Member Info for RickEngland

The issue is Amigo board effectively said give us what we want, or everyone gets nothing. The judge called thier bluff and said we think you can do better than that.

Which basically means shareholders will probably take more pain, in any new plan to be proposed to the high Court.

Now how long will that take? Amigo not lending, nor paying compensation, so their risks continue to grow by the day. Add to that delayed results and potential thier creditors lose faith.

I foresee a debt for equity swap looming with creditors. I.e. a share dilution. Or even a cash call to shareholders. Yet even if that happens, what is the impact to future profits over the next 5 years?

The judge was pretty clear in my view, fund your problems another way, and come back to me for my consideration. Ouch!!

Rick

Fair poins by the judge. That demand of; "give us what we want or we'll go under" was never going to wash.

Appealing is a waste of time, any judge is looking for a "fair" balance. So looks like only option is heavy dilution. Ouch.

Doesn't matter how trendy a product or service is, the market is brutal and impatient, it demands results not forecasts. I see potential here, although I reckon it will take good 3 - 5 years for that to feed through. The big question will be if there's better returns to be found elsewhere while waiting.

Still watching, still see short term downside.

Rick.

In their 2020 results, pension bee reported a £10.4m loss that's double 2019 despite 82% growth . If shareholders are happy to accept the share price going down for say 5 years then enjoy the ride. I think there needs to be trends of reducing losses before investors can see real potential. That's going to need a huge swing in revenue, to cover current growing expenditure to justify a current £400m market cap valuation.

Probably waiting for Charlie Nunn to start, so he can lock in his share allocation and options at a good price, then start the buyback. Not long now.

Some investors are happy to make £200 and walk away, others are prepared to hold long-term and gain dividends as well as capital gain and make £50k.

Will also be lots of inflows and outflows of shares as pensioners cash in their required pension income. Loads of reason why shares sell even if the firm is doing well.

I've done some digging. The firm lost £5m in 2019, despite huge growth. They use financial institutions such as L&G to manage their funds.

We seem to be in an era where fashion coolness hype and hope signal success, rather than the bottom line "profit". I really find that strange.

The only plus side is they raised £50 - 60m, which should last a while, depending how much it costs for ads to drive more growth.

The question is how how many billions in assets do they need, to generate enough income to report a profit? Looks to me they need 5x current revenue at least.

I like the concept and brand, but I dont expect to see a profit here for 5+ years. I might dip my toe in, if the share price more reflects a loss incurring business. I'll wait to the hype dies down. On watch list.

Rick.

Don't you think it's overdone? It's like saying I'm going on holiday and had all my vaccinations for all the dodgy viruses I could catch. Then someone says yeah but your still not protected haha.

CET is basically excess capital. 16%+ an insane level of liquidity. So I guess it's fair to assume excess cash is built into that CET ratio as well. Probably not including provision. Add that and the numbers are looking incredibly healthy.

It's all political at the moment. Waiting for the new CEO to start and make those decisions, rather than wait for the regulator to ok div distribution. I too expect quarterly divs to start at H1. £2bn q1 profit is superb though, all those divs sitting in the pot. Need a buyback as well. All in good time.

50p in 5 months, I like your optimism haha. Not getting that without sales data and costs of sales. 12p is doable though with product release.

Yeah it's my only share in the red as well. Normally I'm a good picker. Needs time and patience.

£40m market cap is not a lot in the scheme of things. Its not hard to sell few million quid of product. I only bought 6k shares though at just under 10p (tiny play here). I'm more confident with the potential of knb right now. Knb have 361m shares in issue as opposed to cbx just under 505m shares. Different markets though, and differing ideas. Doesn't matter how much due diligence we do or research, there still needs to be a product. Fashionable share though, maybe "go woke, go broke" doesn't apply to these shares, time will tell haha.

I'm down on this share got in although 10p, although I was under the impression they're going for the luxury brand market. I think a relaxation massage cream for adults would sell well. I'm just not sure about the pet Market, but keen to hear what cellular come up with.

Still: release of products should lift the stock, so as you say boring until they reach that milestone. I hear Beckham has been involved with this since 2018, and quite passionate about it. Maybe we'll be pleasantly surprised, especially if Victoria can help it along too.

If they can get the branding perfect, and make it a desirable fashionable product, we could be onto a winner.

It is a gamble play though, for sure.

This firm listed as a loss incuring business, with the potential for growth. Therefore the amount of money the firm wanted to raise, meant billions of shares were issued to raise that capital.

They're unable to buy back shares until they make a decent profit. If they make a profit they will have the liquidity for either buybacks, dividend payments or use profit for investment for growth.

As the revenue situation improves with further sales this is likely to reflect in an improved share price. That's if costs don't escalate as well.

Also cash might run and and they come calling for more liquidity, which means more shares and dilutions.

Warrents could be exercised too, which means more shares in issue (that's shares board members or staff can buy at a lower locked in price).

Doubt if half a penny will have much effect though. That was the "minimum" they could pay us, without upsetting the regulator. Which means they're still sitting on tons of cash and capital. Including the 2019 final of 2.25p a share.

Ohh falky, patience patience.
Watched your posts for a year. My view has always been, what ever amount of "time" you suffer during the pain (I.e covid meltdown). Have at least equal amount of time to enjoy the recovery. Which is a good year.

I want a good 5 years of divs myself and at least back to 55p. Remember 55p was when PPI was still an issue, that's all over now.

Waiting for the new guy to take the helm and announce some buybacks. I assume the CFO will just keep it sticking over until he arrives. Fine be me. Let's not forget the CFO did buy 500k shares at the bottom of the market.

Rick

Should be 55p. In good time.

We can't have revenue streams without a product
We can't have products without a team.

My view is that the board state autumn for first products. So if they stick to that plan then all is on track "as planned". That's fine with me. Delays would another story.

Always a long term hold, so not worth watching it everyday. Seems fair to assume that when products are for sale, that should help the share price.

Actual sales, revenue generation and cash collection is the next big hurdle. Interested to see demand for these products. Time will tell.

Rick.

Looks good to me foobar. I think the board are playing the game to get 2020 results out the way. Build even more liquidity for huge share buyback in 2021 and better divs. Politically it would've been difficult, to report less cautious 2020 results.

The firm looks rock solid to me, tens of billions of spare cash sitting there.

Rick.