Member Info for mjcthepilot

Cheers TruthFactory

It may well be a dying sector but still a sector that will be needed, if not Amigo then there will be others.

All I’m saying is it would be nice if this board was about the share rather than a playground with bullying posts between people, it’s nothing to do with the share but more to do with personal attacks.

I’m not here for that

I know this is a freedom of speech issue but do you think we could keep the personal chat/aggression for somewhere else?

It’s frustrating to get and update message and to login to see it’s just people attacking each other

It does seem from recent news articles the the new FCA boss has taken a harder line in this area, whether that’s good or bad I’m not qualified to say.

Obviously looking for a positive outcome too but I’m still happy with my investment here, really just curious if there are any other options people think could be a plan?

Good points on the FCA, not sure how that will work as it seems the FCA are not willing to comment or be involved in the SOA setup except to say after the even. It must be a very detrimental position for a company to deal with not being able to be told what would be accepted

Small changes on a low SP give massive percentage gains, 8p to 9p shows a 12.5% gain doesn’t mean that the shareholder should be responsible....do BA shareholders get held to account when a flight is cancelled all all claimants are due refunds?

Probably not but then the financials are a little different, doesn’t stop them arguing over the settlement tho....

Just to be clear I don’t work for BA!

True...

Been here for a while, it’s just ludicrous that the mention of the recent gain of share price was even given weight in court

Lol...I’m generally at work way before the RNS hits so it’s coffee later but I’d appreciate doing it that way!

Cheers LTH

It does seem that there was a bone to fight over shareholders benefitting if the share rose, I can kind of understand that given that they are trying to cap refunds but there has to be a balance, a publicly traded stock should be just that.

Reading the judgement seems to still refer to the share price fluctuating and the assumed value still in the company, it I don’t agree with the assumption that this means there is sufficient value to pay redress despite all the suggestions.

I guess the 15% over 4 years also has a variable value as there is no suggestion what profits will be.

Not an ordered list, just possible options

Thought I’d pose a question for peoples thoughts as to the viable options. Not looking for rampers or de-rampers here so please can we keep the chat to the share/company issue and not an inter-personal ****ging match.

The way I see it could be the following.

1. Share rights issue combined with a new scheme. Some input from shareholders and some input from creditors so perhaps increasing the compensation to 30p in the pound?

2. New scheme with no rights issue, more money into the pot and perhaps a longer share of further profits with BOD changing the LTIP details (not sure they can and to be honest LTIP are common place in plc’s)

3. Negotiation with bond holders and a new sum of money for compensation (seems unlikely as I assume this would need to total £69mil to reach a 30p in the pound value)

4. No viable option so admin pending.

The reason I’m suggesting around 30p in the pound is pervious schemes that were approved seem to be around this figure....Amigo’s scheme seemed to be assumed to offer around 10p in the pound in the last court decision.

Hope everyone’s having a good bank holiday!!

Sure we’ll all get a good outcome tomorrow, if not then back to the drawing board!

I’m a little higher holding GingerT.....imagine what mines like!! Lol!

Financial advice? No

If you want consensus votes then IMHO hold. No advice offered tho!

Decrease in shares but increase in voting rights?

Great find!

Franky

Quite possible a share rights issue, but I feel that if that is the case your time prospect is probably about right. If it was at 16p ods then it’s a no brainer for me but I hope and feel that tomorrow might be a cut and dry decision, if it’s a No then there might be a negotiation and a new vote, but given the length of work and response so far I hope not

Soundsrisky - you raise a good question

What will the judge actually be able to do tomorrow? I assumed it would be a yes or no for acceptance of the scheme based upon

1. Voter response to the proposal
2. Objections by the FCA and others (Camel etc)
3. Due diligence by the court that the process has been follow lawfully.

Can they change the SOA arrangement as it was passed already and voted upon? I’m not so sure on that.

Any sensible comments appreciated!

Looking forward to tomorrow, ISA-Investor thanks so much for what you will do.

Second the other posts, let’s just try keep a post only thread for the updates.

GLA

“judge”-ment day version 2 starts at 10.30 tomorrow!!

sorry LTL didn't work on my Mac ;-(

Wednesday night fun!