Member Info for Specialonek

Bought in a few at 43.88p

I hate 7s, so as early as possible I try to turn them into something easier.
Is it anything to do with share price?

Itsagame, in regards the bonds they where typically buying a chunk back per quarter end. Typical £80 million per annum.

Cars deek. No, there was £477 million non current debt at Apr 2019 which is the loan book I believe. Expectation is they will get back £600-£700 million back from loan book. Reality is that this covered with the incoming payments which would clear that even if they stopped lending all together.

Examples of Non-Current Assets
The following are some examples of non-current assets:



1. Property, Plant and Equipment (PP&E)
PP&E are long-term physical assets that are an important part of a company’s core operations, and they are used in the production process or sale of other assets. The assets come in a physical form, and they are not easily converted to cash or liquidated.

The total value of PP&E is equal to the total value of property, plant, and equipment recorded on the balance sheet less accumulated depreciation. Accumulated depreciation is the total depreciation expense charged to an asset since it was put into use. Investments in PP&E paint a positive future outlook of the company.



2. Goodwill
Goodwill is an intangible asset that is attributed to the purchase of one company by another entity. It is assigned where the price paid for the asset exceeds the fair value of all identifiable assets and liabilities assumed in the transaction.

Goodwill is attributed to buying some intangibles, such as the reputation of the company, brand name, good customer relations, solid customer base, and the quality of the employees.



3. Long-term Investments
Long-term investments include assets such as bonds, stocks, and notes that investors buy in the financial markets with the hope that they will appreciate in value and earn a good return in the future. The assets are also recorded in the company’s balance sheet.

Clearly this is just a number and not that easy to realise any cash raise from it unless you know what is counted within it.

I don't think 5p will be revisited. It may hit 7p range with no news update. On any positive news its likely to double or treble. Any indication of takeover it will hit over 20p. Any news on the two remaining scrouts removed from board it will hit 30p. Any acknowledgement they have opened discussions for a review with FOS/FCA could take it over 40p. Any news on JB stopping his selling again it will climb. Very little can take this into 5p range unless they state they need £200million+ to clear dodgy claims for instance.

Remember regardless of any extra impairment costs they are not paying a dividend. I would estimate that alone is saving them around £30-£60 million perhaps? It has not really been talked about but it is a chunk towards these dodgy claims.

Happy to hold longterm. Will top up if it falls below my 5.4p average.

My opinion, Glen Crawford will be the man to get this company back on track. He will go after FCA regarding moving the goal posts. FCA backed Amigo Loans lending model before the company floated. Hamish Paton did nothing to defend Amigo loans during his tenure and rolled over to FCA constantly changing its directives on affordability. Glen will get these issues resolved and box off this relentless build up of dodgy manipulated claims that FCA have been supporting. This IMHO will go to a judicial review which Amigo will when. JB wanted the board to fight FCA but they did not have a backbone. Glen will be the man to get this company back on track. I also believe JB will have a continued involvement once the other muppets have departed the board. I expect JB to retain 25-30%. All IMHO. DYOR.

JB has a nice graph showing how well each CEO performed at Amigo and let's just say he is warning Provident shareholders of what to expect having Hamish Patton in charge.

Actually as it stands now I would have made more by not floating at all, and just leveraging up the company with more debt. Amigo was severely under leveraged for many years. Even now it has net assets many times larger than its market cap.

If Richmond Group did not sell 1% today then they are no longer selling. Has anyone seen their 4.75million share sale go through today?

Lots of theories but does anyone know what is happening to the 1% daily sell off? No RNS showing anyone has crossed reporting threshold. Are the shares going into open market or what are your own thoughts??

We just need an RNS stating Richmond group have stopped 1% daily sell off due to material change. That would push this into the 30p+ range IMHO. Tome that rubber stamps that the they are not looking to sell off but build for the future instead.

His tweet 5 mins ago.

Hiring Glen at Amigo was one of the best decisions I ever made at Amigo. His resignation, and Hamish’s appointment, was one of the greatest tragedies the FTSE 250 has ever seen. Amigo’s current situation is 100% a result of that change of management.

This will out do the massive day from last week at the rate of Trades so far today. Its definitely a buy buy buy and then hold. Remember there is limited free float with vast majority of shares already held. There was an update on the free float last week I think.

Nickel, are you jumping back into this now?

Open at 12p I reckon.