Amigo Share Discussion Threads

[heatseek77] 20/7/2020 08:56

has anyone else sent any questions in? go on here's your chance

[heatseek77] 20/7/2020 08:50

is anyone else listening to Nayan? - white rabbit u DF i think hes just into the rabbit hole used your useless usp

[supercity] 20/7/2020 08:48

Yes you are missing something - google 'what happened to wonga and why' and you will see where this is heading.

[supercity] 20/7/2020 08:45

It's not like it's been blatantly obvious from the recent news releases and history with these kind of claims with other companies - is it ;-/

[stalker_boy] 20/7/2020 08:43

I have a feeling the press will be all over this today

[heatseek77] 20/7/2020 08:42

Akx89 not sure about a surge but has popped up

[heatseek77] 20/7/2020 08:39

As owner of several digital transformation companies impressed moved almost all of 400 employees to wfh in March alot better than many public & private sector companies involved with.

[akx89] 20/7/2020 08:24

Surge in buys between 9.45am-10.15am. Wait on it :)

[the white rabbit] 20/7/2020 08:09

high level of customer complaints redress
ended 31 March 2019 the complaints redress
where we thought it was likely that redress
GBP9.3m utilised in the period to award customers redress
where it is considered likely that customer redress
affect complaint volumes, uphold rates and redress
Complaints redress (9.3)
complaints redress
high level of customer complaints redres
If complaints redress
nature and quantum of the redress
is considered likely that customer redress
more likely than not that customer redress
Average redress (GBP)
volumes and the magnitude of redress
Average redress per valid complaint(3)
Average redress. Sensitivity
GBP500 change in average redress on the provision.
Customer complaints redress
to 31 March 2020 against customer complaints redress
the estimate of cost of redress
it is considered likely that customer redress
phold rates and redress costs
customer complaints redress throughout

[the white rabbit] 20/7/2020 08:02

Careful friends

They have mentioned Redress 24 times in that RNS. They are telling us in the face, it's a busted flush.

24 times. !!!!!!!!!!!!!!!!!

[heatseek77] 20/7/2020 08:02

Is anyone tuning in

Amigo will be hosting a live webcast for investors and bondholders today at 09:30 (London time) which will be available at: hxxps://www.amigoplc.com/investors/results-centre . A conference call is also available for those unable to join the webcast (Dial in: + 44 20 3936 2999; Access code: 828935). A replay will be available on Amigo's website after the event.

[disruptor1664] 20/7/2020 08:01

Thanks bap, at least I won something today!

[the white rabbit] 20/7/2020 07:59

Will go in the rabbit hole in the close at 5p, I am afraid.

Good luck Guys. Many good men got taken out today.

where's SBB with 25p -30p?

is it still saying 50p in next 2 months time.

[countdracula55] 20/7/2020 07:59

Imo a placing is the next move, my prediction will be at 4p.....risky risky eh.

[heatseek77] 20/7/2020 07:54

imo last sentence key going forward..

Commenting on the Full Year results, Roger Lovering, Acting Chair of Amigo, said:

"The last 12 months have been a challenging and difficult period, which is reflected in our results today. We are operating against an evolving regulatory picture, while facing economic uncertainty due to the Covid-19 pandemic. Subsequent to our year-end, we have seen a substantial increase in the volume of complaints and this has led us to make a significant provision, which resulted in an overall loss for the financial year. We continue to engage productively with our regulators to understand the evolution in their approach and anticipate that this will remain an ongoing focus for the new Board members of Amigo

[chinese investor] 20/7/2020 07:36

I think the main problem is customers realise Amigo Loans is a wounded animal and they are taking advantage.
They are not even bothering to pay back their loans.

Sorry state of affairs - for both company and erring customers !

[henchard] 20/7/2020 07:28

Quarterly figures (£m) FY ending 31 March.

.........................Q1.......Q2.......Q3.......Q4
Revenue..................71.5.....73.9.....72.6.....76.2
Interest.................(10.4)...(6.8)....(6.8)....(6.7)
Receivables impairment...(21.8)...(23.4)...(23.5)...(44.5)
Other operating costs....(16.7)...(13.6)...(14.9)...(14.2)
Complaints costs.........(0.00)...(10.4)...(16.2)...(100.4)
Other....................(0)......(0)......(0)......(2.0)
Pre-tax profit...........22.6.....19.7.....11.2.....(91.6)

Just look at those Q4 numbers (1 Jan - 31 Mar).

What do you think Q1 (1 Apr - 30 Jun) is going to look like!!!

[telbap] 20/7/2020 07:26

@count....I think the blood bank here is running on empty....you have to go suck elsewhere

[countdracula55] 20/7/2020 07:26

Its not going private its going bust, no future here.Fools gold.

[telbap] 20/7/2020 07:25

And the top post prize of rabbit pie goes to........Disruptor...made me laugh ? But I wish everyone here the best and think there is money to be made. But my heart is not made of strong enough stuff and I have seen the enemy: these scrotes on a compo run will not stop. Makes 28 days later look like an orderly 2m distanced queue at Tesco.

[disruptor1664] 20/7/2020 07:24

Fully agreed. They kitchen sinked it which was the right thing to do. Hopefully with new chairman things will start to green shoot.

[disruptor1664] 20/7/2020 07:23

I wish you all the best, I got out quick enough to only have minimal losses, of which I will regain by banging a bit more into one of my long term invests.But I wish everyone here the best and think there is money to be made. But my heart is not made of strong enough stuff and I have seen the enemy: these scrotes on a compo run will not stop. Makes 28 days later look like an orderly 2m distanced queue at Tesco.

[wapper] 20/7/2020 07:22

Kitchen sink / huge provisions here. Not necessary. Will get written back after Benamor sold his shares at a pittance. I'm adding.

[comedy] 20/7/2020 07:20

7.666...???

[sbb1x] 20/7/2020 07:18

Who got the lowest buy in price....