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It has gone quite quiet hasn’t it. Joe I am not sure how the hamak situation is going to be resolved. I assume we will get a market update to clear it up. There are some larger trades popping up. One day soon it will be our day.

Everyone just waiting on Alba Bank license and the rerate which should occur when this happens .

Thanks for your detailed reply Jimmy.

I have just read this pulled from Google and maybe I’m confusing myself reading it but I’m not sure Alba Bank can acquire Amgo and use their banking license as you suggest .

“No, a bank cannot directly "RTO" (reverse takeover) into another company without the acquiring company first obtaining a banking license or being authorized to conduct banking activities. A reverse takeover, where a private company acquires a publicly traded company and effectively becomes publicly traded itself, would require the newly formed entity to be authorized as a bank if it intends to continue banking operations. This is because the regulatory requirements for operating a bank are extensive and require authorization from the relevant regulatory bodies, such as the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in the UK.”

Maybe this supports what you are saying , I’m really not sure.

Hi Jimmy, so if albaco reverse into amgo as you suggest could happen (I’m not saying this is wrong as I agree it’s a plausible option) then are you suggesting that the dilution will be on the CHP side and not amgo. I must admit I’m unsure if that were to happen if chp shares would increase in value as much as hoped.

I still can’t get my head around why Jim would own a big stake here and not amgo, if it’s amgo that would see the bigger value rise.

Bloggingjoe, do you have shares in code? I can’t remember .

Good luck

I think we will get some good news soon and not necessarily just the news we are expecting (alba bank license approved ) . Possibly increased stake in albaco another disposal or something else. When the time is right (soon) I think we’ll get a lot of news and the potential of chp will have a light shining on it. Then there will be investors piling in.

I can’t work out why there is not more buying. Some challenger banks have huge valuations and they have achieved those valuations quickly. The license is imminent so I’d expect more taking positions .

Anyway I am not going anywhere . Exciting times

Good find Nero , I’m pretty sure that’s new, likewise thanks borrowfunds for alerting us to more website changes. Things taking shape.

I fully agree Nico. There’s no speculation about Jim’s holding here, it’s all there in black and white. I’m not sure if a new bank would want anything to do with amigo loans even if it was just their listing.

Whatever happens if you own shares here you are backing a fantastic businessman to make a success of things, a businessman who will personally benefit greatly if the share price flies up.

At this valuation it’s a steal in my opinion. There’s never anything certain of course.

This one (I don’t know which other shares you in other than CODE) .

The AMGO RTO link I personally don’t buy into but maybe that’s because I’m biased to CHP. Why didn’t Jim buy up a massive chunk of Amgo stock . For me follow the money and Jim’s money is in here not Amgo, unless I’m mistaken, not as a share holder anyway.

It’s a distinct possibility bloggingjoe , more disposals would be a good thing for us here. We are bubbling away nicely .

Today’s RNS shows that the company is very much active and has a clear strategy. I expect more disposals to come over the coming weeks. Everything feels calculated and planned which is a refreshing change from a lot of companies on the market. What a great time to own shares in this company. Well done to all holders , let’s hope the momentum continues into next week.

Bloggingjoe, I sincerely hope and expect things to go well for us. The banking license is likely to be the catalyst as alba bank can start full banking operations on day one. There will have to be a big move here at some stage. I can wait a few more months if needed but suspect imminent means it won’t be that long.

Even with a relatively small holding in AlbaCo there could be big returns here. Reading about other successful challenger banks such as Revolut and Monzo it’s clear AlbaCo could grow very quickly and be very profitable .

The dream would be an AlbaCo RTO and I’m sure the effect on the share price if that happened would be something special to witness.

I’m sure good things are coming here.

Below is the interesting bit of the RNS in my opinion and holds the key to our fortunes here. I am confident that when the next funding round for albaco is carried out it will be on favourable terms to existing shareholders holders (and value creating for us). Otherwise why is Jim taking such a large stake in CHP and why would Scottish business people and their families backing it to.

“Substantial investment from successful Scottish business people, family offices, a former challenger bank founder, and a European capital investor has already been obtained by AlbaCo and the Board of Caledonian Holdings understands that discussions are under way and progressing very well for AlbaCo to raise additional funding upon, or following, receipt of a full banking licence”

Is it likely /possible that CHP acquires a larger stake in AlbaCo or even are some people expecting it.

There are still a lot of unknowns but Jim will know already and he has been keen for shares in CHP .

Hopefully we get the red dot imminently.

Hi Anunnaki, you’ve not missed an RNS. I was saying I’m surprised the share price is dropping especially as there hasn’t been news to justify it.

It’s taken me by surprise. I was confident we were at the basement. Doesn’t change a thing mind. More patience required it seems

We are at a point where the only way is up. It’s just a matter of when. I have learned to be patient and this is the key time not to go chasing other stocks unless you are really committed to holding them long term.

What a miserable week . Let’s hope for better after the weekend .

Ah thanks uNkown, sorry my figure was wrong. Still tiny Macap