Amigo Share Discussion Threads

[jimbo130] 17/7/2020 14:39

I am buyer again, but 9p?

No.

I wait for result day, a few days later I think we all get to buy some at sub 5p

[jimbo130] 17/7/2020 14:37

haha

The company itself has stated they are not loaning any money so how cash is going up?

Look who were posting yesterday, do you see them around?

Most of us bought near 7p and looks like most of us have took off.

[sbb1x] 17/7/2020 14:35

Clear to see who the gold fish traders are looking to buy back....

[schrodinger cat] 17/7/2020 14:34

Cash not growing by 21-35m per month.

They have not loaned barely any money last 4 months.

[tidy 2] 17/7/2020 14:34

Thats value. Buying tenners for 1 quid each.

[schrodinger cat] 17/7/2020 14:33

More like crazies getting liquidity with £500 pension money punt. LOL

[tidy 2] 17/7/2020 14:33

Yes cash growing by circa 21m - 35m pm. Cash back alone equals 105p sp

[sbb1x] 17/7/2020 14:32

Expect directors to buy once final results are out and could possibly see a buy back of stock instead of dividend

[sbb1x] 17/7/2020 14:30

Expecting a big gap up day on final results day and could rise 100%.

[schrodinger cat] 17/7/2020 14:27

Liability should be going up by the day.

RNS in close will be scummy, but I am not holding to get a nasty surprise. I am value investor.

This was way too dear for me. After news day, we may be able to buy some 3p-4p for a punt.

[fund1] 17/7/2020 14:21

This is an email I received. Let's not forget an offer of 20p that was considered poor was not long ago and they obviously went through the books and everything before making the offer. Here's the email reply I received. Thank you for your email. It is very difficult for us to comment on theshare price. I can assure you we are working very hard to address thechallenges that we face. As we are in a close period ahead of our resultsannouncement, I am very limited in what I can discuss with you now.

[the white rabbit] 17/7/2020 14:20

I do not think they want to release the rns.

That was yesterday sale btw. Today sells comes on Monday.

I suspect the minute they release it that's when mms will smashed bid side.

Perhaps they have inside news, and want to short as many shares they can. Everyday they released, the share price ticks spiked down by circa 0.7p
'

[wapper] 17/7/2020 14:18

1% sale RNS is very late today

[bionicblabbermouth] 17/7/2020 14:16

Forget about 9000 complaints.

Tens of thousands of parasites who borrowed money are skint. They are not going to pay up and infact, these subprime borrowers will seeking more compensation and interest back + 8% on top.

[the white rabbit] 17/7/2020 14:13

Key words material higher and significant uncertainty are the keywords.

Careful of the chasers here.

[the white rabbit] 17/7/2020 14:13

3 July 2020

Amigo Holdings PLC

("Amigo" or the "Company")

Amended Voluntary Requirement with FCA

Further to our announcement on 22 June 2020, Amigo has yesterday entered into an amended Voluntary Requirement ('VReq') with the Financial Conduct Authority (the 'FCA'). Under the terms of the amended VReq, the Company has agreed to reach a position by 30 October 2020 where all complaints are dealt with appropriately within eight weeks.

The extension of the VReq from 26 June 2020 to 30 October 2020 implies that the number of complaints covered by the VReq will be substantially increased. As previously announced on 8 June 2020, the cost of the original VReq was estimated to be at least GBP35 million and could be materially higher. Whilst there is significant uncertainty about the eventual outcome, the cost of the amended VReq is expected to be substantially higher than the estimate of at least GBP35 million, as it will cover a longer period and will be dependent on the total number of complaints received.

[con90210] 17/7/2020 14:12

And cash reserves too. This isn't over yet...

[the white rabbit] 17/7/2020 14:10

Very risky to hold this sick puppy today. Could have been a bull trap by mms. That's why I took off. seeing people stating they sold in the morning.

Don't want to be left holding the baby,


I suspect going down the rabbit hole in the close and could come out 5p Monday morning open.

The liability and claims going up. Read their RNS statement of 2 weeks ago.

[henchard] 17/7/2020 14:03

Thanks for your thoughts Slinkyj, appreciated. I'm really not sure how the claims situation is panning out and the revenue in Q4 and Q1. Only management know at this stage I suppose. A case of best guesses for everyone else, or wait for the numbers.

[slinkyj] 17/7/2020 13:49

My guess H, is there is about £20-22 million in unsettled/ new to sort still. This would be an amount that covers the 9000 claims backlogged. Obviously this is my guess only and I'm not sure what their "normal as it were" rate of current claims was before the backlog since last results. But I recon that was factored in and shown on previous results, so trend shouldn't upset to much in that aspect. Obviously they have been quieter as we all have in Covid, so some lower revenues to be expected. So my guess is value in current price and a safe bet up to the last buy out offer. Imho, but everyone dyor

[henchard] 17/7/2020 13:47

Results could be released as early as after-hours tonight or before the market opens on Monday, what £m level of mis-selling claims costs do folk think AMGO will book in the results?

[bearnecessities] 17/7/2020 13:35

Was just about to post similar. Nice bounce off the lower end of the channel on the 5 min chart. Hopefully strong close.

[tidy 2] 17/7/2020 13:17

Nice W shape on the daily building, at the bottom on the last up leg now.

[sbb1x] 17/7/2020 13:10

Lovely volume 31m

[tidy 2] 17/7/2020 13:05

157m in the bank now.