Amigo Share Discussion Threads

[sbb1x] 12/10/2020 09:01

Volume 15m 1st hour

[empirestate] 12/10/2020 08:46

Appears to be a decent size buyer out there swallowing up those sales. Looks well bid for, expect to see a holdings rns in next few days i reckon.

[samsung2020] 12/10/2020 08:46

You are filtered, keep typing

[sbb1x] 12/10/2020 08:42

Volume 12 million in 42 minutes.. Someone collecting shares....

[shakesmaster] 12/10/2020 08:41

Can this little sardine stop spamming when there's a whale in our midst.


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[shakesmaster] 12/10/2020 08:40

Little sardine above, Mr Whale wants more shs. Please help to fill his begging bowl for 2.99%. Still needs 6m shares from what I have heard.

There's a whale in our midst :)

[samsung2020] 12/10/2020 08:38

Morning mate, decent srart, be good to push on from here. Midweek rns or takeover talks would be perfect to blast it into next zone

[samsung2020] 12/10/2020 08:37

Brewing nicely, over 11m trades in 35mins...

[samsung2020] 12/10/2020 08:37

Resistant block at 13.66, needs to really blast past that, don't see it until mid week

[samsung2020] 12/10/2020 08:36

Morning bud, finally we start to get towards 20p...

[notknowing] 12/10/2020 08:29

I've resurrected this thread for the technical traders who like charts.

[grosstonnage] 12/10/2020 08:28

Cash is 30p alone. Much of contingency fund won't be used. So cash could be 40p.

[shakesmaster] 12/10/2020 08:28

Feed the hungry whale little sardines and move on. Mr Whale does not like little fish like kirk6 in his hood.

Mr whale needs little sardines to fill that 2.99%.

Since last Wednesday Mr Whale told little sardines he's about, could not be clearer than that on Friday.

[notknowing] 12/10/2020 08:24

An open letter to Shareholders from the CEO

Dear Shareholders

When I became CEO of Amigo I said, "it's fair to say I like a tough challenge", which is true. But I get a stronger sense of pride and accomplishment from the end result. Amigo has had a tough two years, but it is an exciting business with a really strong and valuable purpose.

I have successfully turned around three financial services businesses in my career, and I am determined to make this number four. My job is to lead the turnaround, but I can't do it on my own. Amigo is full of good people at all levels and we are working hard to fix the complaints, fix the relationship with the regulator, and get Amigo lending again. Our customers need us and by Amigo currently not lending more widely, they are the ones that are missing out.

I know that the dynamic of our shareholder register has changed enormously since our IPO in 2018 and we recognise that many of you will have lost a lot of money from being a shareholder in Amigo. My job is to make sure that we engage with all types of shareholders, whatever your size of holding. I want to get involved and listen to what you have to say. I am here because I am motivated by achieving results. I want to turn this business around and get it back on track.

I have had a good relationship with the Financial Conduct Authority and the Prudential Regulatory Authority in my previous roles. I am going to spend my time building relationships with the key people in the regulator; to discuss my plans and to get their help to make sure what we're planning to do is in line with what they want us to do. I need to ask them questions and listen to their answers.

I have seen a lot of evidence that we do things properly. We ask a lot of questions to really understand our customer's outgoings and income. Where a customer has a valid complaint and we have done something wrong, we are going to do the right thing for the customer and put it right. There are undoubtably cases where we have done the wrong thing, but a significant number of the claims that we are getting are not genuine claims.

The origin of Amigo is about one man not being able to borrow money. Our customers are typically people who have not been able to borrow money themselves because of a blemish on their credit history or they just don't have a credit history. Amigo serves a clear, vital purpose for these customers. It allows them to buy a second hand car to get to work, it provides the deposit to rent a home, it allows them to consolidate expensive debts into a much cheaper facility and it gets people on the credit ladder. There is no doubt that this section of the UK population, which equates to millions of people, is very badly served by the mainstream banks and is misunderstood. We can help these people and I am looking forward to working with the team and with the regulator to make sure that we continue to do so.

The ability of Amigo to help our current and future customers could genuinely change their lives and set them on a path to financial inclusion. This is our purpose and working together we can make Amigo great again.

Gary Jennison

CEO of Amigo

[avsome1968] 12/10/2020 08:23

Nice start to the week, decent RNS

[julianw2] 12/10/2020 08:23

Looks like she's been let loose - there be no stopping her now :)

[notknowing] 12/10/2020 08:22

resurrecting a thread with charts for the technical traders.

[kirk 6] 12/10/2020 08:22

As expected boom. Relax and watch the 20s roll in

[sbb1x] 12/10/2020 08:19

Sellers to get locked out...

[samsung2020] 12/10/2020 08:17

Certainly speaks well and sounds confident as ever. Let's hope for a solid finish in the higher 10 break into 11 for close of day

[empirestate] 12/10/2020 08:08

Gary appears to be a top banana with intent. Sounds good to moi.

[marmar80] 12/10/2020 08:05

Nice rns for a change

[jibba jabber] 12/10/2020 07:51

Where have the charts gone?