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Yes, Glen has only another 2.67% to sell. This is about 12m shares.
May be a silly question, but why do you think Goldman were buying and increasing their holdings before the placing date ? Any thoughts?
Perfect time to invest, buy cheap like Goldman did, now they have the extra cash and can correct all this. How much more can go down 10-20-30 %, but going up is more likely like 500-1000-1500 %.
Another RNS, Goldman buying more, this should be very ''negative''. I would rather follow them.
Mline - yes and no. Now the company will get 2b in cash, which is positive. No explanation of droping below 75p rather than shorters which one day have to be closed. Goldman buying too, very positive, why would they do it and invest 5 % ?
Dont understand this panic or may be my calculation is wrong. Before the rights issue there were around 2b shares at 2.2 each, which makes the MC arrounr £ 4.4b. Add 6.4b new shares as at £ 0.32 which is around £ 2b, makes the MC around £ 6.5B with 8.4B shares in issue and the company got the extra cash which is positive. Dividing 6.5 by 8.4 gives you a SP of £ 77p. Or 75p as it opened at this price. Please correct me anyone if I am wrong or missed something ?
I would of expected profit and not loss
(Loss) / profit for the period
US$m
(22.0)
Yes, should be as there is no actual reason for the drop today. Good for some of us who bought more. Golman is buying , more than double their holdings. Now the company is in much better position with plenty of cash .
i think this must be part of a deal. this is what Amigo is willing to give and guarantee to \fca, now we need to find out what we are getting in return from FCA.
Amigo Holdings PLC Update on appointment of Chair and Board change
13/10/2020 7:00am
UK Regulatory (RNS & others)
Amigo (LSE:AMGO)
Intraday Stock Chart
Tuesday 13 October 2020
Click Here for more Amigo Charts.
TIDMAMGO
RNS Number : 8536B
Amigo Holdings PLC
13 October 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
13 October 2020
Amigo Holdings PLC
("Amigo" or the "Company")
Update on the appointment of the Chair and Board change
Following on from the announcement made on 20 July 2020, Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, confirms the FCA has approved Jonathan Roe for the role of Chair of the Company, under the Senior Managers & Certification Regime. The appointment of Jonathan as Chair will be effective today.
As a result of the change listed above, Roger Lovering, who held the position of Acting Chair since 11 June 2020 , has resigned as Acting Chair with immediate effect. Roger will step down as Chair of the Risk Committee and as a non-executive director of the Company after a handover period, on 31 October 2020. Jonathan will also take over the Chair of the Nomination Committee with immediate effect.
Jonathan Roe, Chairman : " I am delighted to formally become Amigo's new Chairman. Nothing I have seen in the last two mont hs since I joined the Board as a Non-Executive Director, has diminished my belief that everyone at Amigo shares a common intent of serving its current and future customers' needs. We have significant challenges but we have the spirit to meet them. We have geared up to handle the October end of Covid-19 forbearance and we continue to be sensitive to the uncertainties that many of our customers are currently facing ."
Roger Lovering said: "I stated publicly that I would leave the Board of the Company when we had refreshed the Board in an orderly manner. In Jonathan, Gary and Maria we have gathered a talented team that will take the Company forward and help to restore the Company to the position where it can refocus on delivering customer focused solutions for its core customers, who remain underserved by the wider financial sector. "
Following the appointment as Chair, the total number of Directors on Amigo's Board will consist of four independent Non-Executive Directors and two Executive Directors. The Board of Amigo is continuing its dialogue with several potential candidates about further Non-Executive appointments for the roles of Chair of the Audit and Risk Committees.
This announcement contains inside information for the purposes of article 7 of Regulation 596/2014 ("MAR").
Contacts:
Would that be the opening price ?
Interesting benefits are offered to the new employees:
Benefits
Key benefits include:
Performance-based bonus
Healthcare
Pension
Gym membership
Access to services provided by the Health and Wellbeing Team
Subsidised deli style restaurant with a head chef and qualified baristas
Why would they are looking to get new employees ? Restart lending must be very very soon.
Glen holds 6.1 %, so any sale that takes him below 6% will trigger a RNS.
If the things are so bad then for sure Glen would of started selling, even after his resignation still no RNS. This must be at least positive.
Does anybody know this or have any info ?
Thanks Mark, this is my point, I did email Kate Patrick asking about this as it is extremely important, what action has Amigo taken against fraudulent claims ? This will be a very strong message to all existing and future claimants. Still no reply from Kate. But this is like a war, you have been attacked so have to protect yourself and attack too. People and complain companies should understand that this is not a child game and just to give it a try if they get anything good, if not again good they do not lose anything. Amigo should send this message to the market.
Question is if all that was done properly, now many people can complain but WHY should they get back anything ?