Not a deramp, just for balance....6 Jul 2020 00:17
I trawled through and read up to date on JB’s Twitter feed, very interesting. I’m not deramping this share and I have all the confidence in the world for this share. So for balance I thought I’d share a comment I found in one of his tweets: dated 27/05 “What they did include was their cash position. Amigo currently has over £115M in cash in the bank. A number that has been growing steadily since they stopped lending.”
Repeat, STOPPED LENDING!! So for all those who think this is a great thing, it is not. The increase is only income generated from previous lenders repayments and not from new business! So no current growth.
However, the £115m cash in the bank equates to about £0.25p per share alone, so huge value yet to be seen and realised in this share yet, especially when the complaints are settled and business back to normal!!
Just sayin’ ??. Happy daze folks, McFx