Member Info for Specialonek

This will likely go through at around 1640pm. Ideally if your a day trader try buying just after that time as the the sp should drop into close.

As expected sells have over took buys on a much slower day. No real appetite shown for this share. 3.4 million bought and 4.1 million sold with a further 4.75 million to be dumped at closing time. So that will create further over hang. JB knows the company is in a bad way but he either genuinely wants out or he wants to buy it up very cheap after collapsing the share price. He can offer as little as he wants as Richmond won't have bought any shares in last 12 months. He could offer 5p or 6p if the company is on its knees as some believe it is. DYOR. Not a ramp or deramp.

Sells versus buys now even Stevens for today but a lot less trading today as people are seeing the real picture. I expect to see sells doubling the buys by the end of today as PI's dump their shares along side Richmond group dumping another 4.75million. If you want to buy then day trade it. Buy at closing and hope to make 10% before it starts dropping at around 11am each day but you could still be burnt if the open price is significantly reduced or yet another negative RNS comes out early doors.

Do not trust what you read on the board but instead do your own research. Read through the last 6 months of RNS and base your choices on that. I am no longer invested here having seen my shares drop from 58p to 16p. I am trying to advise caution before you pile in to this. I have not lied in any of my posts unlike the constant ramper on the board who most intelligent people will have already put on filter. GLA

Sound familiar to last RNS??? Wonga collapses into administration. Wonga, the payday lender that became notorious for its extortionate interest rates and was a toxic symbol of Britain's household debt crisis, has collapsed into administration after it was brought down by a welter of compensation claims.

Q3 2019 profit margin was around 25%. Q4 2019 this had fell to around 12%. Clearly During 2020 this will have fallen further and extremely likely significantly into a negative therefore losing money. This will all hit a wall quickly which you may see in the next financial update. Remember Amigo finance loans by borrowing money it self. They still have interest payments to make and repayment deadlines to meet. If it fails it will do so quickly just like Wonga did.

Kchappers, yes it will continue to drift unless there is some positive news. So far this year there has been no positive news. Its definitely a huge gamble to step in at the moment with a much higher chance of a continued downside than upside. If there is an upside then it could potentially double quickly but nothing to indicate any signs of that happening thus far or any time soon.

My opinion is the board knew back in January that there where systematic problems between itself and FCA. It also knew as JB stated that it had been making bad loans fora further 6 months. It was looking to sell it fairly quickly but that did not happen. Covid hit and this destabilised it even further. JB perhaps wanted to take it private but could not get control. More complaints and JB thinking sod this I do not need the hassle and maybe thinking if I can not get control I just want out regardless of the cost. The board have taken a billion pound company to next to nothing in 18 months by not adjusting to FCA guidance or allowing JB the opportunity to influence their decisions. He only has himself to blame by floating it in the first place.

Great for day traders. Close low and ramp all evening and next day. Sell for 10-15% daily gain. Share price will be red at close ready for day traders tomorrow. Use it to your advantage but don't be sucked in to paying too much when it's moving up.

Mr Jones, that was yesterday's RNS but had not been published here, LSE playing catch up. There will be another one at some point later today for yesterday's 1% sell. Share price will start dropping further as day goes in despite the incessant ramping going on here. Any clown knows the share price will keep dropping until there is any positive news of any kind. There is no material value left as things stand. JB new the issues at beginning of the year but could not get the control back to try and fix things unfortunately hence why he wants out or even crash the company and pick it up for next to nothing with a bail out. There is no longer a buyer wanting this.

Mr Jones, the last two posts where just the same drivel as before you filtered lol. Nothing knew nothing worth reading.:o). I will let you know if there is but very much doubt it will happen to be fair.

THE FOUNDER of guarantor loans firm Amigo has accused the company of giving customers loans "irresponsibly" in an explosive blog post.

James Benamor, who set up the high-cost lender in 2005, said Amigo was "committing slow motion suicide, whilst playing out he script of Brewster's Millions" - the 80s film where a character tries to spend money as quickly as possible.

Lots of talk that this could still be taken over but who by? Only one company made an offer which was at around 21p a share but this offer is no longer an option. This offer was prior to the announcement of the issues Amigo has made of the higher than expected payout on complaints which they still do not know the cost of. £35 million set aside but won't be enough. Dividends payments withheld to try and protect cash flow. More money going out than coming in at the most prime time for this type lender. The value in the company was in the loan book but the increased influence of the FCA is making this worthless as the percentage recoverable is constantly reducing and the increased claims could easily end up wiping out any reduced margins they do make. Anyone who has lost their job or has had an income cut due to covid will in reality be able to say the loan they took out is no longer affordable so can renege on paying it back and claim against Amigo stating Amigo should not have offered the loan. Amigo have atleast 42000 on payment holidays but these customers may never repay the loans they have taken. Even JB said the company had continued to irresponsibly lend for 6 further months after FCA involvement. "Troubled subprime lender Amigo has halted its sale process after a potential buyer pulled out of talks to acquire the firm, as it warned of a £35 million backlog in customer complaints.

Shares in the guarantor lender plunged after it told investors that an unnamed suitor had withdrawn its £100 million offer the company.

In January, the company, which provides loans to borrowers with poor credit histories by signing friends or family members to act as guarantors, announced a formal sale process.

It said on Monday that it had no other offers after the prospective bidder pulled out and will now terminate the sale plan.

Got to love the headline. Big bangs, 12.7 million shares sold today. 6 million bought. Yesterday was nearer 20 million sold and 10 million bought. I doubt mms could keep that quiet if there was a big buyer in the background. So there is a large over hang building with possibly nowhere to go.

Invest share, if anyone wanted it they would be buying the shares now lol. Why would they pay 21p when they could have it for 2,3,4,5p a share over the next week. He is at least 6 trading days away from being under 50%. Even when he is he realistically is 40% he is still a block in the way of any changes.

Again as with yesterday twice as many shares sold as where bought. A huge overhang over the last 3 or 4 trading days. Without anyone in the background picking these up then this will only head south. Today has been a good day for day trading with all the ramping. Unfortunately some have bought at as much as 8.81p and will feel robbed as the price fell back.

3.88million sell just gone through as expected.

Bigbangs. Expect to see big sell just before 5pm

It is a distinct possibility if JB can not get control or if BOD keep rolling over to FCA. The money could easily run out and the business model could become unviable. The existing business model has been destroyed at present due to FCA and all the claims companies making claims against Amigo for their lending practices. JB wanted to fight FCA but the BOD have rolled over to them. Little income at the moment and an increasing level of claims. doesn't bode well.

If you really want to buy here then use a level of logic and common sense. Wait a few days and see where the share price is on Wed/Thurs. JB will keep selling his daily 4.75 million. The market will be flooded with excess shares as it has been the last few days anyway. The share price will continue to fall and maybe down to 5p or less. Then fill your boots. No need to take a 30-50% hit by paying 7.5p tomorrow when they will be 5p or less on Wednesday and Thursday. If JB does want to take it private and does want to tank the share price he will no doubt sell all this week anyway. He might then throw a cheeky offer of 5p-10p a share to everyone to buy his company back if he is permitted to do so. I bought at average 58p and sold at 16p. Don't make the same mistake. Bide your time if you really want to throw any money at this.