Amigo Share Discussion Threads

[grosstonnage] 31/10/2020 19:38

cash is king

[samsung2020] 31/10/2020 19:38

Looks like you were right Jibs, national lockdown confirmed, furlong extended until end of November... Be interesting to see impact on Amigo, if only they can just start relending i would expect incredible interest in getting these kind of loans, huge opportunity here....just start lending again!

[amaretto1] 31/10/2020 10:13

What u mean ??

[samsung2020] 31/10/2020 09:33

Morning chaps, PWC issued a decent paper about UK economy in September. Can't seem to copy link as it's a pdf attachment, if you Google : UK ECONOMY UPDATE COVID 19 (3)Super clear he demand on unsecured lending for banks which would be clear impacts on likes of Amigo....huge demand for lending more then ever....I've copied the paper, not sure how format will appear....SummaryThe UK was officially in a recession following two consecutive quarters of negative growth in 2020 Q1 and Q2. As global coronavirus (COVID-19) cases rose, social distancing measures were imposed in the UK, forcing the closure of shops, businesses and schools from the end of March until the beginning of July. The overall effect of the virus on the UK economy was to erase around a quarter of GDP in 2020 Q2. Early signs in Q3 pointed to a recovery, which accelerated in June, buoyed by the release in business and economic activity, partly supported by pent-up consumer demand and growing confidence from the drop-off in COVID-19 cases. This, combined with the additional economic policies announced in July (e.g. Eat Out to Help Out, the temporary cut in VAT for the hospitality and leisure sector), helped boost spending.There is still significant uncertainty over the pace and path of the recovery, especially in light of the growing number of cases which have led to another round of limited national restrictions, as well as the behaviour of the virus in the winter, degree of economic scarring and the outcome of the UK-EU trade negotiations.Under our 'contained spread' and 'further outbreak' scenarios, the expected contraction in GDP ranges from around -11% to -12% in 2020 before returning to growth of around 10% and 4% in 2021. Our expectation is that the UK economy would recover to the pre-lockdown levels by the end of 2021 under the 'contained spread' scenario, and in the middle of 2023 under the 'further outbreak' scenario.We anticipate that most sectors will return to growth in 2021, including hard-hit sectors such as retail and hospitality as they recover from a low base in 2020. There is some variation in the impact of the crisis across regions, with the impact on 2020 output to be relatively less disruptive in London. Regions in the north, which have seen targeted lockdown measures are more likely to experience bigger economic impacts.However, risks are clearly weighted to the downside in relation to both the length and depth of the COVID-19 impact and the possibility of no UK-EU FTA deal by the end of 2020, as well as wider global economic risks. We expect inflation to remain somewhat below target for the rest of 2020 in our main scenario, mainly due to the continued impact of energy prices, the temporary reduction in VAT as well as subdued wage growth. Inflation is then expected to pick up again in 2021 as these effects unwind. The reversal in spare capacity, and the rise in consumer demand as economic activity recovers and wage growth picks up again will feed through to an increase in domestic price pressures. Our public finance projections suggest a sharp increase in the 2020/21 budget deficit to about £380bn to £430bn, or around 19% to 22% of GDP. Into 2021/22, we expect much of this rise to reverse, with a smaller deficit of around 6% to 12% of GDP. The extent to which it improves will depend on whether any further fiscal stimulus measures are introduced to provide a boost to the economy. Under both scenarios, the deficit would still be above the 3% of GDP ceiling implied by current fiscal rules. Therefore, we expect some longer-term fiscal tightening will be needed after full recovery has been achieved.123456784

[kirk 6] 31/10/2020 09:24

The lockdown was talked about happening since Wednesday last week so shouldn't have much of a positive effect on Monday

[amaretto1] 31/10/2020 09:19

Against property owners ...Mum and dad !!

[amaretto1] 31/10/2020 09:18

Well it's priced to go bust as it is.I'm thinking more lending will be needed ....

[kirk 6] 31/10/2020 09:18

Greta news for amigo then. Amigo loans needs to capitalise on this! Perfect opportunities coming up if they start lending in November and December

[jibba jabber] 31/10/2020 09:01

Full lockdown coming next week.

[charle8888] 30/10/2020 21:51

Hod, jubba jabba is 1 of peaky pesky boys, talks sh1t

[hodhasharon] 30/10/2020 21:23

F##k off peaky nonse.

[brocksford] 30/10/2020 19:53

Milan

Sounds about right to me.

We will definately get at least one bad news RNS concerning the FCA

[samsung2020] 30/10/2020 19:37

Very possible but they remember also the recent VREQ would cover that element, for now they only need to general update. Half year results due by 26th November when I expect to analyse real data trends in year...

[milanr] 30/10/2020 19:22

In my opinion will be another extension as the dead line is not met. Far too many complains , I guess most of the customers are complaining, does not cost them anything. Of course that you complain does not mean that you are entitled to get anything back, it is just waste of time for Amigo, but they have to do it no choice. Another extension plus restart lending RNS, like this bad news is covered with a good . Any other suggestions ?

[samsung2020] 30/10/2020 18:46

Hey bud, was wondering not seen you on here for while, hope all ok...It's a interesting position. If the FCA had major issues on the compliance governance and complaint levels looked even worse I am sure they would have update Amigo by now and not waited until last minute, on that basis Amigo must release that information to the market immediately they cannot hold it. So on that logic I would only pressure no news is good news and we will get some decent news next week about lending starting in some form, positive new on complaint levels and soon after they are due to deliver half year results... Exciting few weeks ahead, key to keep cool and patient, wouldn't sell a penny less then 50p....

[milanr] 30/10/2020 18:41

No news, is it a good news or it is a bad news ?

[samsung2020] 30/10/2020 16:38

Well can safely say that was a very disappointing day of trading and the expected rns didn't land. Assume will be issued later or Monday. Checking out now for the weekend, over to the trolls no doubt will ruin the thread, should all be locked up! Have a good weekend, fun begins for November on Monday.Ciao,S

[charle8888] 30/10/2020 15:00

Jubba jubbas fool

[charle8888] 30/10/2020 14:52

Jubba jabbas some rubbish magic magic

[samsung2020] 30/10/2020 13:42

Hahaha would be funny, lol

[jusjusjus] 30/10/2020 13:41

let's have a 14:00 RNS instead!