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Expru-I was having my car serviced many years ago and the garage owner picked me up in a GTR. This one had been customised with new exhausts and a tuned engine (original version back then was around 500 BHP I believe...his one-700BHP). He put the breaks on after accelerating and all I can say is I have not felt anything like that before. I was driving a quite a fast car at that time and it mullered it!
Jimmy-
Are you pumping the same narrative about going bust/looking horrific purely for the public good so others do not invest? Is there any other motive? I ask because the narrative is remarkably consistent. It might save you time just to copy and paste previous posts periodically, assuming your motive is to ensure nobody else invests in Amigo.
Just a thought.
As a whole, markets should rise this week. Trump finally signed off the stimulus package and Brexit starting to unfold. Dax up nearly 1.5%. QE also set to continue as Central Banks are now fully committed!!
Amigo, as others have said, is already on its knees. Onwards and upwards.
It would be nice to have some positivity on this board. The past few days has seen quite a bit of negativity from some.
On a positive note, I managed to top up this afternoon after not being able to buy on AJ Bell in the morning (before my rather expensive dentist appointment!).
A change to lending risk in UK society is needed and I believe the BoD are are aware of this. As it stands, the credit marginalised will increasingly find it difficult to obtain loans through reputable channels. With the Woolard review on the horizon I suspect (hope) Amigo is well placed.
I say suspect because none of us knows and just my musings.
Jimmyg56- the system is broken and hopefully the Woolard review will start to address this. Yes, there are legitimate claims but the current approach in the UK disadvantages those that cannot access credit through the mainstream banks. If this does not change, there is a real possibility that the 'non credit worthy' will continue to be failed by the system and for this to get much worse as credit lines dry up. I could go on about this including the whole credit rating system which is in need of a serious overhaul but I will leave it there for the time being.
Amigo can be play an important role moving forward and I sincerely hope this is the way it will play out.....
(now typing away at the pc rather than phone to remedy typos.....)
Yes....but...
My understanding is Amigo will need to write to everyone with an Amigo loan (could also include people with loans repaid). They need approval from them. The concession is in effect a rebate to gain buy in which is open to all for a 6 month period from a predetermined date.
A novel way to wipe the slate clean and start over.
Those with loans will be able to apply for the concession up to 6 months from pre determined time. Therefore, this is open to all Amigo's with loans. Inevitably a lot will say no to the agreement which is why by including everyone for a Freeby it could well work.