I don't understand this: "...whilst other stakeholders, such as shareholders, are not being asked to contribute their fair share to enable the firm to stay solvent. ..." What more but buying shares and being aware that divis will be a thing that Amigo will or will decide over in the distant future, can we as shareholders possibly 'contribute'? Shall we re-mortgage our homes and donate the money from that???
Hi expru. Provi is done. I've asked my friend, who works (ed) for them if the rumours of Provi having gone into administration are true. Here is her reply: "Provident is no longer lending. We have not gone into administration but are doing what's called a managed wind down. Apparently, they will entertain buyers for our book debt so who knows someone might come in and buy it and want to keep some people on" The question if Provi is history she answered like that: "It will be over the coming months, yes"
Liquid, I think with the FCA considering the shareholders to contribute towards the compensations, shows how leftist they really are. It comes across as political agenda to me, more than an honest attempt of a positive input towards the Scheme. They should know that it is up to the company to decide if and how much divi they pay. Not to pay any divi at all is not a contribution to anything on behalf of the shareholders. I hope the judge sees that and wraps this and the fact that can't even be asked to turn up, around their necks.
Yesterday the SP was around 29.50, then...thanks to the RNS we opened at 23.36, today's high was 26.88 and today we close at at 22.92 This is not too bad at all, considering the bizarre demands of the FCA that stake/shareholders are not contributing anything. If I was the judge, I'd ask them if they're off their trolley. Of course, we contribute. We bought the shares and are ok not getting Divi for the foreseeable time. How much more contribution are they thinking of? And after that they don't want to be present in court, but send a representative instead, from what I understood.
Putting all into consideration, I don't think we have done too bad at all, today.
Is the Amigo LSE-Board Court Reporter going in again, like last time? That was so valuable.
RE: Prepare for a sharp drop even though it is good news11 May 2021 08:09
ISA, I was never really away, I read you Barstewards :-) . Sad that some seem to have managed to mob Vinson out. I've made some tidy profits, even on VINO ;-) and I still believe that share. Just wait for the autumn lockdowns ;-)