Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Amigo declined to comment" LOL
Of course they would decline. Why would they respond to a no-news article that isn't material and which probably took no more that 10mins to write up with a click-bait title.
I'm glad Amigo are focusing on the SOA 2.0 and customer Committee activities. They've released their PR article that they wanted to send out to the market which covers:
- New products to come upon re-lending
- Confirmation they're working on SOA 2.0
Market is primed for Amigo...
Non-Prime Consumer Credit Market to Eyewitness Massive Growth by 2028: https://manometcurrent.com/non-prime-consumer-credit-market-to-eyewitness-massive-growth-by-2028-active-securities-advantage-finance-amigo-loans-avant-credit/
An incoherent reply from what is clearly an Amigo customer who is emotionally attached to a company, who they had to use and got support from in their time of need…if you read my comment properly I’m championing giving creditors MORE information from Amigo so they can independently see everyone is taking a haircut!
I’m also not denying valid claims should get redress.
It’s this lack of attention to detail that gets people into trouble…It’s investors like us who make profit, own and run companies that support people like yourselves. Us losing money is worse of for those who we hire and businesses we invest into but I can tell you’re not the macro thinking type so will leave it there.
This is how we’re taking a hair cut. Forget fund raise.
Creditors need to understand how much shareholders are sacrificing, after the rise on SOA news, share price is most likely to remain stable and so our only benefit.
Camel and creditors Facebook groups are ignoring this fact or just don’t know about it. Amigo need to do a better job of explaining this to ALL customers as part of SOA update so press etc know the score.
Right now they are just focusing on current SP rising which impact traders but not long term investors.
ATrades - It's a bit of bants. It's not uncommon for comments like these to come up after an RNS - lord knows we had no chat on this BB for a while with the dry-spell in updates from Amigo.
Cult - You have holders, traders, shorts and bulls. Those who are balls deep, some with controlled amounts and others with large sums invested who aren't concerned one bit if wiped out. Normally Bulls don't want to hear about SP dropping and shorts about SP rising - I'm surprised you describe it as a cult as this is how it's been since markets were established depending on an investor's position...it's all pretty normal and why you have similar characters on different BBs.
Relative to past RNS’ this one is quite positive - you’d know that if you had been invested longer than a minute. Even on consistent negative RNS’ SP reached 30p.
Don’t come on a BB and talk smack about investors who have more knowledge and history on a company than you do.
Have 2M shares now and not selling a single one yet.
Even if it drops tomorrow, we have the SOA 2 build up and positive news strings to follow. The Times article shows that Amigo are looking at PR activity now and posts on Linkedin from new Leadership team shows positive sentiment.
GLA who are trading or investing in this but i'll hold as it what has given me the biggest returns in the long run.
ProLee - Amigo will pay you and other customers back soon enough. Maybe not 100% but you'll get something back with the SOA 2 - so be patient rather than wasting your time posting on an Investor BB which you're not invested in.
Also to add (not that I'd usually reply to Jimmy), Amigo said they would fund raise to support re-lending with new Shares.
A portion of that fund raise could be ring-fenced for complaints provision. Although not ideal for Investors, it provides contribution from the Shareholders whilst not impacting the SP (if raised above 20p).
My only concern is that Amigo customers are not very financially liberate and so might not see/appreciate the benefits of this kind of structure unless it's "here's your cash now - bish, bash, bosh - done."
Truthfactory - I don’t think you’ve owned or ran businesses at any real serious capacity. If you have, it makes your comment even more shocking.
The knowledge, data on customers, staff Amigo have, loanbook, brand and business connections are all highly desirable traits and not something that is just east to “Start over”. Amigo can attract talent like Gary, ex-FCA staff etc - there is value here, after SOA 2 is approved, SP will be on a bull run again.
I don’t see this article as negative at all. It’s clearly been written with Amigo’s input. The fact they are using Gary’s Image as oppose to the putty men says it all.
- the headline of the article eludes to a second SOA (NO INSOLVENCY).
- the mention of new products show plans of future growth and relending.
- the mentioning of loss this year pre-empty results but this “LOSS” is the result of circa £30/40M being kept aside for redress which WILL increase SOA 2’s overall pot.
Good things no s to come Amigos! GLA
Magpies - the judge just needs to be shown there is value in the above scenario as PIs are largely short term investors. Even if they make gains from investing in the lows, there's plenty left for creditors as Amigo starts a new bullish trend and starts re-lending. IIs buying in etc can all be showed to reinforce the above...