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no problems.. 21st July 22:34
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Anyone loading up at these low prices or is everyone waiting for 2p?
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I just assume you was tired when you posted it lol oh and also even when the SP dropped to 3.5p the buy price would have been higher particularly for any volume... just be honest you was waiting for 2p lol
also i assume your source is saying that the II isnt interested now at these prices lol
For anybody that is using these chat boards and taking guidance from it be very careful and look at peoples previous posts... even mine you will be able to pick out the truth to the bull :)
lol Hedged thats brilliant... well done mate you called it you wanted sub 6p and didnt buy then wanted sub 5p and didnt buy then wanted sub 4p and then wanted sub 3p but obviously didnt wait and bought in between 3.8-4.2p as the current sell price is 5p to have 20% (Min) profit you had to have bought at 4.2p but youre stating 20%+ profit so must be lower... you almost bought at the dip that is great trading you are the real life Gordon Gekko :) Im going to follow you now but im struggling to see when you changed from slating Amigo to saying you bought in???
This was 25th July from you:
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Mtel, i have something positive to say.
I'm hearing a rather large institutional investor wants to get in but only once the price is below 2.5p.
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Makes me think i smell Bull S*!t lol
Jimmy and TF... lets be honest you two have certain agendas to push and that is fine...
if Amigo is raising £70m and that equates to 15p per share as you stated and there are no IIs in place with large volumes to push the deal through why would the BoD even attempt to do it? unless it was excessively lucrative to current shareholders it really doesnt make sense particularly with the SP below 5p... they have already mentioned gearing so your speculation is no better placed than the slating that you have given to Stevielad who does actually have a fair point regarding the FCA in general not just to Amigo... dont get me wrong Amigo cast their own downfall but that was previous directors... even people within the FCA are saying its not fit for purpose... they just follow the ambulance chasers about... they should be ahead of them!!
yes it is buying at least 19 shares for every 1 share you hold...
The big question is at what price do you buy them at? nobody knows what that price will be and if they say they do then they are full of crap
you can apply some basics to it... for example we know that amigo need as a minimum £15m to be raised if you take the amount of shares in amigo currently 475m multiply by 03.16p = £15m this means that Amigo need the SP to be above 3.16p for them to offer a discount on the RI ultimately make it lucrative to investors to stump up the cash, if the SP is below 3.16p then they are effectively doing the RI at a premium asking us to buy shares at a higher price than they are listed at (Why would you do this?)... the 19:1 is just a dilution which means you take the 3.16p divide that by 19 = 0.16p per new issue share.
We dont know for sure, the following points:
How much they need to raise
What the Share Price of the RI will be
We do know:
Gary Jennison only has Private investors involved at the moment and he has stated that they know they need to make it attractive and cheap for investors to take up the RI
The only other way is to get IIs onboard which in turn will increase SP
Just my ramblings :) DYOR and dont listen to people that say take your holding value today and multiply that by 19 to get the value of how much you need to stump up in the RI because that is utter rubbish
absolutely true Rumandpoker... it all depends on how you look at it... glass half empty (bearish/Negative) glass half full (Bullish/Positive)
you can always see how peoples views are and how they like to influence the discussion... and often will say all my predictions have been right... if you are vague enough you can make any prediction right :)
Just to be clear the FCA have agreed that Amigo could restart lending if they meet certain criteria one of which is the NBS scheme being sanctioned by court but the remaining points
i. the New Business Scheme being sanctioned by the court (which occurred on 26 May 2022); FCA Satisfied
ii. the FCA being satisfied that the Firm meets certain threshold conditions set by the FCA;
iii. outcomes testing of the Firm's new lending system being completed to the satisfaction of the FCA; and
iv. dealing with, to the FCA's satisfaction, any other issues that may arise.
I would assume with the launch of the new rewardrate they must be doing outcomes testing at the moment, otherwise why would amigo lauch rewardrate if they didnt meet threshold conditions.
As i always say this is speculation and only my thoughts always DYOR :)
For that to happen will they rely on Private Investors to vote for it or get IIs onboard to support the RI? My view is they will... with that comes the rise in SP and also i think £70m which they really need the SP to be 15p otherwise they are raising at a premium which is even harder to do without IIs onboard... pure speculation but thats my thinking
Yuri, that is pure speculation what you have put...
The equity raise doesnt need to happen until within 12 months of the SOA being approved
Relending is due within 9months of SOA being approved
So personally i think you have your order incorrectly placed for personal motives
Stinky why would you want the subscription if your so god dam negative all the time… your wife/husband/partner must love it when you get home :)
So you think this is still going south when you’ve been shouting 4p incoming but now it’s 4.7p you’re shouting this is going further south lol… so I’m interested what is your buy price set at?
as expected... im not sure what the non descript statement is meant for? is it the fact at 12:30 the chart shows it hit 4.8p or the fact the day range shows 5-5.25p
If you keep your statements vague then you can always make them right to anything in the future... I still dont see no buys below 5p... the chart may show it dipped 4.8p but id love it if someone could show me a purchase today below 5p... Because if you could id of bought more :)
It is Hedged... just as much as 6p is depends on if you look at it half full or half empty... with the future more secure with SOA in place id look at it half full... there is far more potential than there is risk... I know the next point you and Stinky will say is 19:1 but that doesnt matter if you take the options up
Red_Inky 3 of your last 4 posts have been stating 4p incoming lol if you look at the charts technically we have hit 4p I wonder if you actually picked any up??? because the SP to Buy would have been higher than 4p and the fact that the SP hit it for a minute if that would make it impossible even if you could of got a trade at it... you and the truthfactory are very similar :)
All i would say is if it does hit 4p... Ill buy more :)
Still time for 6p as well...
also Hedged... you definitely got one of your predictions wrong saying a lot of angry little men here... Im 6ft 3 and not angry either... you must be losing your touch ;)
I honestly hope you managed to buy under 5p as already stated by others the buy was still above 5p... although buying at 5.2p is still good considering the SO is in place
also for example Investing.com shows Amigo with a day range of 4.7p - 5.5p but trying to get any buys through at anywhere near that low is impossible even the trades shown on lse are pretty much all below £1k so its small change in relation to the sp
Hedged, I didnt think you would have difficulty reading the SP ;) sorry couldnt resist...
Amigos sp is best taken by getting quotes as the sp is frequently different to what is quoted on LSE/Yahoo/Investing even with the 10-15min delay, also the spread is crazy big at the moment and has been for weeks which is reducing potential short term (day) trading.