Amigo Share Discussion Threads

[amaretto1] 19/10/2020 22:04

It's all good ... see has a buying opportunity !! At this share price ... it's a no brainer ...Just add or hold ....U will at least treble your investment. My personal target is accces at 50p

[leoneobull] 19/10/2020 21:50

Amigo said the new requirement "does not impact the day-to-day running" of the business, or its ability to continue to pay down debt. It also stressed it had "adequate liquidity to continue to fund operations and support its customers".However, the company acknowledged that the increased regulatory scrutiny followed a high-profile battle for control of the business between its previous board and founder James Benamor. Mr Benamor had attempted to return to run the group, claiming its management had mishandled a rise in complaints and failed to stand up to the regulator in the past.Last month, he tried to rejoin the board before installing himself as group chief executive, but 57 per cent of votes cast at a shareholder meeting rejected his proposal.On Monday, Amigo noted it now "has a new board in place and is in regular and productive dialogue with the FCA to restore confidence following the events of recent months".It added: "The board continues to be focused on addressing Amigo's legacy issues, restoring confidence in its corporate governance and building a sustainable business for the long term."One person briefed on the regulator's action suggested it may have been taken as a precaution in case Mr Benamor took control of the group and made changes to its financial structure, but it would not affect the new management's plans.Mr Benamor had suggested returning cash from Amigo's UK regulated lending business to allow its parent group to build new businesses outside the remit of the FCA.However, the company's new management had already indicated it would not pay dividends or make other asset transfers, and the person briefed on the FCA's move said it "doesn't change any of their plans".John Cronin, analyst at Goodbody, said: "While this morning's announcement is clearly unhelpful for sentiment?.?.?. the Asset VReq will have a negligible impact on the day-to-day running of the business."According the FCA's guidelines on supervision of financial companies, a VReq may be used "in instances where we have evidence that firms are not meeting our standards". Its aim is to "prevent ongoing harm to consumers or markets".Ft.

[cobra kai] 19/10/2020 19:55

MMS swept the legs here today.

Strike First
Strike Hard
No mercy.

Kai

[readdin] 19/10/2020 19:23

im a holder of these and I trade a few also on the drops, this morning was great picked up 100,000 at 8.60 then sold half hour later at 9.76 thank you, nipped out, came home and they were 8.80 again ? managed to buy another 100,000 all set for tomorrows rise after todays mugging of the pi's!
IMHO the Rns is good, its just another boxed ticked with the fca, lending will start very soon imo.

[sbb1x] 19/10/2020 18:28

Been busy my old china

[cyberbub] 19/10/2020 17:20

It's a real shame that this thread has been taken over by 10-year-olds who still think it's big and clever to swear as often as possible, and for whom attacking strangers from behind made-up names is their idea of fun. Whatever floats your boat I suppose! - it just makes it harder to read the thread for decent posters (whether positive or negative) when 90% of posts are filtered. Still I expect that's their intention.