REMINDER: Our user survey closes on Friday, please submit your responses here.
We won't know until we know how much they want to raise.
The amount you'll need to pay is:
V*R/M
V = value of your shares
R = Total fund raise
M = MCap
If your shares are valued at £20k, Fund raise is £25m and MCap is £25m, then you'll need to subscribe to a further £20k to have the same shareholding.
If fundraise is £50m, then you'll need to pay £40k.
The number of shares you get is based on the share dilution.
Not always.
Savannah Energy suspended for 6 months due to a deal they were making. Shares gapped up when it resumed trading (albeit not as much as hoped).
The biggest concern is the lack of reason behind the suspension. If it's bad news, just say so. Don't leave us hanging
31st June 2022?
Can't believe I missed that when I went through the annual report.
The rights issue MUST happen because Amigo doesn't have the cash to pay creditors and/or restart lending. It's market cap is only £30m.
It is all a matter of how much cash Amigo needs.
I'm hoping that the BoD seek to raise a fixed amount and therefore do a Rights Issue at an appropriate discount and dilution.
If the SP is at a decent level, why does Amigo need a 19:1 issue?!
I get that they said at least 19:1, but maybe they didn't consider a stronger SP.
The way I see it, since the share isn't trading it shouldn't make any difference if it's delayed for an extra few days / week or so. It's been suspended for over 6 months so what is an extra few days? Especially over the Christmas period.
So long as the news is positive (which we expect it to be) should be really be bothered by the relatively short delay?
I'm very excited for this, mostly because I don't know what to expect of the SP when it resumes trading. AK has had his critics, but if SAVE can pull off a great deal then he and his team will deserve tremendous praise.
Merry Christmas all!
So sorry to read that Ag,
I've donated to the cause! Wishing you the ability to manage it as best as you can!
Thank you to Zengas as well for his input. Extremely helpful.
Hi there,
Been in this share for a little over 2 years and have never been more excited as I am now. Can't wait for the RNS announcement and for share to re-list.
Was wondering if there was a telegram group for this share? If so, can someone send me the link please?
. Co.za is South Africa.
Founders of Wonga are South African.
My belief is if Amigo does pull through with the SoA and isn't wound up, then there's no reason why the company couldn't rerate significantly. Nothing would be preventing it from lending again.
Just need the right strategic team to ensure that systems are robust and lending is done responsibly.
I'd like to think they'd err on the side of caution with new lending, which is good and bad in some respects. They'll be less likely to lend to people who can't afford to borrow, but they'll also likely reject some loans that would have been good.
Anyway, future is bright for Amigo! GLA
The shooters have not gone. CItadel is back at 0.58%. They hover between 0.4% and 0.65% and have done since August.
Pay no attention to them. Their short position is purely algorithm
It takes a day to update.
Citadel is unlikely to close the short as they have shorted the stock, pretty much, every day since August.
There was a large buy of around 132k shares yesterday, which could be a 0.1% reduction in the short, but we won't know until 4:45pm or so
This has been the case with IG for at least 6 weeks now, which was quite frustrating as many occasions were there to bet long on this.
As a side, this just happened with SAE today.
Which platform are you referring to?
Extremely unlikely.
Both entities (4D and LOAC) still need to set a date for the vote, they need to vote and then they can merge.
Investor Relations at 4D said they will publish an FAQ to address common queries around the merger in the coming weeks.
I'd say mid-Feb at the earliest. I'm not especially fussed as to when the merge happens (so long as it's in Q1), but I just want an RNS on when the vote will be so we can see the progress.
Here's hoping God does not forsake me.
All those months in the wilderness. I don't want to be denied entry into the Promised Land.
First bought at 26p in Feb 2019.
Added more in March 2020 at 9.6p
Added more in Dec at 9.6p, pretty much the day before it started to rerate.
I went from being like 50% down to 30% up in a basically 2 weeks. Happy days!
Long may it continue.
Unless he increases his holding, it should be the last we hear from him given he is now below the reporting limit. He could sell his remaining 3.9m shares without any RNS (so long as his contract allows).
Very good news.
This was a very good day. A rise that was not meteoric, followed by a small dip due (likely to) profit takers or Norwood selling 1m shares. It may dip tomorrow, but there's no reason why it needs to. We kept above 130p for all but around 45 minutes once we breached it within the first hour. Amazing how sentiment and outlook can change so quickly in the market. Were at 90p just 5 trading days ago.
Long may it continue!
First bought in at 26.4p almost two years ago. Been in the doldrums pretty much for 18 months since. Added twice in March and last week at around 9.5p. Was sitting on a loss of 50%+ for months and months and months up until Wednesday I think. Almost broken even now so am very happy.
Yes there are risks still attached to a company such as this and the countries in which it operates, but the rewards are also great.
I too wonder why people feel the need to post such negativity on message boards. Of course we need to keep level headed and not live in an echo chamber where we all believe the sky is the limit, but just as we have rampers who appear super bullish in order to pump and dump, its easy to see this as a deramper who wants a lower entry point.
The concerns raised may well be valid (gearing and countries of operation), but to post several months after selling out seems odd.
This is a reiteration of an existing broker target. This bloke put a target of 407p as early as September 3rd
Given their positions since August, I doubt Citadel's short is closed. They seem to go below and above the radar. If they do declare their short, we'll see what it was from because short tracker will say what the increase was.
WorldQuant - we will never know unless they raise their short back above 0.5%. They opened at 0.53%, up twice to 0.71%, down twice back to 0.53% and then down again to 0.39%. Looking at their short movement for other companies, most times they reduce their short to below 0.5% it is between 0.47% and 0.49% whereas with 4D it was 0.39%. Maybe someone pressed the wrong key.
Because LSE is only showing shorts that are above 0.5%.
Shorttracker also shows shorts below 0.5% when the threshold is breached. We don't know about any movement within the sub 0.5% short.
This is why we know Citadel and WorldQuant were at 0.49% and 0.37% respectively but we don't know where they are now.