Member Info for largey00

Jimmy,

A number of points you make are assumptions... in all fairness that is a bit of what you do when investing... some are more known (Facts) some are assumptions that you can make in certain circumstance...

so firstly you say you dont think i understand how the this market has been operating... Im not going to share my whole background but safe to say that since working in financial services since 1995 in Retail and Commercial lending... i have a fair grasp... I would never say im the oracle as i always believe you can learn... also you can look at things half empty or half full...

Regarding your points you refer to you must appreciate that Lloyds, Barclays, Santander will review their lending policies (appetite) which will restrict lending (which was the same in the credit crunch and any previous recession) which opens the doors to other lenders to people that wouldn't have needed a company like Amigo previously... that for me is the opportunity! (Glass half full or glass half empty)

If the sector has been torched...
If that is the case then why would the FCA stand in court and give the judge the perception that relending will commence... which is a huge factor for the SOA to be successful... or are you saying the FCA would lie in court?

Another pointless statement from you TF with no facts evidence or merit to the words you put!

Jimmy, you have a very idyllic view on things... the era of lending to people who cant afford to repay is over...

Firstly no lender wants to lend to people that cant afford it... Bad debt is not what any lender wants...
Secondly and to your point in question who will use Amigo (people will go to whoever will accept them for a loan) you are broadbrushing everything as people cant afford it wont make payments then complaints FCA come back in and kill the business... thats like saying that following the pandemic nobody will fly so IAG and RR will go bust... which wont happen either...

Why do people use starling over Barclays, why do people use credit unions over Credit cards etc etc... If amigo get the proposition right, products, and services, market them appropriately for 2022 and manage it effectively monitoring bad debt they will have a business and a profitable business in the future.

Jimmy, you seem to invest a fair amount of time commenting on here with a share that you have little regard for as a company and even more pessimistic view of its future and its market sector... in fact you only ever post on here and Morses club which you have although your focus is certainly more on Amigo... i guess youll get more involved in Morses when the SOA kicks off... Enjoy

Why would they not want to run out before dilution... the more they lend the more they can back up the merits of the RI... the easier it is to raise funds.

Also if they run out they have the knowledge of the merits of the products and opportunity to refine processes/products before major relaunch following RI

For every negative there is a positive!

Here we go... after over a week here is EOTB... although i was expecting his comment to be that he has just top sliced after getting in at 3.5p :) lol

Hedged... and Inky as you are probably the same person...

Hedged stop stating how amazing you are and how correct you are... cant be right im afraid:
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15th June 10:18
Like i said, i like this share below 5p. Was happy when it hit my target.

Patience was key.
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Your post then was in reference to the SP hitting 4.84p the 14th June (the buy price would have been Higher) so as your patience was key did that mean you bought or not? as if so your still not in profit as i type this...

but i guess you will say no you didnt buy as most of your posts are open ended and ambiguous so you can then say how amazing your views are...

utter rubbish and a waste of time

Currently showing 4.78p although buy price is 5.2p so technically im sure red inky can claim his prediction as right... :)

couple more predictions like that redinky you will be almost as good as hedged lol

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

lol love it viking :)

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

That’s ****** Gary doesn’t have Yorkshire terrier :)

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?