Amigo Share Discussion Threads

[rookieswingtrader2020] 25/5/2022 00:37

So to be clear, you thought my question to someone else was an opportunity for you to repeat, this time to me, a comment that you had made to a (different) someone else? Ok, just checking.

[boinicdog] 25/5/2022 00:10

You will not hear the ice cracking till it breaks

[rookieswingtrader2020] 24/5/2022 23:47

You sold soon after 8:10am BST on Tues 24/05, hours after announcing it would be 10p soon?

[kirk 6] 24/5/2022 18:23

Morses has less shares as well so a much small mkp. There is huge potential morses could go back to £1 there is no chance after dilution amigo will. Morses far more upside

[sianhan] 24/5/2022 12:58

Amigo shares nearly at the same price as mcl and it’s not even lending yet.
What do you think will happen when the judge’s write up comes out and fca give Amigo permission to lend again.

[dexdringle] 24/5/2022 12:40

People approached Amigo, an FCA approved lender, and asked them for loans. No one put a gun to their heads.

They even brought along a more credible individual WHO KNEW THEM BETTER THAN AMIGO EVER COULD who was so confident in the borrower that they were prepared to stand as a guarantor. They (the guarantor) would know better than anyone whether the person they were guaranteeing was dependable. Obviously any guarantee would be enforceable otherwise what was the point ?

It's a no brainer, brilliant, business model. Or it was until the woke, "it's all someone else's fault", compensation mob bowled up and the authorities stupidly rolled over and agreed with them (it being easier to do that then tell people to pay their debts and stop bloody moaning).

The current shares should not be viewed as an investment in and of themselves. They are effectively just a 6p 'option' to take part in a restructure and relaunch. A warrant if you like.

If you buy these now you need to be prepared to stump up at least as much again at some point when the 19 for 1 Capital Raise happens.

[blackhorse23] 24/5/2022 12:31

Technically bankrupt company (amigo)after paying 115 million compensation , need more funds to operate business as usual ... MCL business as usual

[glavey] 24/5/2022 12:25

Amigo is a well known tarnished brand name in this sector.

[sianhan] 24/5/2022 12:17

Who’s heard of metro or morse lenders?
Only came across them from folk on here trying to pump on Amigos page

Amigo is a well known leading brand name in this sector.

[bc4] 24/5/2022 10:36

Bigtune888 I made money this morning, DID YOU?

[bigtune888] 24/5/2022 09:57

Did you sell your 120p average at 9p?

[chinese investor] 24/5/2022 09:26

For The Record I Sold Soon After 8:10 This Morning !

So There !

[love and gold] 24/5/2022 09:09

China got spiked again. LOL

[purchaseatthetop] 24/5/2022 08:46

This has a long way to go upwards but it has the dilution first so watch out buying now.

[jayrh] 24/5/2022 08:41

Ouch who bought at 9

[ohsod1t] 24/5/2022 08:20

Looking down the back of the sofa!

[bc4] 24/5/2022 08:11

HA HA where are all the bashers NOW

[brocksford] 24/5/2022 08:07

Nice opening 👍

[chinese investor] 24/5/2022 07:58

Here We Go !

[blackhorse23] 24/5/2022 07:54

It's nothing to do higher interest , it's how companies provide loans # checking affordability, provide correct information etc

[kirk 6] 23/5/2022 22:28

Agreed think Morses one of the very best

[robizm] 23/5/2022 20:55

It already had fca approval before it just lent loans to people who could not afford to pay them back hence the compensation.

Blackhorse 23 Morse do not do guarantor loans they do online and HCC. There are still plenty of high interest companies out there such as Gain Credit and a few better run payday lenders. The FCA can’t touch them as long as they pay off the complaints as they come in. Amigo won’t be as profitable going forward but will make money as long in the raise is successful.