Member Info for seamus12

Good morning Puppy
Thank you for the laughs this morning
Not only do you use baseless facts unless copying ours
You now this you are better placed and more knowledgeable than the incoming CFO & CRO
You really are a sad little man
Now pop off and stop trying to hinder people making money because you can't afford to invest

And a chief Risk officer I got over excited on new CFO and stopped reading lol
It’s should be a good day Amigoers

Mayan wasn’t pushed ? My arse lol
GJ little black book strikes again ;)
Quality CFO with turnaround experience, he would of looked at the books so would of run if he thought it was doomed.
Well done GJ

Also, in my tiny minded view :)
Regarding the vaccine, if it's all above board and we will start to get life back to normal by spring this really helps Amigo.
That will be 12 months of people receiving 80% of what they were used to and more for 100k's of self employed who have paid themselves via dividend as they will of only had 80% of minimum wage
But, it also means many MANY jobs will be saved in lots of industries, travel, entertainment such as theater and concerts, events, public transport and of course pubs etc. Any longer I would of expected GOV support to dwindle and more bushiness to go under
Come next year we will have an unprecedented number of employed people wanting to get back on their feet, want to enjoy a holiday or splash out on something new as their job is safe. I don't expect banks to be that forth coming as they weren't after 2008 as they will still of COVID loans to collect before they really know how this has effected their balance sheets
Get this right with good marketing and solid rules from FCA and we could have a record breaking year :)

Priv
If we get news pre results we are laughing
If Nayan is going on the 2nd Dec I'm hoping we have someone in post in the next week or two. Nayan would have at least a 3 month notice period both ways and most likely 6. This says to me there is someone lined up as GJ wouldn't want NO CFO for any period even a crap one lol

Personally I'm not a trader so today's only issue for me was Vela down
To be honest I'd invested here pre covid stock and we know there is money for new investments so even with the drop I wasn't too worried.
Also COVID isn't going to vanish over night so if these trials can move quickly there's still a lot of upside

Franky, I think Nayan's position was untenable and GJ knew this but couldn't boot straight away.
If I was GJ i would have someone lined up out of my little black book before booting him
The announcement of new CFO could be massive, what good CFO would join a doomed company ?

Sorry to hear that Mark

:)
I'll sensor my WhatsApp messages to you lol

Ex
I'm not sure JB has the same amount of PI's supporters now
I think most just want to give GJ the space and time to do his job and get us back to where we belong
Personally I think JB would of struggled to get us back on top, but we'll never know

Sorry GCN, I didn't mean to offend anyone here
Although I didn't have you down as the sensitive type ;^)

Let's hope they gave him a golden shower :)

new complaints about guarantor loans increased quarter-on-quarter by 298% (to 4,191),
Let's look at worst case
80% are Amigo = 3,352
All these are upheld @ average of £5k
For Q2 claims, cost to Amigo @ £16.7m
£16.7M and this is assuming ALL are successful and none are solved via readjustment (and we know many have been dealt with this way) and we KNOW GC is working with FCA to deal with false claims and CMC's who are producing 75% of all claims
The RNS implied we have reached the peak so I'm holding
As always, don't take my view as read and DYOR

And ITISA
We've never really discussed the value of the loan book
Anyone have any idea what that is ?

I'm pretty sure the £1 also purchased their debts and rents

Just an FYI
My post was aimed at HH
I knew they weren't lending to key workers and I'm not sorry. To me it says they are focused on the important jobs at hand
Why worry about uncertain scraps today when you can have a feast next year and know you won't be asked to hand any back because you are stuffed

From RNS- it is difficult to quantify the impact but current expectation is that the provision for complaints will increase from £116.4m at Q1, to a level in excess of £150m
At Q1 provision was 116m to current provision of 150m Where is your extra 124m coming from ?

Franky,
This is why GJ increased the guesstimate to 150m
He has also said he is working with FCA to engage with the CMC's on false claims which if successful could be massive
They are also dealing with many claims with redress rather than just podding out cash
Also, maybe i'm clutching at straws but I'd expect an RNS to be written very carefully and if you read it, it states complaints "remained" high for longer than expected. Remained to me equals past tense so maybe they are starting to reduce ?

Please share your workings
And your portfolio as previously asked

Hey trade
Are you saying ALL the outstanding claims customers are 2517 ?