The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
yeah would be nice to still have the 38k here lol but hindsight is a wonderful thing, still profit is profit, i held amigo over the weekend so learnt a lesson there lol.
Only bought hemo last monday so happy with that return, felt it was getting a little quiet here which is when i like to buy
Good morning gents, i see we are blue, i imagine we should see 15p today easy enough on FOMO alone, if JB drops a news grenade then i change my guess for the day to anywhere between 9p and 20p lol
Too risky for the longterm here for me, im happy jumping in at 5 and out at 6 a few times instead
£12k at 5p thank you very much lol nice to be back aboard after a successful trade before
Trading AIM is very risky full stop lol friday i was 68k in profit on amigo, i held for news and took a 40k hit yesterday, it has recovered today somewhat and i still hold but imagine if i had sold out friday, everyone would of said how risky that was...... i'd be 40k richer though lol
Sometimes you get it right, sometimes you get it wrong. But even if an rns drops now and these multibags in a heartbeat i will still go home happy that iv made 8k today
GL ALL
At the end of the day i have traded hemo 4 times now and made a lot of money in doing so, yes doing it this way means i might miss out on big news but it also limits my risk to bad news, we all have our own methods but as long as we all make money then whats the issue right?
Had this gone up 4% today i would of held but a 20% rise of pure momentum seems like a safe selling point to me, like i said if it drops to a level i am happy with i will buy back as i know news is due, but too many times this has gone up and come straight back down, like a couple of weeks ago on the college rns it shot up 16% and then finished flat, you cant tell me you wouldnt of wished youd sold at the spike and bought back flat
Lol why am i getting crap for selling and taking an 8 grand profit on a share i bought last week.
It might go up, it might go down, but todays rise was based on nothing so im happy to take the risk.
Whoever it was that said they hope it rockets and makes me feel sick, you need to take a look at yourself in the mirror you bitter little turd lol
Profit is profit at the end of the day and nobody went broke banking 8k, i wish you all the best and if i get a buy below 11p i shall be back
You guys all loved the rise end of last week off the back of amigo's sentiment, so you gotta bare with the fall for the same reason i am afraid, plus rampers been all over this
Well well well what a day, regret not selling friday and buying back at this discount price but hey ho, still so much to unfold here going to be a rollercoaster week for sure.
I think tomorrow will be a further drop of 8-12% if we dont have any news ans possibly a small drop the day after.
Once JB announces the next move and gets below 10% on thursday then i think the tide will turn, i cant be bothered to sell out and try and get back in cheaper now because i would cry if i missed some news and a big jump, this was always going to be a medium to long term hold anyway so although a dissapointing day i am still up.
I’m expecting a drop back to around 12p but a strong rally for the rest of the week.
The rns response didnt surprise me but the bit about glen not wanting him back did i thought they were better aligned than that
Response to social media speculation
The Board of Amigo has noted the blog statement made by James Benamor after hours on 21 August 2020, in which he sets out his views on, and proposals for, the future conduct of Amigo's business and operations. The Board further notes that Mr Benamor's proposals were not released through a Regulated Information Service (a link to the blog statement is here).
Whilst the Board feels no compulsion to respond to Mr Benamor within his requested timescale, it is concerned to avoid any further unnecessary market uncertainty and therefore wishes to make its position clear without delay.
The Board agrees with Mr Benamor that Amigo continues to face significant challenges to its ongoing operations. It also agrees that the reappointment of Glen Crawford as CEO of Amigo is a critical step for the business in navigating through the issues we face and returning Amigo to full health as quickly as possible. Mr Crawford has been engaged with the business since 1 August 2020 as CEO designate, pending Financial Conduct Authority ("FCA") authorisation to take up his functional responsibilities as CEO and a member of the Board.
The Board, which now includes Jonathan Roe, as Chairman designate, and Gary Jennison who both joined as Non-Executive Directors earlier this month, is unanimously of the view that Glen Crawford remains critical to turning around the fortunes of the business.
Mr Crawford and the Board are aligned in their view that Amigo must, as a first step, focus on resolving customer complaints in a fair and legal way, and that it should do so by working constructively with the FCA and the Financial Ombudsman Service, while at the same time fulfilling its obligations to the Company's other stakeholders.
The Board agrees with Mr Benamor that Amigo fulfils an important role in meeting the needs of customers who require our help and are otherwise excluded from obtaining credit in the regulated market and, therefore, are equally aligned in our commitment to the UK market and to returning the business to active lending, as soon the Board deems it appropriate to do so.
Mr Crawford has made it clear to the Board that he is not prepared to work with Amigo in any circumstances where Mr Benamor returns to Amigo's governance structure in a position of influence, and that Mr Crawford's decision to return as CEO was predicated on the clear statement from Mr Benamor that he was selling down Richmond Group Limited's controlling shareholding in Amigo to a position of zero.
In the event that Mr Benamor elects to requisition a general meeting for shareholders to vote on his proposals, and should he be successful in gaining shareholder approval for his proposals, the Board has agreed with Mr Crawford that he may terminate his employment contract immediately. The Board is strongly of the view that such an outcome would be materially detrimental to the interests of the Company and its shareholders taken as a wh