Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I’m in it too, Franky. You hear the good, bad and ugly (sometimes on rare occasions I EVEN make up the ugly with wobbles haha) - but as the guys say everyone in are ACTUAL investors so this thinking is needed and genuine (no Mouse, ProLee or other weirdo types - there are some characters though but not malicious).
There is non Amigo banter in there as well (to be expected as you build relationships with other investors after being in a groups for +1 year lol).
I only showed one of my accounts (as I didn’t want to screen shot 5 accounts with 2.156M shares) so quite quick to get in …See you in there!
RolandRAT - lol
First post on this Amigo BB, ever, ands it’s a sheepish one. You can still buy in tomorrow without trying to bring the SP down (not that you can).
If you are selling then just sell. No need to get validation of your sale, we all have to make choices and live by them.
Strongwoman - Of course there are cons, that’s what is creating the opportunity to invest…by this time next year those MPs might be voted out like trump. They will speak as they are pressured e.g. by the Camel Customer group who wrote a letter to them :D
Strongwoman - the Vreqs stems from the complaints which is WHY Amigo are doing a SOA…as the SOA gets approved the Vreqs will naturally dissolve away.
New products - they will be products that Amigo deem fit. They have a plethora of Big Data from existing customers, analytics and loan book to leverage.
They reported £15M profit and are valued at circa £50M. I don’t know if you know how valuations work but even with the current loan book are worth at least 25p - 45p easily (without complaints issues at current run-rate).
Also on Lending - they are coming out with NEW products so not lending to new customers on the same criteria as before.
Have you been blindly trading this without keeping up with the fundamentals??! Perhaps if you did you would be buying rather than just looking at the chart going up and down and making decisions…
Strong woman - so you are trying to bring the SP down by deramping so you can trade at lower prices?
Unbelievable. Just BUY at current prices you cheap skate and if you don’t want to just watch on the sidelines.
Your comments could cost weaker holders profits just as the SP is about to rise. What a nasty piece of works
Jimmy - you can cite Amigo when it goes through, How about that? :)
There has only been a handful of SOA in history with a lot of what Ashurst done setting precedent on the FCA ‘s behalf. This is new territory.
That said, investors will remain positive - however, what YOU are doing without being invested spreading weak rebuttals on this BB eludes me…
Yuri - business analysts may take a cookie cutter approach with Financial Ratios, perceived perception etc but at the end of the day, some businesses and PEOPLE beat the odds or bad press to go on and succeed.
The dim view you have may arise from personally never overcoming challenging situations but I can tell you the main mistake Amigo made can be corrected.
Everyone is a critic until they’re a fan.
E.g.
Example of companies who’ve overcome negative press:
- https://brandstruck.co/blog-post/three-brands-survived-reputation-crisis/
Example of people making a difference:
- https://www.google.co.uk/amp/s/www.businessinsider.com/fedex-saved-from-bankruptcy-with-blackjack-winnings-2014-7%3famp
Jimmy - I don’t think you understood my statement and started randomly throwing insults around…A Feast Or Famine economy means some will feast whilst other May experience famine.
“a haircut” - may be part of the famine for customers, but did the customers not feast when they got the loans? Did they not use the money for what they wanted? Did Amigo not lend to them when mainstream banks turned them away?
The CMCs feasted on PPI and Amigo claims earlier on, now that time is over. Once positive news is out, Amigo will feast again :)
They will equity fund raise to be able to lend without having to worry too much about interest of lending themselves etc.
It’s about to be a famine or feast economy - Amigo type businesses normally feast and they will again once positive news is out.
If interest rates rise for the general public, then there will be a higher rise for those with credit limitations (increasing cost of borrowing)...
- Smaller players (loan providers) without scale may not be able to negotiate or compete in the market (for funding facilities) which could see them exit the market and in turn reduce competition for Amigo.
- Higher interest for the general public could also force those on the border line into the Sub-prime territory which will give companies like Amigo a bigger customer base.
- Amigo was established in 2005 when Interest rates were Circa 5% (https://thinkplutus.com/uk-interest-rate-history/) and they did very well. We are currently still at all time lows, so I think Amigo will be just fine - especially with new products and Spin off brands which provides payment reliefs without the need of Guarantors :)