The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
.. thought Big Spender by Shirley Bassey from at 1996 TV Special would be fitting, as Shirley says at least twice: "here it comes again". Feels Amigoish. (The original from 1971 looked far too saucy ;-) ) Enjoy: https://www.youtube.com/watch?v=MVSlILP4fSk
McFish, I started school in 1970 and we were taught Financial Management, but sadly all they taught us was saving money, which is ridiculous. No interest granted by a bank would EVER be able to compete with the annual inflation rate.
*in debt not *dead (but it's pretty much the same thing lol, where banks are concerned lol ) :-)
McFish, I'm not so convinced anymore that the FCA is as independent as they claim they are. Too many strange have happened and are happening. Provi is going bust now (by September) and they've been around for over 100 years. I think Provi is the oldest doorstep lender in Europe (if you cancel out the beginning of Rothschild). Satsuma is going down, also. Mainstream Banks are at the end, I certainly wouldn't invest into one. Deutsche Bank, the same one, that in 1992 the then Chancellor of Exchequer begged to help the Pound Sterling, is now so heavily in dead, that even FloHo and Dr Markus Elsaesser suggest to let it go bust. And be it PPI or any of these claims, the people who took out the loans were and are never at fault, it always seems to rest on the lender.
It's about time that Financial Management is becoming a subject taught in all schools.
McFish, mainstream banks are critical financial infrastructure. Lenders are not. However, the way the FCA is mowing private lenders down is opening the doors wide for loan sharks.
hodgy, if you bought at 8p you should've sold before the weekend, when it was on 30p ;-)
mjcthepilot... fantastic find. So the FCA is NOT independent, because: "... and is financed by charging fees to members of the financial services industry. ..." ;-)
mjcpilot and who is the 'regulatory body'?
stuarthone, as I said: I have no reason to doubt my source. In the same way as I know that Provi will cease to exist in the way we know it as of September and that is the doing of FCA-Pru.
mjcpilot, not according to what I just heard. I was told that Prudential is running the FCA and I have no reason to doubt my source.
Is the FCA independent or is the FCA run through or by Prudential, under the same roof, but as a separate entity? I just came across some info pointing towards that. Also, that FCA seems hell-bent on destroying all lenders, such as Satsuma? Provi is history, btw.
That could be the case, Vine9, but another reason why some people didn't or don't vote crossed my mind: Should Amigo go bust, then chances are the debt book will get bought by a debt collecting company. If I now still had an outstanding debt with Amigo, I wouldn't want to rattle their cage and try to stay below radar, so I could then say: "Sorry, but I don't have a contract with you, bye"
Hi mjc, I'm brilliant, thank you. Building my portfolio and trying to make it as crash resistant as possible :-)
Daave :-) I topped up around 26p yesterday, thinking I got a bargain lol :-)
I expected a lot more turbulence today. It's eerily quiet, apart from the action this morning. Feels like being in the eye of a storm.
over 24 to buy now
Going up sharply right at the start. Just over 23 to buy right now.
I've tightened the seat belt :-)
If a court and/or the FCA are using they hypothetical plans of people using nick names on a chat board as the base for the decision making, then there something seriously wrong in the state of Denmark (no offence against Denmark, Danish people and Great Danes intended).
Should Amigo hit £3 then I'll get another Porsche, btw ;-)
LTHcine, that's right, but one would have to scroll a long time to find it. Now it has it's own thread and will always be on top of it :-)