The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
i believe we are a few weeks away from an RNS regarding SOA2. The committees proposal will have to be developed into a workable solution that is water tight verses the equity available. This must also comply with the recommendation from the judge. i just hope the FCA will more constructive and don't play the we don't negotiate cards again. the talaban can negotiate, i negotiate with my kids so why can't the FCA?
years end financial report, this is the most pressing issue and not soa number 2.
the years end financial results need approved by the fca and issued asap or forget soa2.
this will help stability and also help inject a bit of confidence. come on amigos board!!!
good news with funding extension
November funding
Further to the notification made on 26 November 2020, Amigo can confirm it has reached agreement for a further extension of the securitisation facility performance trigger waiver period to 25 June 2021. The size of the facility is £250 million. All cash generation arising from customer loans held within the facility is restricted and will continue to be used during the waiver period extension to further reduce the outstanding balance. As of the date of renewal, the facility was drawn at £132.4 million.
when the fca decided to scupper the deal at the last minute they as an organisation f##ked up.
they say they don't negotiate, well how can a compromise be achieved? especially at the last minute, heads should roll at the fca.
why didn't the amigo board be proactive and offer to differ dividends, differ they're share options, and do a share buy back to place them in the soa?
the board should've been more proactive, and present more of a carrot to the judge. missed opportunity from the board as they didn't increase the offer.
negotiation time and a compromise can be found.
for this to work the fca must fully engage instead of pulling the rug at the last minute. disappointing but a deal is achievable
isa don't be put off by negative comments, your contribution to this board is amazing.
the effort and detail in the multiple court proceedings assisted me and many others.
i wish others would leave the board, but not you.
you did ask for assistance yesterday during the case and no one answered your call. cowards yesterday but know it all's today.
thanks again, looking forward to your commentary in the
next proceedings, as this isn't over!
a deal tomorrow suits customers and shareholders.
the customer will get a return although reduced, instead of nothing.
the shareholder will get a return although reduced due to the percentage of profits awarded to the scheme, also instead of nothing,
so 2 winners if agreed.
2 loser's if declined.
i don't wish for or believe amigo needs to be taken over.
I am going to hold long term. if the court case is successful, both previous customers via the soa and current shareholders will do very nicely.
LTH
a bit of personal reflection is required by members on this board, because listening to use is boring.
stop ramping other shares or loads of potentials the odd option isn't bad. team ramping of other shares fs get a private messaging platform for your group.
stop arguing like kids fs, use are embarrassing always wanting the last word.
if you've added messages that number in the teens on a daily basis but with no amigo positives or negatives i feel you just need to f off and get a few friends, or someone to talk too.
amigo debate only - lets have positives, negatives, people who are good listening and cut the white noise fs.
they weren't 25p shares.
In many jurisdictions, ordinary shares have a stated "par value" or face value, but this is a technicality and is often set at a few pennies per share. Market forces, the value of the underlying business, and investor sentiment determine the market price that investors pay for ordinary shares
but they'll be worth more Very soon