Member Info for nursesteve

I can’t imagine the BoD would have shot JB down quite as they did without some positives up their sleeves.

You and I always tended to agree on fundamentals just keep watching....
Glen bought shares at 38p and reportedly texted the above to JB (on JB’s Twitter account).
To me this indicates it will be positive.

He might offer cash to support bond buy back in return for implementing JR of complaints and taking Amigo Global with him in control of global ops while Glen retains complete control of U.K. ops?

Managed to pull myself away from this after my top up today and have just got back from a long walk with my dog. However I don’t think I will be leaving it alone tomorrow until I see JB’s announcement and the RNS results on Friday.
Should be positive. I’d be very surprised if JB simply says he and the R Group are walking away or the BoD didn’t have some positive news on Friday.

The share price chart is like watching my heart rate while I’m waiting to see what happens next!

Sold my SIPP holdings at 14p yesterday thinking it would drop today and bought back at 12.9. Rather be in than out.

Good choice Ne14t ;-)

Up where we belong?

One thing is clear to me JB is emotionally invested in Amigo. He doesn’t want to let go of it and clearly wants back in control of it. He tweeted “ Myself and the RG team will spend the next 3 days working on options to achieve the goals put forward in my proposal without going to shareholder vote. If these options do not succeed then I will announce a shareholder vote on Thursday.”
Shareholders will have the chance to review results on Friday before any vote or proposal from JB needs to be decided on.
If he doesn’t get support it would seem his remaining options would be 1. Walk away 2. Buy shares after his irrevocable sell instruction has been fulfilled (to try to gain influence and/or some control back - but I think that Glen could argue he was bound by the same rules that restricted him before) 3. Make a takeover offer.
I think he is too emotionally involved to just walk away. The only other option which might again cost shareholders money is if he tries to set up a rival lending company to amigo.

Just added at 13.48

I think results on Friday will be positive and counter any dip in the share price today

Managed to hold. Fingers crossed emoji come on JB don’t disappoint us!

I hope that wasn’t directed at me piohc1 - I’ve been in amigo since Dec last year. I just don’t post often.

Massive day and a definite hold for me. Best thing JB tweeted apart from his intentions to return, was
“Amazon in 2001 mostly sold books and CDs to the US online market.
Is Amigo’s market Guarantor Loans to consumers in the UK? Loans worldwide?“

Looking forward to the after hours announcement regarding his proposed return to Amigo after close of trading today.

It was always going to take a breather after this sprint but heading back up now.

18.62

One of these days that daily RNS is going to be someone’s else’s buy!

Sunset it’s not ramping when it’s my own research about the company with verifiable facts.

Pleased their banned - but it took me ages to write that last post! Lol

Sunset and Steve - you give both a bad name. DYO research! Your negative posts are backed up with no facts. Look at the history here, EPS 19.40p dividend 9.32p (2019). The main shareholder who rejected an offer of 21p a share is selling as he wanted the board to do challenge the company’s rollover position about paying out to claims of loans being unaffordable or miss-selling. Yes there is risk if the loans were being issued to customers (and their guarantors) who didn’t understand terms or couldn’t afford the loan, (but this could still be challenged and processes improved - such as recorded calls etc). Even if it is found or decided to continue paying out historic claims there was enough provision made for the amount of claims being made - not all of which will be valid, in the last set of results. Having a CEO back with legal qualifications who helped the company gain initial approval with the FCA should allow lending to restart and profits to roll back in. It would be in the interest of the FCA to see future profits come in to pay out any valid claims and avoid any legal wrangling over their own initial approval processes. The FCA are not there to hammer companies just ensure customers are protected. If amigo goes those customers who are excluded from mainstream lenders may have to resort to backstreet unregulated lenders. All in my honest opinion. Get a life instead of being negative!