Amigo Share Discussion Threads

[dunnomuch] 28/3/2021 11:11

Morning Amigos.Thought Gary did well.Main point for me was Sara the Camel Lady blaming the FCA more than Amigo. So ,human nature being what it is,FCA staff will surely not appreciate her stance.

[gripfit] 28/3/2021 09:58

The one I just listened to ,, the host was a women ?

[samsung2020] 28/3/2021 09:32

Yep, would help if the host understood the subject better, he clearly didnt understand what Amigo really does or the market place.

[djstevens8614] 28/3/2021 08:46

He's certainly passionate! Host was very doubtful though.

[samsung2020] 27/3/2021 20:24

Gary Interview starts from 27th min.... enjoyhttps://www.bbc.co.uk/sounds/play/m000tmb4

[marmar80] 27/3/2021 10:38

I appreciate your honest opinion guys.

[samsung2020] 27/3/2021 09:58

Hey Marmar, it's interesting share for sure. As a starter for ten, my current view aligns with Leon. It's one I have looked at many times but have never invested. The last proper look I had was at 2p ish late Jan and in hindsight (if only) should have invested considering the spike to 8p recently. In my mind it has some potential but I feel is also super high risk. It's one that I would class as a short term trade, in and out quickly making a quick 20% etc. The info you provided below is very useful, I'll be keeping eyes on it, on my watch list for sure.Would always advise minimal capital risk on stocks like NSF, trade chunks at profits etc....Good luck on it mate, you know what your doing....

[leoneobull] 27/3/2021 09:37

Thanks karma, I'm watching. If amgo spikes may have a bite of NSF. good luck!

[marmar80] 27/3/2021 08:03

Thanks Leoneobull. Definitely the safest way is to just wait but things can easily get hotter as with Amigo are now. Also the safest way is to wait with Amigo, but despite of the risk we are all in, aren't we? ;) There are only 50% of NSF shares available to buy, rest of them are in hands of two big Funds and Neil Utley. Non Standard does not have any Scheme of Arrangements and unless FCA changes their mind, there should not be any. FCA should decide, anytime now, if the calculated redress 15.8m is correct. Equity raising will take place after FCA response and after full year results, so it still can happen at different share price than is now. Approx only 100-150m shares are available so it will be moving fast after FCA decision (one way or another, but for the optimists like me the only way is up ;-). There are 140 branches and approx 900 staff which makes company with mcap GBP18m very cheap. Non Standard has GBP78m cash, 300m loan book, 45m Revolving facility, 285m term debt maturing in Aug 2023 and blocked access to 200m funding available until 2026. Blocked because they don't know yet regarding the redress amount. Equity raising will unlock the 200m which I think will be used to repay the big chunk of the term debt. Hard to say how much they will need to raise tbh but believe the fundraising will be in a form of rights issue as the main shareholder cannot risk losing their 29.9% position. An open offer would allow other fund like JPMorgan to take a big chunk and make their plan to takeover the company way more difficult (I think this is their plan). I bought them back just at nominal 5p (today 6p). Wish there is some TR1 in the coming days which would make things looking more rosy than now. Bit quiet there on the NSF board and posting doesn't make sense when only 2-3 people respond, so feel free to join with your opinion. Also if you see that I'm making a BIG MISTAKE, please let me know.

[leoneobull] 27/3/2021 06:11

Marmar, I can see attractive mkt cap and recovery prospects but I wouldn't touch NSF until one knows the equity raising price....unless you have a good justification? Could be a good investment in due course, but I wouldn't want to see share price tank on dilution

[marmar80] 26/3/2021 23:24

Lads, while here is all about waiting for the court to decide about Amigo's Scheme of things try this weekend to dig into my NSF to check about their chances to recover from troubles. Not many of you posting there, but it is also an interesting recovery case. The BB is so boring without u there:-////

[gripfit] 26/3/2021 20:31

i hold more

[spirito] 26/3/2021 20:19

small though

[djstevens8614] 26/3/2021 16:51

How come the offer is lower than the actual price!?

[djstevens8614] 26/3/2021 16:50

Tidy finish if unspectacular.

[samsung2020] 26/3/2021 16:49

Ha, got it spot on...called a 15.50 finish earlier....:)

[amigotoidie] 26/3/2021 16:41

where that comefrom

[7rademark] 26/3/2021 16:37

Great finish

[samsung2020] 26/3/2021 16:07

Very surprised by volumes and hasn't got going today...

[amigotoidie] 26/3/2021 15:57

normally have a good ending friday afternoon have a good weekend all next week we hit 19

[prof_peaky] 26/3/2021 15:56

Where the F is the F In SPIKE

[jarvis4] 26/3/2021 15:53

Do we know whether any large outfits have bought out creditors rights of action or whether there is any way that one entity can vote on behalf of a large number of creditors? If there is then that would lower the 75% bar somewhat.