Amigo Share Discussion Threads

[chinese investor] 13/7/2020 19:50

So Amigo personnel need to be qualified psychiatrists.
This is just stupid !

[chinese investor] 13/7/2020 19:35

Guarantors don't have the same consumer rights as the borrower so they are easy prey.
This is rarely mentioned.

[adrian noble] 13/7/2020 19:23

Guarantors will not want their credit rating impacted by not paying if the borrower can't make the monthly payments.

Amigo approve only 15% of loans so the guarantors must have the funds to pay.

Last update told us the collections remain strong.

Guarantor model works and this is why we will come out the other side.

[bantam175] 13/7/2020 19:12

BB What do you think Ocean Finance are?

[bionicblabbermouth] 13/7/2020 19:11

CI

are you long here?

[bionicblabbermouth] 13/7/2020 19:06

but someone has to lose money in those re-mortgaging, the banks locked in at Libor + margin.

[chinese investor] 13/7/2020 19:04

"MPs are calling on the government to step in and help more than 170,000 'mortgage prisoners' who are trapped on high interest rates.

Thousands of frontline workers, including nurses and hospital workers, are forced to pay double the interest they would on a competitive mortgage.

Strict affordability rules prevent them from re-mortgaging to a cheaper deal."

[bionicblabbermouth] 13/7/2020 19:03

Maybe subprime credit cards too, could be next.

[chinese investor] 13/7/2020 18:59

If this continues Amigo have big problems.

Any borrower will be tempted to complain citing non-affordability.
If they are not happy with Amigo's decision they can appeal to the Ombudsman knowing it'll cost them nothing and Amigo....£650.
It needs the Government to accept guarantor loans can be useful.

Even Google won't accept adverts for guarantor loans !

[malpenn2] 13/7/2020 17:26

Interesting here we see the MIC have added to their holdings but we haven't seen a RNS TR-1

hxxps://m.marketscreener.com/AMIGO-HOLDINGS-PLC-44458576/company/

Hopefully tomorrow, I've emailed Amigo to ask if this is correct or not.

[rk23] 13/7/2020 15:01

Blimey - something must be wrong, even Kirks pipped down on the ramping.....

[astute person] 13/7/2020 14:44

The cake is MIC.

[the white rabbit] 13/7/2020 13:14

Just lurking now. Want to see where that 4.75m trade gets executed today.

VWAP currently 9.332p, so doubt it's going to be above current vwap.

GLA

[sbb1x] 13/7/2020 13:06

Might get 7s again in a few days if your lucky

[bantam175] 13/7/2020 11:13

So long as it's the right word.

[bantam175] 13/7/2020 11:13

One word from Crawford and it could be higher than that instantly.

[con90210] 13/7/2020 10:30

Mental to think this was 18p on the bid last Monday...

[pictureframe] 13/7/2020 10:20

Wait until or if they start lending again