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Nice to see a strong commitment from todays TR1
Nice to see 7.6m shares purchased yesterday vs the 4.6m sold.
I feel logic and common sense will prevail! Nice to see others buying and believing too.
This is a needed business who didn’t keep up with changing regulations, fine them, pay compensation to a few guarantors, don’t destroy.
GLA
Can £5m be wrong, the market needs a lender like Amigo right now, this case doesn’t feel right to me. The punishment doesn’t fit the crime, this wasn’t miss selling or deception, it’s a case of AMIGO not treating adults like children as required in our nanny state!
GLA
Personally I’d like to see more sales and profits before giving away the family silver.
This is a competitive space right now and so much work is required. 24 month vesting period minimum, SP milestones too would get my vote. I also think they should have a few million shares less than suggested!
Just my opinion
GLA
Biased, we have selected and believe this company will be successful due to market need, as such it should be profitable and hence be successful for those who invest, so yes we probably are.
However the compensation/SOA needs a reality check, this isn’t due to manipulation of any software emissions tricking you to buy this product over others. It wasn’t lying about the need to pay extra for unnecessary insurance.
We are talking about breaking policy that in no way charged extra or misled on fees. These policy checks are in place because people shouldn’t be trusted to handle their own financial outgoings, it seems, this is there to protect the minority from themselves, but now the CMC’s want to claim for the majority/all.
Let common sense prevail, let this business get back to providing a service, let’s see those truer claimants (Top up loan customers in my view) given some redress.
GLA
730k sold vs 230k bought today!
I can’t believe people are this short sighted. What a business, what a BoD, what a CEO.
March results are likely to be the best yet, BTC is extremely likely to be on a bull run given US inflation.
Selling now is simply depriving yourself of greater profit!
Each to their own, but I’m holding and buying where possible.
Risk or calculated risk, this stock is the latter all day long.
GLA
We stopped leading, hired extra people, processed and ever claiming number of claims. I believe the FCA will find Amigo did right and the FCA will be seen as doing its job throughly.
Whilst some will panic sell, this is the correct and robust process being played out.
GLA
2. Do we know what % of shares are held by PIs? Directors and Herald seem to own about 20% who owns the rest?
PI’s 42% and II’s 44% nice mix in my view
It’s very frustrating, this is my worst stock on HL for doing this, why HL? There’s no need for it!
I feel constantly let down by HL but from reading the boards other brokers appear worse!
Not good service given the money they make from us PI’s
I will leave HL the section a better broker emerges
GLA