Morses Club Share Discussion Threads

[petrencf] 28/3/2021 19:35

Assumption is not certainty. Mcl is a great business, they were profitable and paid dividend even during covid. They will reach previous highs in two years imo. This price is a bargain.

[professor_az] 28/3/2021 19:34

Tbh Ron is talking fine and real.

[ronwilkes123] 28/3/2021 19:27

Probs not on a risk basis I'm just trying to recover my loss here. The assumption is after last week amigo has been derisked hasn't it

[petrencf] 28/3/2021 19:18

You are a funny guy, Ron. You told us you sold out all your shares of Mcl, because you would not take any risk with a small child. Fair enough. But after that you were talking about shorting Mcl next week and praising Amgo which company can easily go bust even if JPM on board. Would you take a risk with them?

[ronwilkes123] 28/3/2021 18:50

Maybe do you research ?Worst investors hang on when they are losing

[currencytrader1] 28/3/2021 18:36

Morses offer subprime finance.
Its the same as going to the bank for a loan, but they will take you if the bank says know.
They charge a higher rate to cover their additional risk.
The company's that are investigated are totally different.
Maybe do you research properly?

[ronwilkes123] 28/3/2021 17:19

All non standard finance though

[bostik17] 28/3/2021 17:14

No it isn’t. NSF has a guarantor business called George Banco and that is in a similar poor state with the regulator all over it. MCL doesn’t have a guarantor business so the only comparison is they lend money but to very different people.

[ronwilkes123] 28/3/2021 17:06

It's not any share it's a direct competitor

[bostik17] 28/3/2021 17:05

Could be worth zero on Thursday. Might have gone down recently but I don’t see that happening for MCL. I also agree why are people talking up another share on a chat room for MCL

[ronwilkes123] 28/3/2021 16:22

Amigo is winning atm All shares are a coin tossBe remiss to think it isn't

[currencytrader1] 28/3/2021 16:16

Also makes you wonder why posters are spending their Sunday talking up amigo on a morses board...?
Desperation and like Yump says, lack of knowledge?

[currencytrader1] 28/3/2021 16:11

Putting you money in amigo is like flipping a coin, rather than betting on strong fundermentals and a working business strategy.
The amigo bunch are a very hostile lot, as its a very pressured and stressful game.
Good luck to them.

[ronwilkes123] 28/3/2021 16:11

Isn't the market cap a company's value Hence amigo is worth more than morsesClear as Crystal

[yump] 28/3/2021 15:58

Comical posts from people here who haven’t a clue.

The market cap has nothing to do with anything on its own.

If some penny punter amateurs want to bottom pick amgo then good luck.

Amgo has twice the turnover of mcl. But that has nothing to do with market cap. Or does it ? Or does the number of shares ?

Its so confusing isn’t it ?

Amgo dropped to 1/10th of its value - why do you think that was ?

I reckon you’re just here to wind people up. Either that or you enjoy looking stupid in public.

[bostik17] 28/3/2021 15:49

Go back to the CFO bought recently before the closed period started. Doesn’t that say it all. I also went further back and had forgotten that the COO bought 100k just before Christmas. That’s the person driving the digital business. Look at his background that should tell you a lot

[ronwilkes123] 28/3/2021 15:44

Better bet in terms of the markets view

[ronwilkes123] 28/3/2021 15:31

If only morses would stop its drip drip drops the topic could turn from amigoThough morses has a lower market cap at the min to amigoThis must be remembered amigo is the better bet at the min

[smithie6] 28/3/2021 15:17

Prof Peaky
whether Amigo, PFG stopped new lending themselves or the FCA told them that they would order them to stop if they didn't do it themselves

....is perhaps a small difference

imo the FCA rules do not allow any authorised financial company in the UK to do new business if there is solid doubt about whether such company is an 'ongoing concern'
& if there is doubt the FCA can ask any authorised UK financial co. to convince the FCA wrt this.

------

if my memory is correct any co. that is not an on-going concern or there is major concern about its financial situation probably has its shares instantly suspended from trading.
Could Amigo, PFG shares be suspended until after their schemes are voted on ?
...hasn't happened so far.

[samsung2020] 28/3/2021 15:14

I dont expect Amigo to restart lending until July

[smithie6] 28/3/2021 15:07

Prof Peaky
"Amigo has stopped new lending themselves"

so, you are agreeing that my posts today are/were 99.999% correct ?

(good news for Morse
just need a new RNS from Morse

' due to Amigo & Prov. Fin. having stopped lending Morse has seen an uplift in enquiries & lending
& hence expects to produce an improvement in lending & profit in H1 versus H1 of 2020 & H2 of 2021. It is currently too early to quantify the exact increase in performance & an update will be provided close to the end of H1 2021'.

[smithie6] 28/3/2021 15:01

no, I'm talking from experience

I was/am an investor in lse:STM & they had problems with the regulator about 3 years ago, which caused a fair amount of hassle to the company, and a lengthy review process & some extra staff being taken on to improve the risk & compliance functions, reducing the profit margin.

It's pretty obvious, if you have the regulator inspecting your financial company it will keep the directors & managers busy & damage your profits. Not rocket science.

[prof_peaky] 28/3/2021 14:58

Wrong. Amigo has stopped new lending themselves and NOT stopped by FCA. You should go and recheck that pal

[scubadiverr] 28/3/2021 14:49

So you're the WUM?