Member Info for Kozz

In line is subjective Gabriel, that’s the exact argument JB had, these loans were in line, then the goal posts moved.

Spot on Seamus

Gabriel, not sure how you relate loans with complaints, apart from that the process around affordability checks needs to be proved to be in line with FCAs guidance.
IMO Complaints increased because amigo weren’t challenging them, and once CMCs saw that. The CMCs also bear no cost for any complaints moving through to FOS, were the FCAs guidance / policing is weak and appear limited to disapproval as CMCs also need FCA regulation.

Ouch!!! It’s all about timing Regulator, and without some early bird knowledge news, that’s just mostly luck.

Not a day trader but decided to get back in - 268p having sold before at 310p Now to try and forget about this for a year LOL. Once bad news is addressed and subsidies the fundamentals here are strong. It may swing but I can’t see this being so low in 12 months.

It’s rare to see operational updates pushed out in advance to issue bad news, bad news is more typically delayed while the directors craft the message. Hence I think next week will be good news for us, or at worst mixed with issues around pandemic. Happy to be in and holding.

At BB and Nookie, I am more of a long term holder where I buy a stock and forget about it, but I can ignore a quick rise of a stock with a high degree of risk to go down. That said I really believe there will be more opportunities in Alba before long.

I sold up around 2-3 weeks back having made 32%, was nervous despite seeing equipment ordered and all the positive news, it was and still is exploration. If they do strike gold then boom, and if the SP continues to drop, and/or some insiders make a big buy, I will jump back in but for now this is on my radar and my fingers are crossed.

In which case - the guarantor could borrow at the lower rate and have the liability risk.

Tibbs - any org willing to loan to high risk borrowers for low rates would not be worth investing in. That would be more like a charity, even Bank overdrafts sit around 40-50% these days. Ethical yes if the applicant needs credit and doesn’t have many options and is properly vetted for affordability along with the guarantor. I’d say its less ethical for borrows to lie on applications for a loan, but that where checks need to be made as many of these folks make desperate and vulnerable. Sadly!!!

I disagree tibs- yes they have issues, many self inflicted by old BoD, some by infighting 1% daily sell off, some due to COVID etc etc, the highest risk remains complaints and once proved to be managed FCA/FOS support to enable re-lending. With that in mind, we don’t see insiders selling off their stake, not even GC and we have seen more buys. Not to say it won’t happen but unless it does, I am in for the ride and it has sure been bumpy so far.

Re lending (not resending LOL)

Well IMHO the RNS was a blow, but understandable given FCA need to show cooperation, there is usually sunshine after rain, so personally hoping that the next RNS is for resending. I am holding, win or bust.

Seems well managed I’d buy in but that spread 20% sucks

They won’t be free, if the conditional offer is made, we get the option to buy 1 share at the discounted price for every 37 held.

Your broker should send you a corporate action to decide to buy or not ...

Just averaged up - I hardly ever do that. If sng succeeds in phase 3, this will be life changing, financially for us and for Covid sufferers. In my not so humble opinion.

Took a small slice following the money, wonder if the deal around talk talk is related as did well on that, and this feels at least similar. .

Interesting to see RNS with institutional interest. If Dunstone gets stock for stock, plus a healthy bonus for transition, and he and some of the talk BoD either stay on, while others get parachute payments, this offer may well fly aw is. That said I am hoping for a good top up to this.

Poker chips , as I read it this is not offered in the USA.