The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Can't fault you if you feel the risk is too much now and want to recover some of ya hard earned.
The swings in the past month suggest you will get the opportunity to sell in double figures.
I would like 14p for a slice and free ride and then see what happens. You never know Amigo may sort is s**t out and be worth something again.
I agree Yuri there is so much here in the balance. That is the risk involved. Hence the SP.
If you don't mind me asking, what's your average and what are you hoping to bail at?
We know there is currently a big base building at approx 7p a share
Today, 8p
A week ago, 8.5p
A month ago, 7.5p
We've had mixed news in a month and you could have made or lost in that time but we're loosely the same.
This SP will not be 8p in another month. So much going to be revealed, my money is on SP going north
5.7p for me. Il wait for 11.5p
Buy limit set at 5p, im easy whether it gets triggered
I enjoy a good healthy debate especially when the counter keeps feet on the ground and helps balance these boards. Remember Sunday, this was going to the moon and we know what happened.
We are all trying to make, Let's not get nasty and personal.
Are we kicking on today? 8s or 9s fin?
Thanks Jimzi, so what's the catch here? Huge backer in HSBC. They are looking the increase capital for expected growth. This was 30p in March and higher last year. 7p seems like an excellent entry price
Amigo has taken a further hammering this week due the amount of cash it has to put aside for claims, which was much larger than anticipated and possibly more to come. Does anyone know NSFs situation with claims of 'irresponsible lending'? Is this likely to face the same issues as Amigo?
I sold my stake in AMGO yesterday - at a loss. I'm not a fan of banking a loss but after update my faith has wained and saw opportunity elsewhere(nsf and sng). I think this could drop to 5/6p this week. Conversely 1 bit of news ref JB could send this much higher than 7. I will look to get back in soon hopefully before the train sets off, not sure what time it leaves?
Will be a red day. The reality of the situation is now all laid bare and it's broadly in line with what some on here expected(ISH).
New Guy coming in is very positive. Paves the way for JB intervention.
I think nearly all this news is already reflected in the SP.
Red today but big blue in a month
So many questions will be answered in the next 40 trading days or so, probably sooner. Monday is big, we will get an indication at the health of the business. I hope it sets us up nicely for Board and shareholder updates that will happen soon!.
As for SP Monday, no idea. But SP in 2 months when the dust is settling will be higher than 10p, way higher. 34p would do me fine
After hearing Colin earlier I immediately put at automatic buy order at 38p. The indicative price was 36p. Thought I'd avoid the scrum in the morning by doing so. However it is already executing the trade.
Is this likely to open above 38p then? Am I likely to get spiked?
This is a risky investment, however
Risk for me is losing £3k or watching paper losses, as I am at the mo.
Reward is anyone's guess. My £3k at 9p could be worth alot more. x5??
If amgo don't go bust, I think I will experience the risk followed by the reward. No one likes paper losses but they are part and parcel of what we do.