Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
I'm tempted at this price but I'm concerned with the volume of inventory on the books. Guessing the majority with be "last seasons" stock, so could be worthless? Does anyone have an idea of Asos' asset turnover... how quickly do they get through their stock? Tia
If you can't afford the ri then the number of shares matters Hexam. I'm out for that reason. 1 to 1 means my stake reduces to 50%. 19 to 1 and I'll only own 5%, it would take a while to recover from that... we have been well and truly stitched. Meanwhile Gary claims to turnaround another company... but not in the fashion i was expecting.
I'm just wondering whether we'll see 6p again before the court case and a chance to recover something?!
Said the person trying to get in at sub 80p.
Considering this was 200p less than 12 months ago,this price has to be a buy. It's a safe bet in my opinion if you're willing to hold for 24 months.
If we raise more than we need to, say £500m (6p x 9billion for example) won't the surplus just be sat on the balance sheet, so the market cap would increase by £500m. so i'd end up with 1/20th of something worth 20x more... or have i lost the plot?! The negative is that each dividend would be 1/20th of today, eps would be 1/20th... but at least we'd be earning.
I'm in a similar position as my average is 17p. I've worked out that the 19:1 dilution will mean i have to double down my original investment if they want to issue 9 billion shares at less than 1p to raise £70m... so if i can't afford the rights issue surely i'm better off selling?!
The Equity raise 'must be completed within a year of the sanction of the Scheme by the Court.' So my prediction will be that once the scheme is sanctioned the SP will be much higher. We're still sat in the unknown part of the Amigo story but once the market knows Amigo is here to stay then the value of the company has to increase from here.
So my two options as i see it are to double up now at 6p, or wait until it's sanctioned and back in the 20s paying x4 per share from here with a 60% dilution. hmm
There won't be a dilution. It's just a well thought out ploy to keep the SP down... The FCA noted the "gains" shareholders were making as the SP reached 30p last time. They'd have to ask us to put x10 of our current investment in to get anything meaningful. It's never going to happen.
Agreed Grant, no chance of a dilution.
Even if we have to put up 50% of annual profit which would be £32m based based on Q1 profit of £16m x4... we'd have it paid in 3 years. Still banking £96m profit too, plus new lending.
Well worth the punt which is why I've been here since last summer.. there is a light at the end of the tunnel as long as SOA2 is generous enough.
Another steady day for Amigo. We've seen 20p twice and 30p once since this saga started. We just need to hold tight for round 4.
Just so we understand... Is provee invested in SYME or just prolee?! Can't wait to meet prozee
People like Yuri just don't get it. Our financial position becoming worse because of not lending etc helps our soa2 cause. The FCA are actually helping us by preventing future revenue streams until this is sorted.
If it was a nail in our coffin we'd be below 5p with prolee, but we're not...
You can't have better than expected results and get an soa, as we need to prove insolvency. Accountants can manipulate the results with provisions etc so if soa2 is our plan the books will need to look as bad as possible.
My bet is that we've had the accounts sorted in time and it's the FCA who at the 11th hour haven't signed off. We are not this incompetent but they are. They don't believe we are insolvent but our accounts will say so.
But I am hoping 3prolee is right and so I can top up.