Member Info for lloydyboy

Why people want this at 5p. It’s worth 15p

Exactly Vinson. Exactly.

No it shouldn’t have even come up until soa was sorted

Agreed truthfacotry and the bonus at 40p, regardless of being in three years time was too low.

Just shared this. 30/9/20 securitisation was £168m, 31/12/20 it was £112m so in 3 months that’s £56m paid off or £18.6m a month. With this in mind could be clear by month end regardless. Interesting

There you go Jimmy- see this post for shareholder loss in value

There is another way with this. To give 100% on approved claims over a fixed period. To get rid of the **** claims then the fca could stipulate that if the fos find the claim to be fraudulent then the claimant has to pay the FOS fee.

Not what they said in the court hearing yuri.

Correct mouse, but if the fca feel the deal is fair they will provide correspondence to say they won’t challenge it. That is crucial before the deal goes to claimants in my opinion.

Of course it is a risk, thus why the share price is 7p again. But for me it represents enough upside to be positive of the situation. In relation to RBC I hope this sheds some light. It also creates a valid reason to delay the financials in my opinion.

announced in November 2020 the extension of the securitisation facility performance trigger waiver period to 25 June 2021. In our Q3 statement in February 2021, we gave an outstanding balance for the securitisation as at end December 2020 of £112.2m and noted that all cash generation arising from customer loans held within the securitisation facility will continue to be used during the waiver period extension to further reduce the outstanding balance, which has therefore been significantly reduced since that time. The end of the waiver on 25 June would imply a continuation of that paying down of the facility. Once the senior notes within the securitisation facility are repaid, the remaining cash flows from the securitised assets will be used to repay the subordinated loan. Amigo Loans Ltd, provides the subordinated funding and therefore the residual cash flows will ultimately be retained within the Amigo Group.

Ok Mark. Fair enough. So in light of SOA mk1 with all the new found info... do you think that amigo are better positioned to make the most of SOA mk2?

If the FCA came back with the letter to say they are in agreement/ not challenging, would your view change?

I look at this in a different way. I feel that amigo is now better positioned to actually get an SO away. They have a road map, this must have been looked at on the day of the verdict. The insolvency option must have been viewed well before the verdict. Whilst I appreciate people feel unhappy currently. I think the future is considerably brighter than previous. That is if they even go for a new SOA. Shareholders have been punished enough and I would like to think that the fca will be pragmatic on this as the only people that are really hurting are those that sold out in the last three/ four sessions. Who weirdly enough could have got 30p on their £.

Also if a new scheme is announced with what the company has been through I feel the sp will be back to 20p plus. If not higher. Based on the fact they are better suited to get it through.

With all the negativity, now is not the time to sell if you invested to see the company lending again.

Well if you are reading language. Without a scheme- last week it was this scheme or insolvency. To achieve a solution as quickly as it can.... These boards are shocking when the sp is red.

MIC were selling our before the hearing. So Mark, I have to question your motives. I’m all for averaging down but to turn your posting narrative to support your cause is a little low.

Yes that is exactly what Gary said you nimrod. "Without a scheme, Amigo faces insolvency as it will be unable to satisfy its customer compensation claims as well as meeting the legally binding funding obligations owed to its secured creditors. The Board is committed to finding the best solution it can for Amigo's customers and other stakeholders and will be working with its stakeholders, including the FCA, to achieve that solution as quickly as it can."

If it gets to 1p I will buy 3%. The main point is none of the board have left. They could have called insolvency today, they didn’t. Please tel me how amigo is any worse off than it was 12 months ago?

Changed your tune from the 28th. Make your mind up.

Agreed.

Level of buys vs sells suggest that there is a seller and there is. Hopefully the last day.

announced in November 2020 the extension of the securitisation facility performance trigger waiver period to 25 June 2021. In our Q3 statement in February 2021, we gave an outstanding balance for the securitisation as at end December 2020 of £112.2m and noted that all cash generation arising from customer loans held within the securitisation facility will continue to be used during the waiver period extension to further reduce the outstanding balance, which has therefore been significantly reduced since that time. The end of the waiver on 25 June would imply a continuation of that paying down of the facility. Once the senior notes within the securitisation facility are repaid, the remaining cash flows from the securitised assets will be used to repay the subordinated loan. Amigo Loans Ltd, provides the subordinated funding and therefore the residual cash flows will ultimately be retained within the Amigo Group.

If Insolvency was the only real final outcome, why not appeal???? Buckle in for round two.