The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So anything other than a rocket emoji is a deramper?
Anything other than telling everyone that "I just topped up" is talking down the share.
Pure old common sense is seen as a troll
Thought this was a board for adults to discuss shares..
Cue.. M&M playing games, huge after-hours trades, deliberately bringing the price down, massive volume. blah blah
Shares go up and down and never in a straight line. Shares go up on news and some trickle-down on no news, especially on AIM. If you want a safer bet then the FTS100 is for you. The great thing about the volatility is that big gains can be won but also huge losses. I have had both.
I didn't realize I was a troll if I wasn't ramping the **** out of a share. Time will tell and then we can come back and see who was right and who was wrong.
I bought in at 1.80 a few months back and I sold at 3.40.. I missed the high 3's and 4's.... I do believe this has very strong potential long term but I do feel it will trickle down to mid 1.50 again... Before shooting back up on hopefully a great positive patent RNS where it will go to 5/6's as a baseline and continue. DYOR
I saw some posts about shorts etc but if the above is up to date there are currently no open short positions in Amigo. Which was my initial worry with bybrook/JPM. I wasn't sure if they could turn shares into shorts?
As soon as I learned that businesses do not care about PI's and it is all based on money, not sentiment, was when I started making money in shares. People get to attached to shares thinking it "Will come good" surely the judge "Will have to pass it" decisions these companies make are based on facts and if they can close it down and start again they will. RMS is a great example of big directors swooping in putting in loads of cash and taking it out as soon as the small PI's start buying into the dream and the share price has rocketed and the small investors like you and I are sat looking around, wondering what the hell happened.
The only thing I would say with Amigo there has been plenty of opportunities to get out of this share after the FCA announced they would be in court. Those that have stuck and held either have balls of steel or too much faith that the FCA, the BOD, and the court wouldn't let a company go under.
As I said in my previous post, only the board knows if the company is viable for another SOA. I would love for Amigo to survivve. I am currently out as I am now 50/50 of the future I really can't call it anyway. The mention of dilution also worries me.
The worst case is Amigo is finished, how do people see a best-case scenario over the coming months? Has this not put AMIGO back 6 months? How long would another SOA take? Would it have to be voted on again? Does the FCA have to give approval? Will it have to go back to another hearing? When can they start re-lending? How long can they survive without re-lending? What would a dilution mean? What is the upside and risk/reward?
If you look at my history of posts I was quite heavy in this and believed in the future. If the FCA hadn't had got involved at the last minute I'm sure this would have sailed through and a re-lending announcement and we would be looking at a very different SP right now. For clarity, I sold at 23p two days before the court case, but I am still looking and researching to see if this is something that the Amigo Bod wants to revive. So I would say I am pretty impartial at this point.
From what I can gather, current directors and wives are heavily invested with their own cash. I believe that GJ bought three or four tranches of shares. I am trying to work out if Amigo were playing hardball with the courts saying that there was not an alternative option or if they truly believe there is not an alternative. I am not going to pretend I understand it fully, but from what I have read Amigo board is saying that with bondholders and creditors the numbers for a bigger percentage for redress simple do not add up. The judge however does not believe that Amigo will go insolvent and has asked them to look at a better and more favorable SOA.
So my simplistic questions if anyone wants to put forward their own thoughts are:
Why would the bod want Amigo to go insolvent?
Is there any advantage to Amigo shutting its doors?
Would anyone benefit from Amigo going insolvent?
Can the bod just start up a new company with the same team and start re-lending?
Can Amigo offer a better SOA and stay solvent and profitable?
How long is this process going to take, can Amigo afford to carry on operationally without lending, and for how long?
Will the share realistically be suspended again?
Are the FCA supportive of another arrangement?
What are the big shareholders doing? Buying or Selling?
I think if we can get some answers around these basic questions, then we can all make a decision on where we think this will ultimately end up.
Also, I want to say, there will be people that are in deep at 25p-30p plus and maybe some LTH £2.50+ (that have not averaged down or cannot afford to) and we should all be respectful of that. No one wants anyone to lose any money, the name of the game here is to make some cash, not lose it, and especially not to gloat in others' misfortune. I'm 80% down on RMS and heavily invested and it is not a nice feeling. So let's be nice people! We are all here for the same reason!
I might not be seeing the full picture here and I see that there is a lot of caution around speculative SP but I see it that we will sail through the vote, start re-lending and the SP shoots up almost immediately. If it doesn't start to shoot on relending news, after the vote, except other facilities and the offer of other financial products what would be the reason for a steady rise? I haven't been in a share like this before, I doubt any of us have, but if pre-FCA involvement it was trading at £2.70... and it was the suspension in lending and investigation and JB selling that led to the demise of the SP, why can't it reach those levels again almost immediately? Genuine question?
I can see this going to 30p pre-vote and surely once the vote is cleared, they will issue re-lending news and up we go?
Am I missing something here? honest, (half-articulate) genuine debate not ramping.
RiseOfThePorper - in relation to your question about pre-FCA involvement levels, yes I do. But it won't be instant.
From what I have read and researched and that is ALOT the plan is to start re-lending and then expand into other products. I would imagine finance add ons such as the Klana model, it could be that it is looking into some kind of online banking proposition. I have absolutely no doubt in my mind this will be past .50p at least by June. I don't want 50p though I am looking for double digits. This is Gazza's swan song and he along with his wife have got a pretty penny invested here. Always follow the money of director buys. You can see how much Gazza has pumped in. My only thing I have to worry about now is what colour stitching to have on my interior on my Ferrari. Its always been my Ferrari fund.
RiseOfThePorper
Price: 16.31
RE: Breaking throughToday 10:20
Does any one believe that this share will ever reach the strength it once had in 2019 around 270-300 per share
You will see from my previous posts I am a LTH although twice I have watched it spike and retrace again which if I had sold would have already made me £45k so I am kicking myself. Opinions if this will spike and retrace again or solidly building? Like I said I am in long term and as other posters have previously said a couple of pence doesn't make too much of a different long term (although I have got a few quid in so it does a little!) Thoughts?
Timmy is MOD under another account ZZZZZzzzzzzzzzz
Dim Tim - You are a snoozefest! ZZZZZzzzzzzzzzzzzzzz
Who is holding? Expecting a drop or onwards and upwards now.. noticed no tweets from JB!! He loves to get his ore in!
Thanks for yesterday ISA! Up, up, up and AWAY! Well done all LTH...
This share opened onto the market at £8 quid in 2003 and has since seen a steady decline.. can anyone shed any light with the history behind this share and the continued fall in share price, please? Eight quid to a penny is quite remarkable. Holder myself since the spike in July.
The story behind this company? It opened trading onto the stockmarket in 2003 at £8.00!!! Since then if you look at the graph it has been a steady decline... what has been happening? Been in this share since July last year and it has only gone south... it baffles me can anyone shed any light?
It's ok.. My Ferrari fund is resting on Amigo (insert emoji side-eyes.. maybe a laughing one)
Can't remember the exact date it was either October or Nov. It had spiked, then crashed to .1p then started to climb again.. That's when I bought in. What I do remember is that two days after I bought in there was an RNS from that XXXX at BRaveHeart who dumped the lot and then down the toilet she went. I'm resigned to it now. Crossed fingers, toes, hope and belief in the product.
Thanks, guys, £5k is really too much for me just to wipe off and can't average down as everything is tied up in other **** shares!! Hahahaha! You live and learn! I'm hoping that this really starts rolling now and hopefully some good news starts being pumped out. Am I right in thinking that there is a PR company on board who were given shares in lieu of payment? Does anyone remember this and if so who they were? I might contact them...
I think my frustration was the huge sell from that Braveheart which sent the share spiralling down and the almost Chuckle Brothers excuses about the machine being late and I know from Nov-Jan we just kept getting bad RNS after bad RNS. My view is that Gareth is a good guy and the product is good. So I do belive in what I have invested in, I just wish they would sort out the PR for this company and maybe employ a sales team to get the orders in. As per a post below.. I cant belive I am sat here five months later writing this. A decent NHS or even sports spectator contract would give this the rocket up its ass that it needs.
Advice soughtToday 16:44
I bought in here on the spike at .6p.... £5k worth... I then chucked good money after bad and managed to average down to .4p (don't ask.. the more money I chucked at it the lower it went.. ) So here I am 7 months later.. £10k invested at 4p and sitting around 55% down. It hurts. A lot! So WTF is going on with this share. Hold for gold or cut my losses?
I bought in here on the spike at .6p.... £5k worth... I then chucked good money after bad and managed to average down to .4p (don't ask.. the more money I chucked at it the lower it went.. ) So here I am 7 months later.. £10k invested at 4p and sitting around 55% down. It hurts. A lot! So WTF is going on with this share. Hold for gold or cut my losses?
Hey! I've been in this share for god knows how long, and I'm certain this is going North now and absolutely will reach £1 AT LEAST in the summer. I know there are people on here (de-rampers) MOD and BlueFiesta that have it in for Amigo so I would like to ask the general opinion.. I am certain it will hit .20p easily either today or by the end of the week.. Do we think it is going to spike and redress again before the next leg up on its way to SCO approval or do we think it is going to continue North.. Even though I am a long term holder, I have to say I am annoyed at not selling at 19p and getting in lower. Genuine posts for genuine thoughts... doesn't seem to be very many of those on this board ATM. TY RR