Member Info for Senator1

Now second largest shareholder, up37.6M shares since the 13th, followed by IB 13.9M shares. MIC haven't moved since the 13th. Share is being taken over by retail. Crawford now 4th largest shareholder with 28.6M. Apart from Richmond biggest seller in July Premier Miton, sold 22M shares and are now out. As I said many times the ups and downs of this share has been retail v Richmond and Premier Miton and Invesco & Vanguard selling. The good news is that PM are out so you only have to worry about Richmond, Invesco & Vanguard and the last 2 are almost out.
Who is going to take all this retail interest out and make them millionaires? 43M shares at HL, IB 16M, Halifa 11M, Redmayne 10M and on it goes

if it goes to 1p/0.5p it will be a knife that has fallen, not falling!

what I am saying is you shouldnt buy in the face of a large multi day irrevocable sell order, its totally daft. Surely if you see value at 7p and you know it will fall if retail stop buying, then that is a good short term strategy. Then you get it lower and make even more money. There are generally no free lunches in the market but this is as close as it gets.
I AM NOT TALKING ABOUT VALUE FOR THE LAST TIME!

absolutely not. I have been very clear in what I said. You are putting your interpretation on it but you are over thinking it. I am a professional trader my thought process is very clear and to accuse me of not having balls or nerves is just stupid. I take calculated risks every day but only when the odds are with me and I never try to catch a falling knife or be with the herd, if the herd is retail. Im afraid this is a zero sum game and the easy pockets to clip are retail particularly when retail living in the land of conspiracy theories and HOPE.

I said long ago that the number it will fall to will depend on when retail get tired playing pass the parcel and I remember saying keep dancing if you want this to stay up. You tell me when retail stops buying and I will tell you when it goes to 1p. That is absolutely clear from the buying and selling of the last few weeks.

u asked what was ideal

half a penny, thats pretty ideal

The herd is with high probability wrong and you only have to answer this question. Who is the dumb ass or martian that arrives on earth and buys and takes out the herd after they gorged? The herd is always looking for the dumb ass who has just woke up. Good luck with that as a strategy!

I have used the same argument all along, I havent changed. The sp should go very low if retail stopped playing pass the parcel and the only one who suffers ST is JB but he doesnt need it. I have never once said what its worth. I have just said that in this weird situation if retail were smart and played the game all those who think its cheap will get an even better deal. Dont know why you & others finding this argument so hard to understand. Its basic supply/demand which drives the markets. Also there are no absolutes in the market so I would never use a term like always, thats for amateurs. Its a game of probabilities.

i think your handle says it all

There is no hiding going on, since the last filing JB sold 33.3M shares, HL bought 37.6.Other inst sellers, other retail buyers but they are main ones. The maths works. These conspiracy theories are total rubbish. It's the LSE for Fs sake, not some too bit exchange in the middle of China.

Interesting filing today. HL shareholders increased their shareholding by 37.8M shares between April and July making them the second largest shareholder ahead of MIC, up from 7th. Other retail type entities also all up by 14m,10m,9m,. So its clear most of the selling by JB going to retail. No material institutional increases since 13/7. That means you are with the herd and in 20 years of trading the place I like least is being with the crowd. So my sincere advise is stop buying and you will get this share very cheap. If you think it has value at 7p, think how much for valuable it would be if you got it for 1p. To be clear I am NOT saying it is worth 1p, 7p, 20p, £1 but be smart and play the game for Fs sake

i have no idea what your saying, gibberish

Your asking the original poster to double check, most of what you said is total rubbish. The total cash generated in Q4 to March 2020 was £34M (FACT), that's c.£10M a month. The provision was served (your term) from the P&L statement not assets. It accrues to cash over time and mgmt and auditors think that will happen over the next 12 months for most of it and so most of it is booked as a ST liability. They are walking a tight cash position and this will be a real problem if the securitisation facility goes in to drawdown. Those are the facts. I agree shares not a buy but a bonus award. Why anyone on the board of Amigo got a bonus last year is a joke and really taking the p.ss.

your an embarassment

your an embarrasment to the qualification IF and its a big IF, you are a qualified accountant rather than a book keeper.

I know, like I knew how the provision was accounted for

p.130; note 18 ********. There in black and white. Some accountant you are, Im a humble trader but know more than you. You are now a proven knob for anyone who pulls up the accounts. God help the company you are signing the accounts for.

Moreover, I dont think they will get tax relief on a penalty payment, that would be a farce

the provision is the £117M for claims and its recorded as I said, most of it ST but not all, £10M or so from memory