Member Info for Specialonek

We won't hear from Glen until he is in his role. He is not in his role yet. That is why there is no news. I hope that helps explain the lack of news.

Dear xxx ,
Yes, Glen started and Is fully engaged as a consultant until he is approved by the FCA as a CEO. Jonathan started as a INED, and waiting for FCA approval as a Chairman. The RNS’ clearly explained this. Hope this clarifies your question,
Nayan

24.6p at close.

I personally thought this was a dead duck a few months ago. I need 10p a share to break even then all it great after that. I am sure other LTH are at a higher average. I wish everyone well who has invested. I can see this over a £1 a share within 18 months.

If Amigo choose to do the same and go into administration and uphold only 10% of the claims I assume the shareholders are entitled to anything that's left as loans are repaid and accounts closed?

Interesting that despite Sunny loans being in administration they are still actively dealing with complaints quickly. Results from their website as follows which should potentially put Amigo in a strong position. If Amigo manage to uphold a similar and I would assume a lower percentage all will be fine.

Period covered in this report: 1 January 2020 – 30 June 2020
Brands/trading names covered: Sunny

Number of complaints
Number of complaints opened 8221
Number of complaints closed 8358
Percentage closed within 3 days 0.42%
Percentage closed after 3 days but within 8 weeks 99%
Percentage upheld 13.83%

Jcreek2020, 10million shares equates to 1.5% so expect an RNS tomorrow from someone.

Popeye62, I guess your right. I will change mine to 68p to be more specific and fair to others.

Estimated bids so far are:

castle2012 50p
PATTS 50p+
Pianista 50-60p
chrisengland 50-60p
BareNeccessities 56p+
Ammu123 60p+
Jedclampit £1.50

This is just for fun, no need to flame anyone. Most of these prices are sensible given the original media speculation was 40-50p. Lets hope for a bidding war.
I guesstimate 65-70p

This could a easily, be anywhere from 40p to £1. The difference is around £220mullion but less than 10percent of the overall bid required to clear the debt. Anyone averaging under 40p will be fine but some LTH will not be best pleased.

I wonder why Glen Crawford is not shown under leadership and directors on Amigo investor website yet Jonathan Roe is already on there as starting 1st August?

The market has significantly changed IMHO. The exclusivity has reduced on films from cinema to home viewing. Covid could keep cinemas closed until November onwards even into next year. A lot of families will have now subscribed to Netflix/Amazon/Sky etc. The realisation of how expensive Cinema is to watching at home will have sunk in. Even when cinemas do open capacity will significantly reduce which in turn will make a lot of cinemas no longer viable. The world is changing and habits are changing. The need for cinema has significantly reduced and the same will apply with theatres unfortunately. This could easily go belly up or require a huge fund raise to keep it going in the short term very much like the airlines. This could easily be the next intu.

Candoo, just for clarity GC bought around 6.6milion shares additionally as reported last week. He now holds over 28.5million shares.

Bottas has signed up for 2021 for Mercedes. I personally think Vettel will be confirmed either tomorrow or next Monday as signing for Racing Point.

Bigbangs. My thoughts too on JB. He has liked a few posts but said nothing.

Thrown a grand at this. Offered 17.3p and I could not get any. Removed offer and then offered 17p and got some very weird.

Good morning GC, good to see you back. Have a good day educating your teachers on how you want this term and agenda to go. Look after the new teachers and ensure the older ones are kept in line of your vision. I look forward to you publishing your agenda for the students and parents. Hopefully we will all see some positive steps during August as you settle back in. ATB.

Dope a rope. Yes this could go bust. Pretty much any company can go bust if it is ran badly. Based on the last few years this company was doing very well pre Hamish Patton. Having Glen Crawford back is clearly a huge positive to the business and the hopes of survival. To survive it needs to open up lending again in a way that is sustainable with a reduced risk of complaints. Based on the money set aside I think it can survive without a JR but it does need to work with FCA/FOS to find a resolution that is acceptable to everyone. Hopefully everyone who has invested in Amigo has done so on the basis they could lose all of their investment. If this comoany does survive and recover it could end up valued at anything from 15p to £1 a share in the next 6-18 months. I am prepared to risk a percentage of my share portfolio on this in the same way I have with the other 15+ companies I am invested in. My choice, my decision. You can be negative and others can be positive as none of that matters. Each individual needs to make their own decision based on what they think and hopefully after lots of research and not listening to anyone else's personal comments.

Slow and steady rise please. Hopefully that will keep more holders longer term. I would rather see an RNS on Monday showing GC buying upto the 10% mark. He can let us know what he is planning on Wednesday with a detailed notification of intent and confirmation of other board changes etc.

Shezer, I am with you on all points. JB has indicated this lending model could go international. He has shown a strong indication he will reinvest if he likes the direction GC takes the business. JB chose not to accept a bid at 21p. He sees this as more valuable but I just don't think he wants to let it go. I belief this will be back in a strong way on the back of Covid and seriously profitable within 12-18 months.