Member Info for Specialonek

JB Tweet,
Blame also has to go to the institutional shareholders who unanimously voted against the removal of the current board.

As of next week, those shareholders are now in the minority.

JB tweets,
Amigo have been so badly let down by Hamish Paton, and the Amigo board.

They have failed to argue against one of the most obvious cases of regulatory overreach of this century. Instead, they chose to protect their careers as ‘approved persons’, costing shareholders over £1Bn.

There are some good tweets from JB again today. He states he does not think there is a big buyer and that the shares he believes are with PI's. Also highlighting a case where FOS call centre highlighted Amigo had not been irresponsible if a client had lied on application.

Shezer, 4 candles sounds like a Two Ronnie's sketch lol

Senator, personally I think you have missed out on your entry point. 1,2,3p will not happen. A return to 5p range is looking less likely but 6p range is possible. If you had day traded this when you started talking about it you could have made enough money to have a free batch of shares.

James blonde, it is as likely to go to 1p as it is to a £1 in the next 8 weeks IMHO. If we knew either way then we would be either buying or selling tomorrow. Most of us don't have a clue so will continue to hold.

Senator, Question would you buy Amigo shares if they where 1p? If so why? What difference does it make if the share price is 1p or 10p? The share price is whatever a group of people are prepared to pay for it based on various factors including a gamble.

Carsgeek the problem with this share is realistically most would agree it feels well undervalued. As things stand we don't know when the next big rise or fall is coming. It could be at 6p or 15p tomorrow. I guess that's your concern in selling. Is the other share worth the gamble of potentially missing some of the potential rise here?

Carsgeek, I wish I had the lolly yourself, Hillman and Here's Hopin are throwing into this. What do you guys need from this to retire lol.

Can confirm this was not the case. General feeling on the board in Jan/Feb was that Amigo had a very strong case. Legal opinion backed this. Board members decided that holding regulator to account was not good for their careers.

JB back even in a consultant role will add 30% minimum to whatever the share price is at the time. He will relish proving himself right and the present BOD where useless as an entity.

I think we will see more director buys over the upcoming days. I imagine Glen will have a dabble to bring his average down and others will buy in once he has.

Nayan either just threw £50k away or he knows he is onto a good thing here.

Perhaps your questions s d answers with JB has set off a nice slow burn in an upward direction. Hopefully JB is chatting to MIC capital about what his longterm plans are with GC back in the hot seat. Hopefully they are stacking a few shares up for him.

Carsgeek, Or perhaps people are waking up and smelling the coffee and seeing the true potential of this in short term and long term.

Robespeerie, So in your view as soon as you change your credit card 3 or 4 times then it is the credit card companies fault for allowing you credit? Where is the difference. I am sure some savvy people change credit cards 2-4 times a year depended on needs, offers, playing the system for zero rates etc. Who is it fault when credit card companies extend borrowing limits? Why should it be the lenders issue? Common sense says spend what you can afford to payback.

RobSpeerie, Why was it unsustainable after GC?

JB response to what is possible with Amigo loans.

True. Business loans, and international markets are possible options.

We know he wants this to work out and he is getting as fired up as we are. Who thinks there will be fireworks on day one with GC back in the hot seat?

The way I see it. JB could have walked away with 21p a share. He knows the business inside out and knows what needs to happen to fix it. He put his stake on the block and lost. I am sure he could still have accepted an offer on his holding but again he pushed it away. He knows GC can make a difference and he is clearly putting his trust in him to do the right thing. (JR). There is as JB two perhaps 3 options for Amigo.
1.it goes bust due to continued incompetence and no JR.
2. They go for a JR and fight the FCA/FOS on claims and confirm the lending model is acceptable and protected and start building customer base back up and we will have a solvent profitable company in 12-18 months time.
3. They go for a JR and wind the company down and cash out which would be around £400-£500million to share out to share holders. Around say 80p-£1.10 a share.
I would be delighted with option 2 or 3.
JB has spelt all this out but we need action from the BOD led by GC in August.

Hillman 6's unless we hear the numpties are resigning from the board tomorrow.