Amigo Share Discussion Threads

[sianhan] 23/5/2022 19:05

I doubt that Blackhorse23. when fca give Amigo the green light to lend again in the near future it will be a loan company that will have fca approval and a very strong board with connections and new products launching.
Any loan company with a higher Apr than Amigo should be worried, the fca are coming.

[blackhorse23] 23/5/2022 18:48

Long way to go. Next placing coming to raise funds # MCL will take over loan book

[sianhan] 23/5/2022 16:42

* FCA non objection. ✅
* Convening hearing. ✅
* FCA agree lending if sanctioned ✅
* Customer Vote - closed ✅
* Committee meeting ✅
* Vote passed ✅
* Court 23rd ✅
* NBS approval ✅
* Satisfy FCA
* Show case new products
* Re-lending approval
* Cap Raise 12 months

[sianhan] 23/5/2022 16:34

Amigo announces that the High Court has completed the hearing and the Judge has stated that he will sanction the New Business Scheme.



A successful New Business Scheme will open the door to a fresh source of responsible, regulated finance for millions of people in this country who don't have access to mainstream banking. We have developed new products to serve this market in a responsible way and believe we have a valuable role to play.

[grosstonnage] 23/5/2022 16:23

Good news.

[blackhorse23] 23/5/2022 09:43

Metro bank is an opportunity for new entry, amgo sinking & long way to go

[supercity] 23/5/2022 09:19

Rubbish mate - read the 13th May RNS. significantly dilutive equity issue is needed to fund the Scheme and to recapitalise the ongoing business given the requirements of the Schemes for the transfer of virtually all existing assets to the redress creditors.just for absolute clarity "transfer of virtually all existing assets to the redress creditors".That is an Amigo statement.

[blackhorse23] 22/5/2022 23:30

Long way mate , requires placing if court approved, MCL better than amgo , no issues like amgo

[123davidgwilym] 22/5/2022 14:20

The assets will not be decimated. They have their earning assets, which will start to increase if/when lending recommences.
They are currently trading profitability despite the shrinking receivables.
Their top management team is now very good.

[dexdringle] 22/5/2022 13:03

Yes, if they don't take up their rights, shareholders will be massively diluted. And, yes, the existing assets will be decimated. And, yes, there will be a planned suspension while things are sorted out.

That's why they have fallen from £3 to 6p.

If it was worthless then:

1. there would be no point saving the company
2. the shorters would have shorted it to 1p by now

[brocksford] 22/5/2022 13:02

So, given the market is fully aware of the impending dilution does that mean it is “priced in” to the current SP?

[dexdringle] 21/5/2022 17:52

supercity, it must be being so cheerful that keeps you going 😂

[supercity] 21/5/2022 14:18

Contrary to many posters beliefs some one posting to explain the situation or clarify many falsehoods on bulletin boards doesn't necessarily have to be shorting, trying to get in cheaper or deramping.There is so much rubbish posted and investors get sucked in.MCLS is the latest example where twitter and the boards were alive with nonsense takeover rumours saying the price will multibag - then a few days later shareholders lose the lot and MCLS had told shareholders many times they were in trouble and the shares could become worthless.Pretty much the same as Amigo have said here - yet some posters chose to totally ignore it and attack anyone who points it out.It's all in the May 13th RNS - the company have warned everyone

[supercity] 21/5/2022 14:09

I post to warn people not to be sucked in by false posts.This share will now be suspended on Monday while they decide whether to wind the company up or issue a substantial amount of shares to enable it to continue trading and leave shareholders massively diluted and the company with little assets.As they told shareholders on the 13th.

[dexdringle] 20/5/2022 12:19

......which has what to do with Metro Bank ?

[blackhorse23] 20/5/2022 08:59

As amgo falling , MCL has good chance to take over the market

[dexdringle] 17/5/2022 21:15

Blackhorse23

17 May '22 - 15:16 - 22801 of 22802
.......sold amgo & bought mtro bank

===============

Christ on a bike. Are you some sort of financial masochist?

[bc4] 17/5/2022 20:43

well done, hope you do well with your £100 bye

[blackhorse23] 17/5/2022 15:16

Suspend trading soon , sold amgo & bought mtro bank

[coiboyroy] 17/5/2022 08:10

Just another saddo that wants to bash stocks when they probably don't hold them

[bc4] 16/5/2022 19:46

Super if you do not like it why keep posting, Bye

[chinese investor] 16/5/2022 11:04

"Amigo is proposing initial cash contributions totalling £97 million from internally generated resources, alongside a further contribution of £15 million, being part of the proceeds from a new equity and capital raise.
The initial cash contribution compares to an amount of up to £35 million in the previous scheme proposal."

[supercity] 16/5/2022 10:55

New funds for lending will also need to come from a fund raise - no banks will lend to a company with no assets.Hence the massive fund raise coming - as the company have already told us.Some posters choose to ignore the glaringly obvious just like they did with MCLS - don't let them suck you in