Member Info for ShareLover123

The share price is down because a lot of people suspect, including myself, that this international travel freedom will be short lived.

Cases will continue to rise and countores will shut up shop this Autumn and Winter.

I don't know why people on here are in disbelief at the price going down for a company this is heavily dependent on international travel.

Vaccines aren't the golden bullet, at least for the short term, that people thought they were.

I got laughed at a few weeks ago for saying this will hit 80s / 70s over the coming months.

I do think next summer will be much better, however. We'll be a step ahead this time, in that the vast majority of people in major countries would have had their two jabs and even the most vulnerable a booster jab

I'll be back in <100

I got in yesterday and out today with a 3% profit.

It might hit 110 - 115 over the coming weeks after the gov announce double vaccinated people don't need to quarantine when returning from Amber listed countries.

But that Boris speech told me all I needed to know about the likelihood of more lockdowns or at the very least, tough restrictions come the winter.

It's painfully obvious what's coming over the next few months and the share price will eventually reflect that sooner or later

Agree with most of your points @snake. But I'm still yet to be fully convinced.

We'll be going from walking in an inclined treadmill to full on sprinting so to speak. I just think there are serious questions as to whether the world will be able to handle that in the next year or two.

If covid keeps on causing significant disruption to the travel industry in the next year or two I wouldn't be surprised to see another rights issue down the line

I do think it will work out well in the end. A 100% is from current prices are a reality in a years time I think.

But let's not kid ourselves here. We're in unprecedented times. This virus is extremely difficult to control because of the incubation period, is transmissability and it's ability to mutate.

When society around the world opens up there is a very real risk there. And travel / hospitality are the industries that will be most impacted.

Uncertainty on how we get back to life pre covid.

My personal opinion is our heatlhcare system won't be able to handle a fully opened society, despite vaccinations. Neither will the rest of the world. Borders will be closed.

I don't think that's a controversial opinion.

I see next summer being more stable, but I think it will get worse before it gets better. The share price that is...

As someone who is interested in RR, I think this is a risky investment at this moment and time.

There's a lot of positivity on this board and fair play. But I suspect we'll see 80 / 70 this winter and only then will I invest.

Despite the vaccinations, people still get hospitalised and get other respiratory diseases in the colder months. The NHS won't be able to cope this winter IMO. Boris has already said he can't promise there won't be further lockdowns.

It will be a similar story in the rest of the world. Countries will close borders and international travel will be grounded. And that doesn't take into account new variations that may be more resistant to vaccines and more transmissble.

The share price will get worse before it gets better IMO.

We'll see how it pans out over the next 6 months

@soletrader you're right, insolvency doesn't have to be the only option.

But the judge referenced debt for equity a few times in his report.

I'm sure it will end in an okayish resolution, but too much risk for me now and I got out at 10p.

The judge is looking for considerably more than a slightly improved SOA.

Amigo's judge suggested there could be room for improvement in the deal.

But reading the judges response, he'll want more than just a 10% top up on future profits.

He mentions debt for equity a few times as well.

I think we touch 50p IF the SOA is passed without radical changes and an announcement that relending will commence.

Especially if the above are announced in quick succession.

I know, right. He's either some 18 year kid or a very strange man

We don't know the decision yet. No one on here does.

Your posts could encourage an unknowing investor to invest in Amigo.

Let's all just be level headed here. There's no boom anything right now

Employees, that is.

You'd imagine a fair few people have jumped off the Amigo ship because of the uncertainty.

@Vinson , good to see you back.

However, as discussed before, I don't think you should be promoting this list. We don't know the outcome of the result and whether you think people from the likes of the FCA etc read this board, it doesn't help any cause by promoting it.

I suggest we just remain calm here until we know the verdict. of course, you can post what you want, but, that's just my opinion on the list.

I think the FCA's argument on share dilution just looks more and more ridiculous as the days passed.

Not only was it not 30p on the day or the court, but it's also now half the price.

It's been well documented, but the judge didn't like the binary choice of SOA or insolvency. Reflecting back on that point, it seems more like a technicality that hopefully won't have an impact.

Is there really a material difference between going into insolvency on the day of being declined an SOA or 3 months down the line? I'd say obviously not...

The FCA representative argued that they wouldn't go into insolvency straight away because they have millions in the bank, but that money belongs to the secured lenders.

On reflection, the FCA made a lot of noise, but most of it was complete nonsense. Quite staggering that a regulator body would come out with such rubbish.

Arguably even more shocking (or perhaps more frustrating) is that the Amigo lawyer didn't counter any of these points! Seriously, what the hell! Shocking performance from both Amigo and their lawyer. Awful.

The equity for debt swap is a curveball that I'm not as sure about. Seems so radical, but in theory, allows Amigo to carry on and creditors to get back (in theory) a larger chunk of their compensation? Could the judge turn around and say that the SOA wasn't lawful because it didn't include that option?

@MIKESM You'd like to think that the conclusion from the Woolard Review was included in the judges Amigo package.

I've personally halved the shares I own and took a small loss on what I sold.

What was said during the court hearing changed my perspective. I'm still in half my shares and am willing to lose that amount, but if the SOA passes, I'll still profit nicely.

Can someone hear confirm PwC rubber stamped Amigo's claim that it's a SOA or insolvency?

Do we know if PwC where tasked to look at other realistic alternatives?