Member Info for ns20

..

At the time of opening, they were at the top of the Sell board. . . Interesting how HL have done that. . perhaps there is a buyer looking on HL and they are taking a margin directly? I have often wondered if HL do that.

Interesting how most of the MM have listed sale price of 11.84 this morning. . . Interesting. . .

Great Video

I have absolutely no idea. . . Short term, its anyone guess. Long term we will be fine and hope to get to go to the Xmas party in 2021.

HH. PMSL

Viking818, I would not dare imply anything so bold. Have fun at work pal.

Hi all, I have seen everyones views about HoundDog and others and thought before I jump to any conclusion I will give him the benefit of the doubt. Would be a pretty boring world if our views were the same. I just wonder though, what kind of person I would be if I were to constantly post negative comments on a board where most people want realistic but mainly positive things. I'm pretty upbeat generally. I grew up in a loving household and perhaps had sufficient time on the breast. lol

Hi Hounddog, how did you come to that conclusion? That is about 2-3 times the provision already in place, from what I can see? I would find that difficult to believe at this moment in time, that there has been that much of an underprovision.. We have provisions of £116m and NA of £170.5m. Therefore there is sufficient value in the company to cover most of your forecast and assuming that trading recommences this would still not worry me long term.

Hi Mark, I see. . This was based upon the March 20 figures, which have been audited and reported. Technically we are both right, as we are quoting relavent figures from different periods. I was was working on June 20. However these are both out of date.

Hi Hounddog, I know we are in a world that is seemingly full of entitled people. . .I agree that complaints might well be higher, however the notes to the accounts and update presentations have included a provision for future potential claims. I am hopeful that a just and equitable outcome will prevail. I suspect that once lending re-commences, we can push forward and any legacy costs will be covered by both the provision and future profits. I think it will be a very long time before we see a share price like this time last year, however a share price just north of the NAV, is not too much to ask. a dividend would be amazing. I look at prior dividend history and it is not far off the average share price for last week, which is great for a hopeful new long term holder like me., that has taken quite a lot of time and energy to get the company into my head and try and understand it.

Hi Mark, I have just double checked my logic, with the statement of FP at of 30 June 20, from the Amigo Website and it is 170.5M. Current shares in issue 475.3M, therefore 170.5/475.3M= 35.87p per share NAV (As at 30 June 20). If you think I am misinformed, please advise. . Only too happy to have errors pointed out.

Hi Mark, I had 35.9 as at 30 June. . . I have not yet seen any more recent figures.

It would increase because of simple mathematics. . . Nothing has really changed from Q1 to Q2. Q1 was profitable, The Auditors signed off the March 20 accounts with prudent provisions for claims, which are likely to be over provided for. I think the FOS are not a complete bunch of monsters. Yes they are usually in favour of the consumer, however they are realistic and pragmatic. As regards your unrealistic comments about the claims destroying the company, there is always a risk that it could affect the going concern of the business, however your claim that they ARE is untrue. The complaints, at the time of the AGM, was not flagged up by the Auditors. I take comfort in this, as with this being the biggest risk to the going concern, which underpins the entire method of the accounts being reported, it would be monitored and assessed by the Auditors. At this point, I am unfussed who is the Captain of Amigo, as long as they are competent in which to steer her out of port and into more active and profitable waters.

Considering the NAV is 36p, likely to have increased slightly, I would say a sale price should not be accepted for less than that. Any more than that, at this moment in time is speculative.

Just nipped out and logged back in remotely in the car. . My L2 board and share trades are not updating in real time.. FFS!!! AARRGGHHH

What is with the big drop?

Your 9.89 should fly through now

I just made the classic mistake of selling by mistake when checking the price. . . managed to get back in without losing any shares. . . Phew. . . not doing that again.

Can I hear a Whoop Whoop!
3:16:43 10.00 50,000 5,000