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25.50p...Wasn’t too long ago 20p was the limit followed by sharp price drops that left some reeling.
Well done LTHs and new holders. 30p looks to be on the cards by Friday and who know what by the vote.
Sentiment well and truly BULLISH at the moment.
Despite what the de-rampers, nay-sayers and weird characters on here have said, it looks like Amigo is heading toward 30p+ with a boatload of after hour buys at 23p - This is going above 25p on Tuesday.
Well done to everyone who is still holding, I hope our profits continue to accumulate exponentially.
Have a great Bank Holiday Weekend Amigos!
Vinson - Like this back of envelope projection :)
Do you think Amigo will pay Dividends whilst redress is being paid from profits? The accumulation in SP is already offering a higher Reward vs Risk but dividends...well, that would give LTHs like me 50-60% ROI on share purchase price.
As high as Amigo 2.0 profits can take them.
They were 2+ with UK alone, with international expansion and new product mix which helps build customer credit scores during this climate ...could be 2X-6X higher.
The world economy has turned into an environment where a company like Amigo thrives and their competition is not getting the same court treatment or have already gone into administration - which means more unserved customers...
https://www.**********.co.uk/listings/LON/AMGO/
The SP is high enough now that all it will take is a couple 10% rise days and 20p would will be broken.
After 20p is broken, the next resistance is 25.62p.
And 10% -30% increase to SP around 25.62p...well you get the idea Amigos :)
£15-£25M quarterly profit should see AMIGO get back to £1. (Was making 60M+ in the good days).
This seems very doable even with the current loan book. However, you have to consider what sort of numbers Amigo will pull when:
- Re-lending resumes in the unprecedented climate where millions have lost jobs and will need credit.
- Banks loan customers reduce as more people will be considered “sub-prime” due to late payments etc. (Increasing Amigo’s core customer base).
- And the crazy thing...the above is happening World Wide. So what will happen when Amigo expands into new international markets (like they were starting to do with Ireland where they basically made a few million in profit in less than a year and with low market penetration).
Consider an Amigo making £100-300m in profit per QTR...SP will be easily £9/10+. This of course might be a 3-5yr time frame away but risk/reward at current prices makes an investment very tempting...
..hence the Institutional buys at “high risk” (they must see a reward which far exceed the possibility of a negative vote or confident of a yes vote majority).
Bryn81 - Where are you seeing Sales? The BID/ASK prices aren’t accurate so don’t look at them for trade types.
We were around 15.8p circa 4.30pm and you’ll see a succession of back to back 179k - 220k trades from 4.30pm onwards. These volume trades are 100% all buys.
And millions of after hour Buys from 16.50p - 17p at 179K - 220K shares for each trade.
Next week is going to see new highs...and not the usual spikes we’ve been seeing to 20p...this rise has been a steady climb. Positions have been built from LTHs and IIs keep adding...
Things are looking VerY good.
Have a good weekend Amigos!
16/16.5p? - no issues. 18.50p is a key pivot to close above for short term SP based on weekly resistance lines.
From 18.50p, 20p can be easily broken from a 10% SP rise alone. Amigo has a history of rising 15-30% on strong news..
If you must sell then sell a percentage of position e.g 50%? That way still in if SP builds or some out if it drops.
Of course it’s the what ifs that haunt. I personally am mirroring the IIs on this and building position when SP drops (rather than thinking about selling when SP goes up).
When she reaches 20p again, I will be at an even higher amount of profit than when I was when it hit the first X2 times this year...