Amigo Share Discussion Threads

[blackhorse23] 10/3/2022 09:34

4p by end of week

[logica2me] 10/3/2022 08:50

Sub 5p coming as I said

[spirito] 10/3/2022 07:32

It isnt a a swap, new equity will be offered for sale

[ldrcvm] 09/3/2022 17:08

Chinese Investor.

Its not a 19 for 1 rights issue. This is a pretty standard debt for equity swap whereby current shareholders will end up with 5% of the company. The majority of the new shares will be issued to creditors (debt holders and ripped off parties) in lieu of cash owed. So the current pro forma mcap is £674m, clearly a ridiculous level.

[chinese investor] 09/3/2022 10:07

I have noticed the current cap is £35 million (that's half £70 million).
So if the 19 for 1 rights issue took place today (share price 9.5p) the placing price would be :-

1p !!

[blackhorse23] 09/3/2022 10:07

Buying target 2p , company not making any money another few years , need to raise equity if court give permission if not insolvent

[chinese investor] 09/3/2022 09:28

Let's say AMGO are 5p and the 19 for 1 rights issue is priced at 2p.
Let's say the rights are taken up fully so the holding costs marginally over 2p...
...BUT the share price remains at 5p because the rights issue has already been priced in.

OK it might drop a bit !

[logica2me] 09/3/2022 09:23

Heading that way now

[spirito] 09/3/2022 09:22

classic pump and dump

[logica2me] 08/3/2022 21:54

Bloodbath tomorrow. Sub 5p open

[supercity] 08/3/2022 20:55

Considering they are looking to raise a minimum 70m from new shares being issued I'm baffled as to why people would buy at these levels (06/12/21 RNS and tonight's RNS)

[logica2me] 08/3/2022 09:54

That was a totally different company. You can’t compare the two.

[letmepass] 08/3/2022 09:40

Expecting 20p.this was 300p

[logica2me] 08/3/2022 09:38

I’m guessing this is just shorters closing mainly. I’m expecting a drift back to 5p within days.

[treble in 1999] 08/3/2022 09:30

The share dilution has been put to the fca. Any variance will need their approval. And of course, if shareholders are seen to benefit, they will act. The fine maybe even bigger. The fca hold the cards.

[chinese investor] 08/3/2022 09:23

When lending restarts "question one" will be :-

"Can you afford this bloody thing ?"

I suspect !

[chinese investor] 08/3/2022 09:19

Very soon !

[telbap] 08/3/2022 08:52

Wow, you need some sun mate, or maybe Mirtrzapine?

[chinese investor] 08/3/2022 08:35

I sense 10p soon !

[chinese investor] 08/3/2022 08:08

Great Start !

[letmepass] 08/3/2022 08:02

Brilliant, thanks time to load up. Someone is.

[spirito] 08/3/2022 07:30

The New Business Scheme will require the Company to issue at least 19 new shares for every existing share in the Company. This will leave existing shareholders (unless they participate in the equity raise) with no more than 5% of the Company's share capital, reflecting a UK market standard level of economic interest for equity holders where creditors are not being paid in full.

[123davidgwilym] 07/3/2022 22:51

Not necessarily correct. Obviously if the price goes up the dilution will be less.