Amigo Share Discussion Threads

[g2theary] 30/12/2021 23:54

Well clearly 2p is marked on the cards here... I still think there is smouldering embers here but all depends on the broader market really. Correction comes money markets tighten will this survive? But certainly a tangible asset value to the name here that I'm sure if they do go bust some big name will buy it :)

[g2theary] 16/12/2021 08:46

The could be a Christmas spike coming here guys :)

[supercity] 13/12/2021 08:04

Current market cap 28mMinimum raise of 70m (minimum).It's looking like the shares in issue will increase 2-3 fold.It's bad enough.The shorts haven't even got their teeth in to it yet.

[leoneobull] 13/12/2021 07:13

So 35m for compensation from shareholders and 35m for new lending. Could be worse

[supercity] 13/12/2021 07:09

Minimum fund raise of 70m.New lending capped at 35m and could be 9 months away minimum.Shareholders about to get massively diluted.https://www.amigoscheme.co.uk/practice-statement-letter

[chinese investor] 12/12/2021 16:43

Whatever happened to Benamor ?

[grosstonnage] 10/12/2021 11:53

The last of the big spenders.

[beerboy02] 09/12/2021 21:41

I think this will come good as long as your a long term investor, it ain't going bust

[jayrh] 09/12/2021 18:48

I say massive placing coming

[leoneobull] 09/12/2021 08:17

Evil knievel says hold

[123davidgwilym] 06/12/2021 23:35

I’m puzzled by the negative reaction.
They’re expecting to settle for £105 million, and of this £90 million is covered by provisions.
Am I misunderstanding?

[chinese investor] 06/12/2021 14:31

supercity,
They make a choice - carry on with their complaint which, if successful, would net them a couple of hundred pounds at most and they would still be borrowing at 49.9% AER
or
get borrowing facilities at 29.9% AER !

[daniel] 06/12/2021 13:24

Yes, they will need to drop their complaints to move to the 29.9% APR

[chinese investor] 06/12/2021 11:06

Very similar to what is being proposed !

Chinese Investor (AMGO) 26 Jun 2020 - 14:47:21
If I was on the Amigo Board I would make the following suggestion :-

Introduce a new Loan System from 1 August 2020 with an APR of 29.9% (with different terms and conditions).
Existing customers would automatically be transferred to the new system (unless they had plans to complain).
This would include Complainants but they would need to drop their complaint.

Scrutiny of new customers would need to be improved.
Robust dialogue with IFA needs to commence now.

[chesty1] 06/12/2021 11:01

If this was a dog it would be at the vets and put down!!!!

[g2theary] 06/12/2021 10:38

2p I'll gamble :)

[chinese investor] 06/12/2021 08:49

Can AMGO afford it ?

[theimmortalone] 06/12/2021 08:32

Utter dogpoop.