Member Info for LTHcine

craigy - its not a case of if they could or couldnt setup their own sub-prime loans company. But why would they when they can just build a stake a bargain basement priced to fail existing company without having their name attached to it, while not taking on all of the associated risks? Surely makes more sense this way as JPM Chase are already setting up a completely digital based bank, which they can then offer digitalisation solutions to Amigo and build a strong partnership?

I imagine part of it is that we have 165m cash on hand, 1m previous customers emails, a household brand and a great BoD. But who really knows what else they see.

5p was criminal yet also a blessing for those who managed to average down, we wont be seeing 5p again any time soon.

thanks Honewood, much appreciated.

ahh okay no worries just would be interesting to know if its JPM because someone posted about a long history between JPM and Amigo the other day, and it would make sense for them to build a stake if that is the case.

Seamus do you know who provides the secure notes to Amigo?

"The Group is financed from a combination of cash generated from operations, senior secured notes of £234.1m with a 7.625% coupon and a securitisation facility of £250m. On 27 November 2020, an extension to the previously agreed waiver period on asset performance triggers for the securitisation facility was confirmed to 25 June 2021, allowing both Amigo and its lenders the opportunity to fully understand the impact of Covid-19 on the business whilst maintaining the facility."

That paragraph of the Q3 results also answers Shotwick who says they must be in breach of the debt covenants.

it might go up or down a few percent to be fair

https://youtu.be/LqGLGnkApzI

"Amigo Holdings

Savvy hedge fund Bybrook Capital has quietly been building up a sizeable stake in Amigo Holdings, the guarantor lender that has had a shocker since floating in 2018 at £2.75 a share.

Bybrook, a debt-focused fund, recently said it owned 6.5 per cent of Amigo while US heavyweight JP Morgan bought a similar amount of stock.

The shares, though, endured a tough ride last week, sliding to just 13p as Amigo was outed as the most complained-about lender in the UK. There are fears that compensation claims could push the firm towards insolvency.

It looks like Amigo badly needs a friend."

i think they are slightly misinformed about the Amigo SP sliding to just 13p after being outted as most complained about company. For a starters we its just a little pull back from a massive bullrun the week prior. Secondly, as if that they were "outted" its common knowledge is it not? Anyway, any publicity is good publicity :)

the CEO doing too much talking is the first red flag :P

trufflehound the link would be greatly appreciated, its so difficult to navigate that site past all the ads

You cant just say bye and im magically gone? If you derisk, that is your prerogative. The only "sudden problem" i have is that you have spent the last few days almost bragging that you derisked and have no worries whatsoever. Its insensitive to those who now are having worries on last few days of SP walk down. I would just advise everyone to take what you read here with a pinch of salt either REALLY for or REALLY against this share is just noise. Do your own research into the company and the board and make your own decisions (then live with what decisions you make, without blaming others). Iv said my part and have no real interest in arguing on a public forum. Just cant be bothered reading absolute nonsense for days at a time.

Mouse, and i have a child like mind for mentioning Jimmy? If i remember rightly, and i do, You went on about Jimmy influencing your decisions for dayyyyys and days.

first thing, i am not all in. Anyone whos all in has some balls of steel and i applaud that. Second thing im not trying to influence anyones decisions either way, but i see potential in Gary and the new BOD or i wouldnt have invested atall. Im just saying that derisking is one thing, talking about how you derisked and can now sleep better on days that it is down from where you sold out is insensitive to people who might have been buying last week. Who now have to read all this drivel about derisking at a time when SP is down andsome might be worried when everyone keeps going on and on and on about the risk? If you dont know its risky, dont invest is my advice. Im just saying i notice how the main group of people who were on this board have now pulled out due to risk after saying how good opportunity it is, what could possibly have got to them?

only thing i find strange is that everyone discusses wanting to de risk here. Why not just derisk on a nice day and keep it to yourself? It feels like subtle deramping and it can effect peoples decision making as mouse found out with Jimmy. By all means de risk or increase at will but dont think everyone here needs to know how risky it is. Dont mean to jump down your throats, just annoys me reading it because we all know its risky and have hopefully only bought with what we are prepared to lose in the first place? Sorry if i sound like an arse :)

i like your thinking :) if we can gradually gain momentum before the Anouncement of reopening, it could be squeaky bumtime for the shorters.

and it was followed by a deramper using that exact section of the article

that 1 million loss thing was in an article, that sounded a lot like Motley fool, i cant remember the exact article it was but it was only last week or so

they surely cant keep walking the price down, its criminal at these prices

did you copy and paste the whole thing Bryn81?