Member Info for largey00

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 :)

the read across is obvious? what relevance does that have to Amigo? our claims are capped £ now SOA is approved

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

hope you got your buys in below 5p then hedged :)

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.

hedged... your portfolio must be in good health with all of your correct market predictions which makes me wonder why you sit in this chat predicting the bottom price for Amigo all the time :)
come on we cant all be right all the time... sayingh that if im not right ill just lower my price target each time and then say im right :)

hedged... come on mate the other week you was suggesting to buy in below 6p now are you saying below 5p? 4p? 3p? or did you follow your advice and buy below 6p?

I do think some of what you say is good certainly to have a balance (as its typically negative) but to then just throw out this has further to go... dead cat bounce and double bottom its just throwing catchphrases out especially as you know that the new lending RNS is due... if you are out after that then you are likely to miss getting in at the low prices... a RI is needed yes but to support that the BOD need the SP to rise to support this and potential IIs to buy in... if and that is an IF this happens then the SP wont be 5p in my view...
RI to raise £15m = SP of 3p
to raise £70m = SP of 14.78p
otherwise they are raising at premiums or diluting greater than 19:1
the current SP is based on creditor issues being solved but no understanding of future business... this will be next on the RNSs as the company will now turn its attention and focus to shareholders

Can i ask how you come to that figure?

Just out of interest this share hit 30p when SOA 1 was going to court... even Gary said during court that a RI would be required to support new lending and after the court date and before the ruling the SP hit 18-20p

The point that is different in SOA 2 is RI 19:1 and £15m to creditors...
19:1 is almost irrelevant if you are taking the RI up... 19:1 is to tick the FCA stance that shareholders are being hit
£15m on todays share structure = 3.15p

So to me the SP fair value has to be around the 15p which also ties in with the required value to do a RI and raise £70m to support new lending.

Only my views/thoughts and definitely do your own research :)

Bluesky... you are right the RI could be set at anything absolutely anything all you can do is try to join the dots and come to a reasonable conclusion... time will tell as always

Argyle, I agree with your point the SP wont be near what it is today after the RI because even though the RI will generate cash in the balance sheet the business wouldn't be valued at £1.20 per share in old value shareholding (475m shares) that would give a market cap of £570m... so absolutely no chance the SP will be this afterwards

Hence you will need to take part in the RI not to be diluted/in loss

After the RI i would expect:
A sell off as you mention - Profit seeking always happens after a RI
A share consolidation - which will support the SP to get stronger based on the performance of the business

BFC, I agree with what you are saying and personally im working on the basis they want to raise £70m of which £15m will go to the Creditors this then means SP to merit the raise without being at a premium would need to be 14.78p (ish) this would be based on a pretty standard RI which we all know Amigos RI is not standard :)

I know people will say they can raise £180m at 2p... but that is a huge huge ask for a company with no current IIs onboard and is valuing the business at a current SP of 38p... i could well be wrong but id say that is too big a step when they can raise funds like previously through bonds etc

Ultimately everyone needs to do their own research work to their own plans... personally i think with positive RNSs listed below we could see the SP get near the required 14.78p... that for me shows merit in the share now...
Amigo to lend again
New products
potential profit/Risk of product sets

I agree i dont see anything other than 19:1 as a minimum... but we dont know how much they need to raise and at what price the SP will be... thats the deciding factors

Argyle so are you then expecting this to be hitting 38p if you are saying the RI SP is at 2p? and thats without it being discounted

Thats just too difficult to answer... ultimately a business SP is valued on potential value...

We need to understand the following:
Structure of the new products
How will these be sold? Human interaction versus internet (less risk of bad practices for internet sales)
What are the potential Profit Margins/Rates/Impairments
When can Amigo start lending
Will IIs get involved? - If IIs come in this will increase the SP without a doubt and help Amigo in achieving the RI

We know the following:
there is a demand lending now more than ever
They will be able to lend to £35m
Director structure is now in place

Personal opinion - 5.8p is cheap particularly if those questions are answered with positive outlooks...

BFC - that purchase by the director is a share purchase plan... its taken out of his monthly pay but has to be notified to the market... I really wouldnt take anything from this at all it occurs every month... The RNS needed is that the FCA approve Amigo to set up lending again get the launch of the products, Potential Profit Margins etc etc 5.8p is still cheap in context to the business but still has risks although they are reducing at each hurdle...

hedged... in all fairness you said plenty of opportunities to buy under 6p... now your saying under 5p... when it hits 4.9p youll probably say under 4p... then when the price rises youll say i just got in at x before the rise...

surely you took your own advice and bought at the buy under 6p i guess :)

Sorry Bankrupty i dont understand your point regarding 80% of market cap?

Any RNS that states any of the following will create movement
positive statements about the future: FCA approval to lending, new products, expectations of profit anything that states RI will not be for 9months + to allow to understand more of the new business model for investors etc not a full list but anything along those lines...