Member Info for Lucasax

Yes Mark...that would do it!

Yes Greatcrestednewt...that’s it’s. Obviously he is supremely confident. I would just like some kind of confidence boost. It would encourage buyers in and holders (like myself) to be sure of retention beyond a certain price. Worst case scenario that article may be. But worst case scenarios can happen.

Don’t know re RNS....but yes it was mentioned on here when it happened.

Glen is confident enough to buy £500k worth of shares, yet at the same time Amigo admit their very existence is at threat pending things like FCA investigation results, COVID, further complaints and things that are out of his control....

(Source ‘Shares Magazine.’ July 20th)

‘Guarantor loans company Amigo (AMGO) has warned that its very survival is under threat as it reported a massive plunge into the red last year, sending the share price crashing 23% lower to 7.42p. That values the lender at just £35 million.

The company said that a Financial Conduct Authority investigation into customer credit worthiness checks could have a number of potential outcomes, including a significant fine and the requirement to perform a back-book remediation exercise.

Amigo admitted that this ‘material uncertainty’ calls into questions its ability to continue as a going concern. A potential sustained high level of customer complaints redress, or a negative outcome of the FCA investigation, could put the company out of business when added to Covid-19 issues.’

Dprogerson.....11.62p is bang on mate.

That 714,593 was a sell not a buy.

Itisagame...Thanks for your comprehensive explanation.

I’m a little confused as to why the RNS informing of the extension of the lending facility waiver period with the bank has not given the SP a substantial kicker? Perhaps it’s because it’s only for a few week period?

Anyone got an interesting point of view on this lack of SP shift they’d like to share please?

*some

Agreed...but conversely lots of big buys going through now too... £10k/£20k/£30k+ for peeps wanting to take a punt on trading today and done holding for the weekend...so you can’t really call it atm.

The markets are brutal have very little sentiment when it comes to incredibly strong financials. So regardless of the findings of what’s been going on this sp will rise. The economy is screwed at the moment so positive financials mean boohoo will win they day.
News today from WHO is that cases of corona have doubled globally in last 6 weeks. People are super edgy of a market crash, which I think adds to the volitility. The flipside is that financially it’s proven over the past few months boohoo isn’t going to suffer re income. Only cautious downside is the money they have had to inject to monitor safe practice in trading. Amazon have made lots as we know....but ‘Jeff’ has stated that it’s cost them almost 5 billion to implement safe corona measures which cancel out profits. We’ll see how this plays out in their results on July 24th.
GLA

Apologies Ashmark. Thanks for the correction. You are right. Just came up as latest on ‘news now’ feed for some reason.

Saseefeldt....

This whole world is a joke atm!

I don’t believe this particularly attributes to the drop, so nowt to panic about but it’s Boohoo’s latest statement today.
So thought I’d share.

https://www.lancs.live/news/lancashire-news/statement-boohoo-following-investigation-suppliers-18567289

There was practically no drop off at close of play last night. So I believe day traders held for today and once it stuck around 300p for a while after the 308p peak decided it was time to sell in respect of no more immediate uplift. Obviously that’s reflected in this dip before it settles for more top ups & buy ins and return to an upward trend. IMO

Yeah I knew someone would say it’s not because we don’t have any money and it’s to encourage us to eat out. I got that. The point I’m making is that this is what it’s come to to stimulate the economy. It is a form of financial aid as much as anything else and we are factually in the worst economic position since the war. So it doesn’t bode well for the markets! What’s laughable is that they lock us up and tell us to do everything possible to keep the ‘R’ rating down but send us out to mingle in restaurants for August. They are trying to balance preventing virus return with saving the economy. It’s all gone mad I tell ya?

Thanks Datron. I just think it’s important to look at the reality and findings across all markets / sectors. I’m always looking for the positive. But pragmatism is the order of the day for me. I’m sharing through measured consideration for one and all. Like I said...hope it all goes north for one and all and my fears are quashed!

Constant talk of bike / scooter sales. Yup they’ve been a relative savour of sorts. But maybe people are forgetting this is the UK. We spend more than half our year in the cold and wet. Dark on the way to work and dark on the way home. It’s already July. These sales are very seasonal. The Financial markets have been pumping off stimulus and the fact the stock market looks to the immediate future for its movement means it’s been riding off the constant hope / optimism of exit from lockdown. We are kind of there. That curve of optimism is flattening out. What have the markets really got to look forward to now? Cue the reality of the economic downturn we face and nobody can deny we are in serious trouble. Consumer spending is going to reduce while people tighten their belts. Look how desperate we are...giving out food vouchers in August. This is wartime stuff! Halfords were in trouble pre virus, the sp around £1.65 the previous 6 months. In fact between 2019 & 2020 the Sp dropped over 30%. Based on all these facts, it’s about survival for a few years imho as supposed to big profits and boom time.
Share looks oversold yet today it had a nice rise, followed by a predictable sell out for short term 5% profit takers. Currently back to a 1% profit which is measly on an oversold share. (Check out the low volume of trades) Also no dividend like last year. That can considerably reduce the sp value.
Look at Boohoo. They will recover based on the fact their financials are v strong. Wrong doings and sentiment will count for nothing. (I’m regretting that I hovered over the buy button on them last night and didn’t push!) 30% today!
All this talk of a V recovery doesn’t sit well with me. I’m thinking W.

Halfords have done well in a bad situ and I believe the sp will rise a bit. But based on the price pre COVID, a current drop in profits, no dividend, you’ve got to question why they will rise considerably.

I do genuinely hope for success and a boost with Halfords these coming days because Id like all
Investors to profit. I’m certainly not a de ramper...but I hope people appreciate I’m just trying to put forward what I feel is information worth considering as an air of caution across this and many other shares. Safest share is Amazon imho....$5000 a share this time next year....probably!

With my greatest sincerity GLA!

There wasn’t one. Largest 2 I saw in quick succession totalled about £300k from memory. Plus end of day UT confirmed it.

Regardless of people buying in for a hopeful quick buck and then getting out having an added affect on the percentile drop, this fall is disproportionate to the relatively positive results IMHO.
Or do you still think the current 25% drop from yesterday’s open is unsurprising? In essence HALFORDS have been relative high street retail winners in this environment.
If proportionate, I dread to think of the decline for Companies due to release yearly results who’ve essentially tanked.