Member Info for xel123

Good evening Serend,
Appology accepted and thank you for the recorrection.
"Brave? No just polite."
Yep, that's my bad it's "Polite*

" Delete your account? I think you may be taking this place a bit too seriously :)"
I'm a man with an integrity and allways discuss facts so I was pretty sure that I have not mentioned about the price :) :)
Never ever said that this share is going to get to 15,20,25 or 50p. But as a holder of this share I'm cautiously optimistic.
All the best

SetenD
"On another thread XEL estimated 20-25p by Christmas. I guessed 12p so not far off you"

Can you please tell me which thread I have estimated this will go to 25p by Christmas?
Anyone in this discussion board for the last 6 months knows that I have invested this share, positive about this share but never claimed that this will go to 25p by Christmas.
If you show me and prove me that I have posted somewhere that amigo will hit 25p by Christmas, I will stop posting this board and will delete my account completely.
Be a gentleman (as you claimed you are) and show me the proof. If not I deserve apology from you. If I'm wrong I will apologise and delete my account.
Let's see how brave you are

SerenD
" It is not a maximum as xel claims,"
Just to remind you that these not my words. This is what they said in the webcast. I have no reason to not belive the BOD as they do not have any reasons to hide anything.
Do you think BOD is deliberately trying to cover up about the potential redress figures?

@vinson & @seamus12,
This same quection asked twice in the webcast and GJ specially mentioned that the £159mil is included all the future possible claims and the assumption has made based on the highest possible complaints level. So I think £159mil is the top figure

Hi Vrog,
Just seen it and spot on. There will be a big demand for credit in post Covid19. If we get our complaints sorted by early 2021, then we will do well.
Not sure others noticed that GJ mentioned that he had a private session with chair of the Woolard committee outside the normal committee meeting about the unsecured lending market.
It's looking very promising. Let hope things will get better for us.

UK banks has made over £2.4 billion from providing overdraft facilities to their customers.
Typical interest rate is around 39.9%. This might be one of the sector AMIGO trying to enter and there is huge potential here.

Serend,
I rather put more money away than less and then having more issues with the share price. What's your thought on Amigo entering near prime Market?

Sure,
Insted of average redress amount we have taken highest possible redress figure to avoid further provisions for redress. Not average but highest possible
This is what they said

Serend,
I think you get something twisted. Complaints redress projection based on the average redress and not the highest level of complaints. Why I said its clever is
If you tell the market about the redress figure based on average (normal accounting practice is based on average figures not the highest level) and then if you have to increase the figure again then it will be disaster. So the AMIGO being clever and put the highest figure now rather than increasing it lateron which will create bad impact on share price. Other clever thing is if there is a surplus after the claims this will be back to the balance sheet and positive impact on share price.
Regarding your suggestion of me being ramping,
Please read my previous post, never said this will go up to 20p or 2p. That's not my style. I comment here pure facts not fantasies

There we go DeanJ.
I'm glad that you trust this share to hit 14p.
All the best

Mark,
You know what I think :) :)
I been here for long and and you seen my previous posts.
Are you back in now Mark?

Hello Serend

"xel123 - I have been in wealth mgt for 20 years, and an accountant for 25, care to share your expertise?
I also hold 150k shares*

Sure,
I have been in financial planning for just under 15 years.
I have just over half a million shares.
Hope this helps.
All the best

Let me make it simpler
You said your average price is under 7p. Let'say it's 7p. You want this to be double - 14p
Do you belive AMIGO will hit 14p?
When do you this will hit 14p?
Why do you think this will hit 14p.
I can't make it anymore simpler

Simple quection
Why do you belive this share will go double?
Do you belive this share will do double?
Just simple answer will do

You wants your investment to go double yet you are seeing plenty of negative things about this share and not a single positive thing about it.
Do you think people in here are stupid to belive you?
Also you are really stupid to hold on to this share to go double specially when you see all these nagative things.
Sell move on where you can make your money double.
All the best

Who's on earth is not happy when your investment(share) is going up!!!
It's not rocket since DeanJ, you have not invested in this share. Anyone read your comment knows who you are.
You are claiming that you have invested here and price is just under 7p. If its correct, why don't you just sell and make a nice profit (abt 30%) and move on.
Come on dude don't kid yourself

At least I have invested here unlike some people come here just to comment :) :)

Thank you for your expert observation!! :) :)

£159.1mil
Majority of the above sum is for the potential complaints. Above amount is based on the assumption that we will get high level of complaints in the future too.
So £159.1 mil is for the worst case scenario and we may get some of the money back to our balance sheet.
Another very clever move... :) :)

But we have asked them to check and approve our products so they can't come back to us.
Very very clever move :) :)
#AMIGO2