RE: Once the dust had settled29 Nov 2020 09:16
Hey Mark
I totally understand the stars would need to align and they rarely do
For me I'd rather any cash is spent on growth as that's why most of us are here
All I'm saying is, the fundamentals of the Amigo model works and meets a need within this market. We know the FCA will most likely ensure the lending criteria makes it slightly harder to lend with current product but I'm sure there will still be a large market and GJ is looking at new lending models.
So if the stars align- All issues relating to FCA tick, All historic claims sorted tick, Credit line tick, debt under control tick, great team, tick tick, huge market for products after COVID,tick tick, don't release more shares tick Etc Etc Who the hell knows where we will be in 3/8 years
I don't think you can compare Llyods in 2008 and Amigo in 2020
Lloyds didn't just need bailout from Government, they needed to release more shares on top of that to cover the financial crisis then they got hit by the PPi which they were one of the worst culprits
Rather than using Lloyds, why not use Barclays as an example from that time ? For a short time you could pick up their shares for 50p and within a year they were £3 (pre brexit) and shortly after paying a 4% div
I totally know this is NOT a dead cert as we all know but I'm holding for gold right now until I'm convinced otherwise :)