Member Info for Soundsrisky

Yes @tradeuk I do think it’s a done deal. Regardless of any past indiscretions, Amigo is now seemingly a focused and well led company looking to support with obvious lending needs and working closely with/alongside the FCA. I’m not saying it can’t happen, but to me it would be lunacy for the FCA to throw that down the drain, put 400 Amigo team members out of jobs and hand money in the company to administrators rather than customers for redress. Our board know, from inside first hand knowledge, how the FCA operate and no doubt have productive links with them. Once that RNS drops then it’s new board member joins, relending begins, profits start to roll in again - generally an upward trajectory and initially a very quick one. Many new job roles have been advertised in recent weeks and we still have new board members rolling in, who will be aware via NDA’s, of the detailed situation behind the scenes. Would all of these highly qualified and experienced new board members leave current jobs in the present climate to join a company going down the drain. I think not.

My prediction then, not advice. Fluctuations around this level until the FCA approval RNS early in the new year. Good rise if approved. Followed by re-lending RNS - another good rise and potentially immediately following the FCA RNS.
I agree, Seamus, they won’t wait for full legal approval which will be many months away. Judge will want to know that -1. FCA approve (they will - my opinion only) 2. Customers agree (the majority will as the alternative is to receive nothing). The scheme removes uncertainty which will be positive for all stakeholders/shareholders, and the market.

Thank you, Omar. Great research and much appreciated. I also believe that the scheme will be accepted and that it has essentially received the nod from the FCA already. So to clarify, you expect the FCA response to the proposal approximately 9 days after the Dec 21st RNS?

I believe they say on the investor site that they could begin re-lending before a SoA is agreed, so it’s very plausible and would make sense to do so.

I think I must be maturing @Ex ; )

I found it very hard to buy an additional 12k worth of shares earlier despite selling going on. There should be plenty of availability to buy but there wasn't. Convinced the deal has already been agreed with the FCA.

Another 2m in support. Email sent.

*Not great reading.

No great reading.

They have £5m now. I’m sure they can figure out a way to get a delivery to where it needs to be with those resources at hand. Don’t worry ; )

Appreciate that the masks are not yet in production but if anyone thinks this situation is going to end anytime in the next 6 months they are seriously mistaken. The masks will be in production shortly and we have, potentially, the best mask available to help to deal with this. As we have the patent, would it not make greater financial sense, now that masks are being made compulsory virtually everywhere, to license the product out to other manufacturers?
I'm not sure I'm qualified to offer any advice and so I won't but I will certainly be holding onto the shares I have.

I am stupid with balls of titanium. Perfect combo for this share. It’s up from here. Enjoy the weekend and relax : )

Good work, @Carr. Much appreciated.

@thegun - Nope.

@lenny I do actually think it will be enough and on the recent investor call, that was alluded to. However, I see re-lending as a safety net just in case it isn’t. Amigo can generate so much cash when lending that historical claims become much less of an issue and will de-risk this share. New systems in place now should ensure that this situation does not re-occur.

Lending to be announced and resume very soon. Lending will (should) cover claims costs. This company is being set up properly from the ground up and will be extremely profitable. There will always be claims for any such institution. Buy while you can at these levels.

Gosh, not sure what that dip was about but picked up 107000 more shares at 9.34 : )

Oil nudging $51. Goldman Sachs predicting $65 oil for 2021 : )

Filled my boots on that 31p dip. Oil continuing to creep up and hold strong at $50.5. Only a matter of time before this resumes its rise back up.

Just enjoy the drop and buy more :)