Member Info for Senator1

Anybody know which broker JB using? It is very dumb execution waiting to end of day to offload 4.75m shares which was case Friday and now today. Its suggests to me he wants to drive price down, I wonder why? Certainly keeps management under pressure i suppose and I guess he has enough money. I am still amazed though that someone willing to give him c.400K every day . Madness

If they were trading at 50p in the £ in any meaningful volume it implies the equity is worth zero at least according to these credit investors. I suspect they dont really trade so this is just theoretical. However if there are any sellers Amigo should buy and then the discount goes straight to P&L. If Amigo dont buy it is telling you they are worried about the cash need for claims. This question needs to be posted to mgmt. This is the biggest tangible signal there is, IF the bonds actually trade which I personally doubt.

B sold at 9.91 today so that wasnt an algo as sp above 10 most of the day. Interesting, the sub 10 brings out the big dogs!

The good news is its only 1/2 mill a day, the bad news is its for 40 odd days. The question you got to answer is will the bulls keep averaging down. The volatility on this has dropped a lot compared to a few weeks ago, that is scary as it is always a percursor to a jump one way or the other. Who knows which way as it is very hard to second guess retail and at the end of the day its only 20 odd million so retail might hold it up. I wouldnt beat on it though, 10s a big figure so psychologically important. Keep that parcel moving

sanctimonious=shorter, you do print a lot of drivel. Print something insightful about Amigo? amaze me. You certainly dont know what net assets mean, try something else?

No I didnt, I wasnt taking about net assets, i was saying what the liquid position was. Net assets actually £298M dumb ass.

Nope; 130 cash; 500 debt is 370m net debt.

Im confused by the irrational and desperate thinking here but it is fun. Fun and interesting. Certainly this is a great example to show that the markets are far from efficient & incorporate all information. In the face of the blindingly obvious some players cling to blind hope. However there is one thing that I think has the potential to help them to subsidise the claims. The £200 odd million of secured notes which are trading at a substantial discount. They are not lending so if they start buying them in that is your real signal as that goes straight to the P&L. If they dont do this it means they feel they need it for claims. There you go, some crumbs for the bulls

My guess is that the net change in the shareholding is the 4.75M shares sold by B which is only £500k or so. The volume of 25-30M is explained by the velocity of 5-6 times as the same shares are flipped over and over through the course of the day and thats why this sp is so volatile. Round and round she goes where it will stop nobody knows. So long as people want to play this game and new players step up every few days this sp might make it through the next month or so but it will be volatile. Indeed it has to be volatile to attract people to play. If the players lose interest it only has one way to go as there are clearly no big money buyers. It is total rubbish to think that some are going to 2.99% in different vehicles as this is totally caught by the rules. Nor is JB a buyer or his wife as some have suggested as this would be spoofing/misleading the market, this is a criminal offense. JB has shown himself to be stupid in some ways but he is not that stupid and certainly no broker would act for him knowing what he has told the market. The best you can do is keep chattering, keep it volatile and hope that not everyone gets bored as then 101 economics takes over i.e when there are more sellers than buyers, the price goes.....

and just to add a little more realism, every time you pass the parcel the only ones really making any serious money are the MMs because they live off bid offer spreads and this share right now is a gold plated gift

no no no, you need to keep playing pass the parcel, if you dont all hell breaks loose. keep dancing,

The 1% is not sold at any one time. It is an irrevocable algo doing 1% of the daily volume throughout the day to a limit of 4.75m shares. So every time you see a trade closed he has got 1% of that. So heres the rub. The more the game of pass the parcel is played by the headless chickens the easier he gets filled. If the game stops the price dives because a buyer has to be found for whatever remains on a daily basis. Thats why I said nobody can call where this goes because to do so you have to call the size of the pass the parcel game and how many headless chickens are playing and thats impossible. What I do know is the minute the music stops the price falls. Of course if the music doesnt stop then it wont fall in the dramatic way I think it should. So you better hope somebody keeps passing the parcel at least until a more informed view can be taken. Its total nonsense to think there is any discretion in the irrevocable execution.

stupidity annoys me

inarticulate drivel

i have forgotten more than you know!

and ytd how much have you lost? anyone can have a winning day, anyone. the game is about consistency and an edge/system. If you don't have that you will lose. As i said if you enjoy punting keep on doing it, it hurts no one but eventually you will lose to the more skilled. The only thing annoys me is people touting rubbish or saying stuff that is manifestly untrue

If you truly are a punter with no system the longer you stay in the game then it is a mathmatical certainty you will loose. While in stocks your buy low sell high holds, in f/x it does not. You buy high sell low

and from your comments I know your knowledge base is very low. Eventually, with little knowledge you will loose everything. Punters eventually lose, the maths is against them

i can feel your losses from here, you keep rallying the chickens

im not upset in any way. All i'm saying is when you are punting, know your punting. Dont try and explain with technical analysis or hope of some white knight quietly building a position.
If you are happy to punt I have no problem with that but it does get in the way of picking up the 1p share which is the ONLY logical trade, maybe 0.5p