Member Info for ppopp

Thanks guys. Yes it's a question of sell soon p, perhaps after the the next spike when amigo finally get to full relending and hopefully the fca close thier case in them, and take whatever hit it is ( I'm averaged down to mid teens on the sp now) or take the huge hot on the RI but buy more on the hope of a higher rise in time to come...... nothings simple!

Agreed but I've got so much money in this over the last 2 years it's all been worry about if they are going to get a scheme agreed etc etc but now I think it looks likely they will I wonder if its worth pouring even more money in on the hope of what it'll raise to later.

Or would they do a share buy back at this stage thus increasing the value of the few shares you own even higher?!

Say is was .2p a share at RI
If amigo do get to lending anywhere near £350m a year in a few years time, that will make the company 10 times bigger than at the RI.
So would the sp be 2p you think?

Lots of good points made there. I agree there is still a way to go and risk involved...

...but assuming the bestvcase and we get to full relending next summer, where could the share price go from there?
£15m needs to be raised with c470m existing shares diluted by 20 so over 9bn shares means they'll be worth a fraction of 1p? A shocking hit to any shares you won at the time. But if you then but shares at this price in the RI and they go to even a few pence then you'll more than make all your money back?

No idea tbh - with relending being agreed (appreciate test run but it should be a formality?) I dont know why these shares would go any cheaper now it should be on the way up so should be a good time to buy?
Perhaps people are still waiting to see what fine the fca will issue before the ri?

Well have to wait to see the details of the RI but I know when I've done it with tuiand Aston Martin it was a big discount both times (think 4 or 5 for every 1)

Hm yeah I can see it being .25 ro .5p a share.
But after when they are all guns blazing? 2p? 5p? ? As bad as the pain seems I can't help but think this could rocket in a years time??

I'm just trying to work out where the sp will be in say another years time? With amigo trading again in what will sadly be very favourable market conditions for a lender, even with there then being 9bn shares out there, could it be perhaps a few pence? Even only 1p I think would make it very tempting for people to take up thier rights next year

Even with dilution coming in what 7 months time? This is still priced like a company about to go bust, which it is definitely not and has a great future ahead. So frustrating i think this should be at least 8 to 10p now

Ni idea why this would be so low now compared to any of the weeks or months before- they have been approved for relending and its like it doesn't matter at all

Toncover a few points:
£15m needs to be raised by the RI
Remainder of the £40m (£35m) raised for relending will be covered by gearing and money amigo already has.
FCA will approve full relending by Feb, following the trial period. I thinknit is at thisbpoint that they will also conclude thier investigation and issue any fine.
Amigo then have a few months to sort the RI out before end of May. By this time they are home and dry, the scheme is closed (end Nov 22), FCA off thier back and fully relending (£35m limit until RI).
II will be buying back in then, who knows where the share price could be at the time of the raise? 15/20p? Or 2p?

How can news that amigo has been approved for relending, news which we have waited 2 and a half years for, only bring the share price up a couple of pence? FFS!!!

But today the duck was finally resussitsted

What restrictions in lending? The volume is only limited to 35m until after the rights issue and the 15m is put in isnt it? Then its up up and away?

Why would you call it a dead duck? They just approved relending!!!!

I agree the share price probably won't suddenly fly back up as there's still more hurdles but I think it will rise a bit and stay there this time rather than slowly dropping again as usual as amigo will now be active again- ads on tele etc making money (all be it Limited to start)

Amigo state further down the RNS:
 If the pilot phase is successful, subsequent originations are expected to reach approximately £200m a year in year two and grow to over £350m in year four.

If that's the case then would mean similar loan amounts to what they were doing before being investigated, when the share price was circa £2.50..... so what then? Very roughly could you assume a share price a 19th of that, ie around 13p?
If so VERY good returns to be had from any shares bought at the rights issue at prob sub 1p!!

Dilution by end of next may. Relending by next February

My guess is they are stretching this out until November when the claim period for the scheme ends amd they know thier final liability. Fca will then approve relending and issue whatever fine they want at the same time.
Once that's done and dusted it'll be a few months of marketing together the new products blazing away and the sp has to rise then.
Once it hits a specific target then the rights issue will be announced and concluded by may

Where did you get exrights price of 0.61p a share? We don't know they'll be selling them at a tenth do we?