Amigo Share Discussion Threads

[brocksford] 14/10/2022 11:34

The RNS states that the £40m raise “will include the 19/1 share issue” so your price calculation may be out on the basis that the £40m isn’t the full raise proceeds, there could be some debt in there too!

I can’t get my head around the raise, surely if you do a 19/1 raise then the issue price is s generally just below market price on the day they announce the raise, in which case it would generate far more than £40m. Unless they are a separate share class or something.

I think there will definately be a share consolidation at some point going forward rather than having that level of shares in issue.

[chinese investor] 14/10/2022 11:27

19/1 at today"s cap is more than £25 million !

[purchaseatthetop] 14/10/2022 11:08

Can anybody tell me where my maths is wrong. Todays RNS makes it crystal clear as far as I can see as it is all set in stone by the court.

[dave4545] 14/10/2022 10:59

Surprised shanew48 has not turned up with his 50p+ posts !

[purchaseatthetop] 14/10/2022 10:56

It’s very simple maths.
Presently there are 475m shares.
They state they will as court ordered dilute 19/1 to raise £40m
Therefore 475m times 19 = 9.025b shares
£40m/9.025b = 0.44p
Therefore this avalanche of new shares will be less than 0.5p. Why buy now at 5p?

[tidy 2] 14/10/2022 09:52

People starting to digest the news. Buys building.

[tidy 2] 14/10/2022 09:29

MCL still material loss making. It is being Pumped on all the boards P&D red flag but GL.

[chinese investor] 14/10/2022 09:24

"If the pilot phase is successful, subsequent originations are expected to reach approximately GBP200m a year in year two and grow to over GBP350m in year four."

Current Cap is GBP25m !!

[sammy g] 14/10/2022 09:19

Nice start for AMGO today ! looks like MCL ( Morses Club ) about to get moving bigtime too !

[marmar80] 14/10/2022 08:54

Best moment to sell there if you are in profit

[visionary warrior] 14/10/2022 08:42

This will open up sub 1p shortly when dilution comes in.

[chinese investor] 14/10/2022 08:42

I wouldn't warry yourself about it !

[chinese investor] 14/10/2022 08:33

50,000 Customers and more to come !

[visionary warrior] 14/10/2022 08:33

I tried to short on the spike. MMS sucked people in.

Many chasers do not know 19-1 dilution is coming

[brocksford] 13/10/2022 19:44

Magic sounded better…㈳2;😀

[serious2304] 13/10/2022 19:27

Major hurdle

[serious2304] 13/10/2022 19:25

It is a magic hurdle out of the way. May spike but then it will drop back. The 19:1 dilution is making some nervous. I see it as a great opportunity to top up and I'll be taking up all my rights.

[chinese investor] 13/10/2022 19:20

20p Soon !

[dafad] 13/10/2022 18:29

RETURN TO LENDING RNS OUT