Member Info for Specialonek

Do-Bella if he loses vote then I believe he will go for a full takeover. The impression I got was that he will be at 29% ahead of the vote later in Sept.

Manmanus. The only guarantee I can make is that on Thurs 10th Sept the share price will be at just under 20p or somewhere over it as JB buys back upto 29%. He said he will buy at upto 20p or higher if necessary to get his 29% holding.

Do-Bella, So far everything he has promised he has done. He will start buying once at zero that is unquestionable.

There are all these rumours that he has shares held elsewhere etc. I genuinely think he is being above board. He is continually losing money daily on the decisions he has made. He has given everyone here plus no doubt tens of thousands more PI's an opportunity to have his shares cheaply hoping they will back him on a vote. Whether you do or don't I would say 99% of the PI's would not be here if that was not for JB being as transparent as he has been. He will not buy any shares until he is at zero. He makes a promise and sticks to it despite it costing him £10s millions if not over £100million all to prove his integrity and honesty. He is a one off. I doubt you will see anything like this again in your life time. He has made costly mistakes but I have not seen him lie about anything thus far. Everyone needs to stop with the conspiracy theories. He wears his heart on his sleeve. I certainly have a level of admiration for him based on all of the above. GLA to everyone invested

Surely you would think Directors will now start buying? If you knew you where either getting sacked a d could make a nice profit or if you invest in the longterm vision you would fill your boots now.

Remember JB will not start buying for 2 more weeks. The closer that date arrives the higher the price. It will stop being a day traded share most likely after today. If you want a decent return buy today and just hold for 2 more weeks. Anyone selling is totally short sighted. If he loses the vote I believe he will go for a full takeover which could give us all 30-40p.

This will jump and fall in an upward direction all day as the day traders take their 10-15%. GLA this is a blast.

I am going to guess that this will be the biggest trading day ever for Amigo shares. Volume predictions anyone??

One concern is if they decide to do a formal cash raise at say 15p a share and sell 200 million shares to raise £30million and these shares go direct to city institutions. That could make it a lot more expensive for JB to get his 29% or win a vote.

I would think he will go for a full takeover along with a partner. Mr Boohoo for instance could be an option. That could get us to 40p+ if people are prepared to hold longer. If he wins the vote we see similar price. There seems little downside. Results tomorrow don't really matter. Still a LTH for me.

He will only go for a vote if he has not been able to get any compromise from GC and the board. Could he perhaps decide to sell down his amigo holding and allow GC to run it as just a UK business but be allowed to franchise style a launch of a wider European business using the same brand name? He may even state he is going to buy back upto 25% and allow GC to run it without becoming GC boss. I imagine a 25-30p a share average would allow him to buy 25% back up fairly quickly. JB may request some of the money is released as previously stated to help launch a European wide business. JB may simply state tomorrow that he is selling to zero but is in negotiations with the BOD regarding a longer term business strategy that he wants richmond to be a large shareholder. We can speculate all we like but have no idea which we he will go. I am sure if he goes for a takeover it will be announced in an RNS tomorrow or maybe next Tuesday after results have been trawled through.

Darren buffer, dream on 20s not a chance lol

Piohc1, did you read through PFG results? They made a loss not a profit.

I think he would struggle to take it private. He would need a minimum of say 30p a share x 475million. So that would be £150million in hard cash and thats negating the need to raise any further finance to support lending. He needs a business partner to take it private. Could that be GC or perhaps Mr Boohoo or even a tie up with klarna?

Iknownuffin, it was over a £billion when Amigo was doing well and his 61% of Amigo was worth around £650million

We all know JB is worth around £300-£400 million . Money clearly motivates him. GC has over 6% invested valued at around £3.5million based on present share price. If JB does go for a takeover GC may not want to sell below an offer of say 40p so maybe prepared to stay just to get true value. JB could offer him a pay package and share package he can not afford to walk a way from Nayan is earning around £350k a year which is a joke. He is one of the top two earners so no wonder he is still hanging on for a golden handshake

The results for Q1 should be reasonable. Lending was not really affected in Q1. Customer numbers and revenue should both be reasonable. The only real issue is what they feel they need to set aside for customer complaints out of the quarter. They may feel they have sufficient money already set aside from 2019 results.

My belief is JB has jumped the gun.
Possibilities
GC does not have power yet until FCA approval comes through.
GC clearly wants to turn this around his way with JB on the side lines or not.
JB I think realised that this morning hence why he is now trying to negotiate a compromise solution.
JB is concerned he could still lose a second vote despite giving away nearly 50% for pennies.
If JB goes for a vote we know he doesn't have any influence over GC.
GC wants to be left to sort out the mess so he eventually gets true value for his investment.
I imagine GC will request JB to keep a holding of no more than say 25% with still no influence on the board and he will make JB plenty of money.
This will hit 50p one way or another.

Fortunately I'm at an average under 7p so still plenty of profit sat in this but great to see EUA move up quickly into close to take some of the pain away.

Soletraderuk1, what's your share price average on this?