Member Info for RockandRoller

Also in response to your post @TheBigDosser and without being churlish.. all the information you need is on the Amigo investor website. Any company that has shares on the stock market has to provide investor relations by law. This is a good first stop rather than Facebook, LSE, Twitter or Google.

Sounds basic, but when you are buying shares you are 'investing' in a company, therefore you become a shareholder..

https://www.amigoplc.com/investors

https://www.amigoscheme.co.uk/

Just in time for when the pubs open and we can all go celebrate....

You didn't look very hard!!! See below! You're Welcome..

The approval process for the Scheme
The proposed timeline for Scheme approval is:

30 March – First Court Hearing
The main purpose of this hearing is to convene the creditors’ meeting. This is not a rubber-stamp exercise – it will consider the fairness of the Scheme. It is likely to take several hours and FOS and the FCA may make representations to the Court. All creditors covered by the Scheme are entitled to attend and speak – this includes all Amigo customers. The hearing will be online, so that will make it easier.

If the Hearing gives the go-ahead for the creditors’ meeting, Amigo will publish more details about the Scheme and how customers can vote on it.

Late April – creditors’ meeting
A formal creditors’ meeting will be held online where customers and FOS can vote on whether the Scheme should go ahead. But you don’t need to attend this online meeting, you will be able to vote on a page that Amigo will set up for this.

10 May – Second Court Hearing
The second court hearing will consider whether the Scheme should go ahead and whether it is fair to customers.

If the Scheme is approved at this hearing, the Scheme is expected to start in mid-May.

I'm no expert but I don't expect ever to see 15's again.. This is building and someone/same institutions is buying or building their position here. Expecting another TR1 RNS.

Promise you will name it "Boats & Amigos" :P

CryptoChris
RE: Seen it beforeToday 11:41
I think I will upgrade to a better fishing boat!

@Shanieg69 - Who said anything about Range Rovers! An Enzo is the dream, but I was thinking something a little more modest like the Ferrari F430 F1 coupe.. let's regroup in 8 months! :)

To the person who posted they have seen this before...

I have been in Amigo longer than I care to remember. I was sat on a £20k loss for nearly 7 months. This is nothing like what happened last time on the run up to 20p in August last year. For anyone new here I will recap. (The old founder JB was selling off his stake at 1% a day before asking for another vote to get back on the board/takeover. The lead up to 20p came as his % of shares started to fall to single digits. On Friday close when the SP hit 23p intraday and closed at around 19p JB set out a list of conditions, he wanted the board/company to respond to. The following Monday the Amigo board rebuked all of his demands and the SP tumbled to around 12p. The SP rose slightly on the lead up to the final vote of JB, which from memory was around 13.5p... which he lost.

Since then, many of the old school Amigo team have been removed and a new and very experienced CEO Gary has been put in place. Gary has rebuilt his team and a roadmap for Amigos future and the handling of claims, which was and has been Amigos thorn from the very start of the demise of the SP, alongside the promise of diversifying and adding more products to the business. Gary has put forward a scheme that will ringfence the claims and give claimants a % of a specific pot as well as a % of future profits. This needs to be approved by the FCA which has been stated at the end of March. If this gets approved Amigo will give the green light on re-lending. This is when we will see a true reflection of the share price not under the clouds of claims. There is no reason for this not to hit the highs from before this whole mess started.

For me, I hold a huge percentage of all my shares in Amigo, it's a huge gamble, but one that will hopefully see me comfortable with a nice shiny sports car on the drive. I can't say I have always felt hopeful, especially when I was sitting on such a huge loss, nearly 70% down, but I belive with the team they have in place and the continued buying and support of huge investment companies, who have much more knowledge and experience (and dare I say insider information) than us small-time private investors.

There will always be people that cash out for a small profit, that is what trading is all about, hopefully making money, after seven months of sitting on a huge loss, I had always said that I would cash out if hit near my SP. Now I have a decent profit I am holding for the long-term future, I am not going to de-risk or skim, I am in for the long term.

If you believe in the future of Amigo or at the very least believe that the large investment companies know what they are doing then I believe holding will pay off great gains in the long term.

As always, it is your money, don't take advice from these boards, take the information given and do your own research. GL

*starts looking at Autotrader

Been in Amigo since July last year, traded a few times. Been holding again just before JB lost the vote last year and in £30k at 13p. TBH I never thought we would see the SP this high before the FCA decision but with hefty investments from solid companies, this now looks like it's going long term. Was going to sell, now I am going to long term hold. With new products being hinted at and Gary having a new direction for Amigo, this is now looking like low-risk V's high-reward gamble. I can see no reason that once the FCA gives the green light, they make announcements on their new products, that there is no reason this won't go to £3+.

What are your thoughts? Selling before FCA decision or Holding for gold?

@Shipper - Long Term Q4 next year reasonable to expect £145- £1.70.

I'm sitting and holding.

This company isn't going anywhere, claims will be sorted and now more than ever people need loans.

Those in it for the long term claims resolved, lending restarted. What is the top-level the SP your expecting to reach and what time frame are you looking at? Long term holder, locked and loaded £40k of shares at an average of .12p

im in at 0.8p probably should've top sliced, but i thought we had further to go. This will redress back down to the usual state of play again, 1-1.4 until they announce the rest of the news. We are long suffering LTH that hopefully will eventually pay off. Let the day traders go.

Do we have any exact dates?
Claims?
Q4?
Relending?

Im in at 14p and i'm in now for the long term, relending, closing of claims.. its all looking good. It might not reach £2.73 anytime soon but i'm hoping for at least 45-70p by Xmas. This company isnt going anywhere, anyone who says otherwise just wants your shares, no other reason to troll the boards. VIVA AMIGO!

Nice low SP there Twinkletoes! Been in and out and got myself spiked, averaged down to 14 now. Hoping for it to hold the twenties short term and happy to take half out and leave the rest to ride. If the company is going to carry on and keep giving loans and sort out the complaints, no reason for this not to be back to the £2+ (nearly £3) share it once was. High risk, high reward. Pretty sure this is the bottom.

TwistyMinkle what a lovely handle.. Whats your short, midterm and long predictions for AMIGO?

Short (4 weeks) Medium (6 Months) Long Term (1 year+)

Close at 13/14?

is Rocknrolling.... :)

I told you guys since 2pm... driving the price down to fill up, just look at the sea of buys.. Newbies and stop lossess and people that panic.. we did warn you, now jumped from 10 to a COP at 14..

worth of shares but we let me sell 5million...

UP the top there is a little button that says VELA Share Trades.. you don't need to take other peoples word for it, click on that you can see the buys for yourself. Always do your own research, and as much be weary of rampers, be weary of derampers who are either shorting or looking to get in cheap.

The time of day... Obviously shorting or deramping. Think about it.. if you are not in a share, why would you spend a nice sunny day, like today, lurking around share boards that you were not invested in or wanted to get in at a lower price... Click on the trades.. sea of blue just see for yourself.