - until everything is 100% water tight. I think September will be an exciting month.

Signal RNS on its way ?

https://polaris.brighterir.com/public/amigo_loans/news/rns/story/xez7eox

The accounts will have had to have been promising in order to gain the financial backing they have - waivers extended etc etc... Why would anyone stay invested/interested in a company if the accounts were shot.... They wouldn't.... it would have gone straight into insolvency.
If your pleading insolvency as an only alternative - you would show your hand.
They didn't - which to me, suggests accounts were healthy - I say 'were'.... I suspect the delay has granted them time to re engineer a few figures to assist the next attempt.
It will come good in the end - no one has anything to benefit from this going under.
All IMO

To be fair to the creditors/FCA the vote presented by Amigo was nothing short of an ultimatum - this or nothing.
It was a poor effort

The FCA laid their cards on the table at the last hearing - Judge highlighted the FCA must work with them.
No doubt for me this will get through. I doubt there will be the need for any share dilution either as the accounts I'm quite sure will paint a better picture.

Surprised Prolee isn’t mentioned

Hen pecking at the Bod... Pathetic!