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Tomorrow will be interesting, to see how they are getting on with the claims process. . . .If they show a profit for Q1, I will be amazed, as they are compelled to take a prudent approach with accounting standards???. . . . As for a share price rally in the upward direction any time soon, I would hope so, but my head says, unlikely for the minute.

https://medium.com/@jamesbenamor/the-restoration-of-amigo-is-much-bigger-than-any-individual-f88581a42d66

I'm at the point where I am nearly 6k down. . . . I am now of the opinion I deserve at least a 6k profit. . . I am holding this bad boy until I get a 25pper share return.

Hi FrankyS1971, I think you are about on the button . . . . I don't think for one minute that we are going to hit 20p within the next few days. I hope I am wrong. I think many are expecting a massive turnaround any day now, which is nice and positive, but I don't think this is going to be the case. I hope I am wrong and well prepared to be told "I told you so"

Dont panic Callum. . . We're fairly confident the price will rise as it is undervalued. . . The Balance Sheet price per share was 35p as at 31 March 20, this price includes a provision for claims, however claims could have risen. It does not include a provision for FCA penalties, however it does not include a goodwill value for the business either, or dividend potential. It would be nice to see the results tomorrow. . . .There are a lot of variables, but for me a price of 25p-35p seems to be a target, at the minute, while the FCA are sniffing around, like the pack of [please insert your preferred adjective here] that they are.

That is very close to the final 0.66%. . . . JB has been selling 4,753,337 per day. . 66% of this is 3,137,202. . . .

I managed to ride a coupe of Amigo Waves and increase my shareholding by about 670 shares. Whoop Whoop. . still 5k down. . . .I need 18p to break even. I am interested on the update on friday. These shares seem undervalued. . . I would say 25-30p, seems to be I think where they should be at present, given everything that is going on. . . More if the FCA was out of the picture and new loans were being issued. Having said all of that, a lot of small businesses will be using Bounceback and Covid related facilities. Of which are scheduled to be removed from offer after end of October?

I am encouraged by the boards' response. Wish JB all the best, but yes he needs to move on now I suspect.

I looked at the figures again and the value of equity per share was 35p, as at 31 March 2020. I know that they are not creating new loans but they are collecting debt and perhaps the only real risk is the FCA/FOS storm that is ongoing. I am hoping that the claims provisions have not increased too much and may still show a profit for the reporting period to 30 June. I have just brought some more shares on the downward dip. It is a risk but long term, this could still return something reasonable.

I have been in the unique position where I have, for the first time, had some spare cash and thought, why not bung it into a S&S ISA. It is fasinating to experience the highs and lows and the emotions that go with it. When all said and done, I done my research, understook the risks and thought lets have a punt. Tried to have a diverse portfolio, but I am learning as I go.

It is nice to be in profit. . . I looked at their Balance Sheet and the share value, on assets alone was around 35p per share. I am wondering if the founder is cashing out his shares to buy back in and pay off the lender? It is a risk as we shareholders are given the legally required information which is a minimum. I only have just over 20,000 shares, so I am a mere tiny tadpole in an otherwise larger pond.