Member Info for mover123

Some large buys (for this stock) going through before the close. Clearly somebody knows something. At the AGM they stated that the redress issues were close to resolution (I think they mentioned next few months - ie before Christmas) so suspect Hightower is correct. Again - McColl attended the AGM. Someone with the demands on his time would not have bothered doing so unless he wanted to do something here

With Jim McColl on board (and attending the AGM in September) he clearly wants to do something with Amigo - otherwise he simply would not waste his time. Mkt cap is £3.4m. A 5p valuation / 7-bag would see this valued at £20m - could happen in a heartbeat

Presumably news of the RTO is getting closer - can only be good news

are we not in a closed period meaning they cannot buy?

This gets to £3 and FOMO kicks in. Massively oversold. Massive opportunity.

In addition to which both PwC and the Board would be guilty of misleading the market with the RNS on 1 March if they knew then that there were other factors at play. Audit delays are now very commonplace with resourcing on audits a real challenge for all audit firms. The original explanation is plausible.

Its horrendous. They did not allow trading after the suspension until about 1030 Friday as a result of which I missed buying at 12p and even then only after I called about 6 times.. They're not set-up for trading equities

This is what the market is looking at - businesses that can grow activity in this climate are worth investing in. Very solid announcement and as previous poster noted they have cleared the decks for 2021.

precisely - UK is undervalued due to a number of factors, including (but not only) Brexit. Hence SHI presents massive value

oversold on the interims. solid business, good prospects, well undepinned with cash and capital. End of.

Hope this is the start of us firming up towards the interim results next week. There is a compelling back-story here as mentioned by many posters - hopefully folks will start to realise this and we get some good upward momentum

you'd think Joe punter would see through these stunts

the spread is almost a penny on my platform, despite decent volume. Extremely weird

"The stock market is a device for transferring money from the impatient to the patient" - Warren Buffett

84% take-up seems pretty good to me but I guess we'll see what the market thinks in 40 mins. Good now that this is done and the share price can work without this in the background.

Agree - he had made a great impression and looks well placed to get this business through the crisis. It seems the objection is more procedural than anything ("one-off payments" not being regular). I would have thought a one off payment is highly appropriate for someone who has kept the business going (and thereby saved 000's of jobs).

Offer was open in Fidelity and Barclays yesterday and Saxo the day before.

quite right. Effectively at the moment there is a parallel market at 30p which is pegging the shares back. Once the allocations are approved on 9 July then this assumes an upward trajectory. This is a rock solid business that is significantly undervalued. My end of year target is 60p on this share.

same response from Fidelity

I should think this will start to move once the capital raise is out of the way. Huge amount of chatter about "shovel ready" infrastructure schemes that will only benefit SIG in the coming weeks and months so it must start to assume some upwards trajectory soon