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JB tweeted yesterday that he will publish his purchase proposal contract today. Big day for Amigo. This is putting his words into action and confirming that purchase order has been given for execution once his conditions are met.
8p is well behind, next stop is 20p and up. Interesting to see how the SP reacts once JB starts buying back again. In any case he sold 61% and is buying back only 30%.
JB to finish his selling order another 8.6% ( 8-9 days) left and then start buying 30% at 20p. Easy money buy now and make 50% profit
Did JB buy any, no, only sold ?
Nayan bought 770k at 6.54 in June/July I think
Yes very possible, as now his holding is down almost to 10%. But I guess it has to be higher than 21p, that he rejected earlier this year.
It is interesting what is going to be JB next proposal ? If not accepted then we will have an EGM, then result on Friday.
Will not be surprised to get an RNS soon of who was and is buying all these shares.
Excellent volume today so far 55m, could we see today another record breaker ?
Correct and the only way JB can get a support is if he is a major share holder, with him selling nobody will support him. Usually he has to put his money where his mouth is and not the other way around.
With JB selling and GC buying and in power as CEO it is clear who we should follow. Even if JB call an EGM not sure now that he will have the PIs support, most of us will follow GC, as he is a shareholder and CEO. For me Glen is the man to follow who will bring success back to Amigo
What would be now plan B, I guess JB should and have to make an offer ? BooHoo would they get involved ?
Plus we are still missing the RNS for yesterday's trade, could JB bought it back, or even more ?
I think JB had enough, sold so many shares at such a cheap price, now he has to work together with Glen and rebuild the company, still he has a huge stake 17-18 % + Glen has 6.1%, still this is like 1/4 of the company
So sad for those who sold today
Interesting to see next JB move. Any suggestions ? Then SP will explode.
My simple suggestion today to JB was to compensation the customers with Amigo's shares, attached with certain conditions, like this they become shareholders plus no actual cash bleeding, win - win for both parties.
As well Nayan bought :
Trade Date Action Notifier Price Currency Amount Holding
21-Jul-20 Buy Nayan Kisnadwala 6.54 GBX 770,578 787,551
From Amigo website:
CHIEF FINANCIAL OFFICER
Nayan Kisnadwala
Nayan was appointed Chief Financial Officer (CFO) in January 2019. Nayan has over three decades of global experience in financial services in the UK, Ireland, the USA and other international markets in strategic chief financial officer or other senior finance roles. His experience includes consumer lending in world-class companies including American Express, MBNA and Barclaycard. Before joining Amigo, he was the Group CFO of Premium Credit Limited. Nayan holds an MBA from New York University. He is also a Chartered Accountant and a Chartered Financial Analyst. Nayan has extensive experience of operating in a regulated, consumer based finance business which needs to maintain access to flexible, cost-effective capital on a prudent basis. His experience of working with world-class financial companies will ensure financial reporting meets the high standards expected of a Premium Listed issuer on the London Stock Exchange.
Got below response from Nayan today:
Dear Toma,
Glen has indeed joined us last Monday as we had previously announced. We are in process of updating our website.
Thanks,
Nayan
Happy days ahead, enjoy your weekend Guys !!!