Member Info for Spadger42

I don’t post as often as I did, probably a year ago but just read a few posts by S James and thought I was back in the days of James Benimore ? Wtf

https://debtcamel.co.uk/amigo-scheme-timetable-approval-how-work/

Ok so the link below is a little old but it’s the basics of what we knew a few months ago. Importantly am I right in believing someone ? Has guaranteed the debt ? Thereby allaying all fears ?

Not posted in here for months, it all got a bit *****y and the de rampers had took over. I’m still in awaiting £1 or higher.
Waiting on lending again and further news which I think is coming this month correct me if I’m wrong but I find that stopping looking all the time stops me selling on a whim.
So quick one, what have I missed, I see JP are in but haven’t they got a man on our board already ? And how does that work re regs, surely inside knowledge ? Great in our position to be honest.
Last time I looked Benimore had just lost the vote, I hope your all still holding as this is worth holding onto. Not often you get an opportunity like this.
I put it this way, if you knew if you put £10k into a SIPP and couldn’t touch it for 5 years but it would be worth £100k would you do it ? I think that’s where this is but maybe not as long as 5 years more like 2.
GLA

https://twitter.com/prmansell/status/1353969299254292480?s=21

Just pulled this from debt camel and my thoughts are simple, how many loans still are outstanding that will gobble any debt up owed. Amigo may well be in a balanced position.
Opinions welcome.
“your balance will be reduced by the refund;
if you still owe a balance after this reduction, you can make an arrangement to repay it at a more affordable rate and your guarantor will be released;
if the refund is larger than the balance this extra will be paid from the pot of cash Amigo is putting aside and you will only get a small percentage of it;
Amigo has estimated that £85m is a reasonable provision for these balance reductions. It has not explained what would happen if the write-offs are larger than this amount.”

Base price was 35p a month or so ago, imagine when it’s announced lending can commence ! Blow the doors off moment. Then it’s 35p and buying for 2021, after a year like this we deserve it. GLA

Hi all, I decided to stop looking over the last 5 to 8 weeks, I thought the temptation to sell would be to high however I’ve stuck to my guns and still got my holding. In at 12.14 so not rock bottom but in comparison to £3 it’s not a bad price.
Anyway what’s been going on who’s in and who’s out. Are we lending again yet ?

Hi all still holding and waiting, well for me it may be 7 years til retirement so it makes no odds. As long as we’re at £3 in 7 years ; ) yep a good investment at these prices.

100% in a week would be nice obviously +, it’s gone down 60% in little over a month so come on amgo it’s about time you reward us with a little price rise and re installing the dividend when lending again.

He bought because he knew we’d hit bottom and would make himself an instant profit. No sentiment for the board in this lot. They’ll do a job that’s all and get this to £1 in time.

Gone into my filter, repetitive deramping.

Chippy that’s a bummer but it will come, trust in the 3 amigoes and don’t give up. Or say adios. I’ll get me coat.

Been playing with this but I think I need to do a bit of research. Can anyone fathom our NAV ? If so explain please. Cheers all let’s hope for a blue day tomorrow.

https://www.morganstanley.com/im/en-us/liquidity-investor/resources/nav-calculator.html

When restored at current prices it’s looking like every £100 invested gives £35 dividend ! Correct me if wrong but that’s the reason I won’t sell any of my shares.

This is STILL being kept low by MMs or someone, if you follow the day charts you’ll see it constantly being kept back. The question is who and why now ? All the business has been done now so surely it’s free to go ? Is JB buying back in ? Or is someone else attempting to buy in cheaply.

Seem to have lost a lot of the de rampers : )

After a really good RNS this morning went to Wetherspoons for a brekky, and listened to the meetings, Mrs sat opposite as it all got read out. “It doesn’t look good” etc. Now if you had foresite would you have held instead of allowing those stoplosses bite in ? Well my average is 12.15 and I still think book price of 35p
Is minimum. Re JB I don’t think it’s over, he sold 61% of the company and can easily afford it back especially at these prices. It’s sad sentiment that he didn’t win because I think the SP reflects the current board and if he’d have won I’m sure it would be about 16-18 now. The fundamentals are there though. This is purely a sentiment and stop loss sp. lending in early December will se a return of value. I’d now realistically like to see sentiment put to one side and have a year getting this company going and maybe next year have round 2 of JB.

The one thing that’s come out of this is we now know the bottom Price 9p ! Trust in the companies fundamentals and hold. Rome wasn’t built in a day I don’t think.

Yet the SP is down ? Doesn’t make sense.