Member Info for largey00

Can we just remember the FCA are the regulator... they ensure Firms are operating within fit and proper guidance... they can impose fines but can't tell companies to do RIs

Amigo is not RR or IAG who have significantly different Market Caps and stock holders so really shouldn't be used as comparisons to Amigo and its SOA.

My last point would be Shareholders are without Dividends and potentially giving up 15% of profits to fund the SOA... is this not Shareholders digging deep...

great minds thaw ;)

09:05 on here https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P0001DWW4%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001DWW4&ClientFund=0&CurrencyId=BAS

The FSCS scheme is only for companies that have gone bust
The £800 for FOS is to cover the running cost for FOS to deal with the case

Get in there... good on you Vinson :)

He said the following:
22nd Feb
I have bought circa 3m AMGO at 10p and expect to double or treble my dough by 30th June 2021.

9th March
Keep feeding at under 20p

29th March
Still a buy at under 20p.

I think MIC do own 16%... but can't be bothered to check through the RNS's :)

Seriously Toppy what's your beef?

Surely if you are on this board you have some interest in the share which is the purpose of the BB... it just seems your posts aren't anyway relevant to Amigo and are more based on personal attacks...

I agree with Gruntie, I wouldn't bother with DC nothing you say will get her to change her view which is fundamentally wrong.

There is no way that she can state Pence per Pound due to the 15% of future profits.
Secondly who is going to go do you know what Ill have a look at DC website to see what she says... they will look at Martin Lewis not DC
Thirdly all I would say is if it is something significantly wrong send/report it to Amigo and they will get her to take it down they have with a fair few things already...

Come on Paddy 78p seriously ????

Now I’m really interested in understanding your analysis as to how you have decided 78p

That’s a 23% drop in 3 days... now I’m not saying this isn’t possible but I’d rather take the chances that it won’t

Also... just another point why are we worrying about trustpilot?
If you got a letter or email saying you are entitled to vote would you look at trust pilot to see how you should vote? I wouldn’t.

I will send Amigo an email for them to check trust pilot and get any inaccurate posts or posts that shouldn’t be on trust pilot removed.

Now is a time as an investor to be a bit humble and state that Amigo is wanting to support their customers through the tough times ahead after COVID and the scheme will enable them to do this and pay compensation to all successful complaints.

Anybody putting % of what they will get are 100% wrong as it is not possible to work that out yet until we know how much profits will be.

I agree with you clintek.
By engaging with no voters and DC ultimately it’s giving more publicity to their posts... I should imagine 80% of the clicks onto DCs website have come from this chat, the more clicks she gets the higher on the google list she will appear for people searching for amigo scheme...

If you see posts on Twitter or trust pilot that are factually incorrect or misleading raise them to Amigo and they will get them removed in the right manner I’m impressed that today they have been responding to any negative tweets...
I have faith in GJ and the board to ensure they market the scheme appropriately giving everybody the information they need to make a rationale decision... by no means is this a dead cert nothing is but I do think the vast majority will approve the scheme.

sorry for the short answer but... No

I feel the point that is being raised about MPs wanting to ask questions of the FCA is broader than specifics of Amigo as the article referred to the Woodford failing as well... ultimately what is the FCA for and how does it regulate for customers and investors.

Keep calm...

I have to say I rarely come on here now because of the poor deramping that happens when it’s a red day...

Don’t get me wrong I’m keen to learn from others and people that have different views that back it up with rational but when people come on and say 30p in a weeks time which now appears to be I see 90p by Friday with no substance to it really starts to devalue the BB here...

I have learnt the hard way I let this board influence me once into selling... it was the worse decision and I have now just got myself back to the same position thankfully after a lot of trading... but the big learn is trust your own instincts don’t let others influence you work with facts and you will be fine.

I’m not sure why people spend their time slating a company they don’t own shares in... unless they are shorting then there is the motivation for them and your motivation not to listen...

Sorry for the lengthy message but it gets right on
My...

mokey not money :)

Franky,

I think Money copy and pasted Timmys post... its not Money saying 1p

mmmm.... I think we can play on words here because I agree the FCA will consider what campaigners are saying however, they are the regulator for the Financial Services sector they won't just do what campaigners say as that means they aren't regulating they are just being run by campaigners and what's to say a campaigner is right?

They have to balance what is the best and fair outcome for customers and businesses.
Everyone has their own opinion of companies like Amigo however they play a huge part in supporting the British public that don't meet the typical mainstream finance solutions.

They may also want to consider what CMCs role is and how they support the industry and customers.

Remember that the woolard review provided guidance that companies that support financial solutions that don't meet customers needs that can't get mainstream finance have a key part to play. The review focused on Buy now pay later schemes not companies like Amigo.

Rooboy,
I can't see that they can allow the vote to be for only present customers. the FCA is wanting the SOA to be based on fair outcomes for all complainants existing or old so I really can't see that being allowed. the question may be on weighting of votes who's votes carry most weight for example a customer that has had 3 top ups compared to a customer with1 loan never topped up.

this I think will be covered by the skilled person review which we should have some output before the court date I would say

Timmy,
Are you saying the FCA will be forced to say no? if so why?

The FCA is the regulator who will force them to say no to the SOA?

Im interested in your view on this MOD what's your reasoning for this statement?