Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
No one likes a grass Jimmy. Not that anyone liked you before mind.
I'd go with it being a poor choice of words over insider trading. I did miss his comment though so cheers for highlighting... imagine if it is true!!!
Cheers bigbadbob. so the share price factors in the future which is x10 revenue etc. fair play, so the value makes sense on that basis.
Not sure what Wolster's angle is, no ramping or deramping just a few questions answered. I'll leave you lot to print money.
Jimmy, Amigo today isn't the same as Amigo 2005-2020. We want everyone who has been wrongly lent money since the beginning to request compensation for the mistakes Amigo 1 made... by voting yes. They all should get something.
And then Amigo 2.0 can move on...
12m people needing access to finance, all wanting to get involved in the roaring 20s...
Should be a fair decade for Amigo 2 if all goes well.
No wonder... can't be many companies capable of making more profit in a quarter than its market cap. Just need every guarantor who wants something over nothing to vote yes, then we'll be flying.
The lack of choice on the UK high street should hopefully push more custom towards Ted once the shops reopen, as long a people are willing to pay slightly more for a better product.
Fingers crossed online revenue has improved and we can makes some positive steps on both fronts.
£90m via a placing, if I remember rightly. Everyone invested here knows the risks/rewards. Good luck if you're holding.
Thanks for the link. After listening to that i'm reassured that those making a claim will vote to receive something. Historic customers will probably also welcome a little bonus even if it's only 10p in the £1. The majority of guarantors will say 'something is better than nothing, and i want some money back!'. People expecting a higher payout are more likely to vote yes and the vote is weighted to the £.
I was also considering selling half but i feel the odds are definitely in our favor. What a roller coaster!!
Bob, even if the FCA approve the customers have the final say when they vote. I'll be a shareholder until May (and beyond) but I could do with some reassurances on what trainguy, who had a loan in 2006 will do... probably throw the letter in the bin. The board bought last year knowing that this was the path Amgo would take...
to start with i'm an accountant (CIMA) and this calc wouldn't pass me any exams - i bought in after looking at the financials and the business model, which are great if we had a solid lending process which everyone couldn't claim against... I hate CMCs.
The odds of this scheme succeeding are just less than even money (without thinking about who will/won't vote). Compared to the potential sp when amigo 2.0 kicks in - 3/1 (20p/6.5p). So for me it's worth the risk.
I've been in since the summer and i'm not leaving. The only bit that concerns me is that our future is in the hands of all customers since 2005... Can we trust them to keep Amigo alive? I would have made the 10% example more like 30% too, to dangle a bigger carrot. Maybe they think most people who would be a 'no' won't vote.
Taken from https://www.amigoscheme.co.uk/...
Every creditor of SchemeCo affected by the Scheme has the right to cast its vote at (or before, via the online voting portal at amigoscheme.co.uk) the Creditors' Meeting. The Scheme will not go ahead unless:
a) a majority (i.e. more than 50%) of the creditors who vote at the Creditors' Meeting vote in favour of the Scheme; and
b) those creditors who vote in favour of the Scheme, hold 75% or more of the value of all the creditors that vote.
I'm playing this like a hand of poker... what's the odds of you hitting your hand against the pot odds. For me the odds say that i should play on. It's going to be a long few months.