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I did warn you all. AMGO should now be priced for bankruptcy.
No need to push NSF, update this week.
Fingers crossed
Seamus, you can now buy AGFX for 100p, highly recommend it.
Vreqs gonna be missed and extended to Jan 31st. The complaints are stacking up, FCA to take firmer action. Possible liquidation?
Got a feeling vreqs going to be missed, pushed back to January 31st.
Tense times.
Jimzi, do you know the size of that particular transaction and the price executed?
Guys, you all know me as a decent charitable guy, and seeing as though we all have such a good rapport, I'm gonna point you in the direction of AGFX. There's an opportunity to add a top quality company to your portfolio at a super cheap price there.
You can thank me later. Woof Woof.
Guys, you all know me as a decent charitable guy, and seeing as though we all have such a good rapport, I'm gonna point you in the direction of AGFX. There's an opportunity to add a top quality company to your portfolio at a super cheap price there.
You can thank me later. Woof Woof.
That's providing Alchemy haven't found a buyer in the next few months of course (nailed on NSF will be bought by someone, James Benamor?)
AMGO stopped lending because they need to conserve cash as they know their complaints will cost them big time (some say as much as £300m). Will AMGO ever lend again? I'm not so sure, unlike NSF, who are flying.
There won't be an equity raise until the FCA report is made public. That report is not due until next year.
Guys I don't think we should get to carried away just yet, the overhang from JBs holding is MASSIVE, probably take a good 12 months to clear (if the company's still here in 13 months of course). The selling will continue tomorrow.
Anyway, goodnight guys, have sweet dreams.
Oh dear, drove past AMGO HQ earlier and saw Gary sitting outside at the bus stop, he did not look happy. Had his tie off and was swiging something from a brown paper bag. Im pretty sure he had been crying........this is what happens when you spend to much time in the complaints department guys. Very sad.
Fatbloke go have look at Amigos Facebook page. I've never known a company more hated than AMGO, not just by its own customers but by its own regulator too.
Well said Warnz. AMGO are doomed. Those guys over at AMGO are gamblers.
Have you seen the comments about AMGO on Facebook? Awful stuff. It looks like the FOS are encouraging everyone and their mother to make a claim. And it looks like every claim that goes in is successful.
The writings on the wall guys.
Yeah the sp here is defo going south. Let's see if we can get the Ask down to 4.5p guys.
Nsf have been lending for months. AMGO may never lend again.
1+1=2
Amigo have £300m worth of complaints to pay out in the next 6 months. They will go bust. NSF will purchase the Amigo brand name off the administrators this time next year.
I don't think Gary fully understands the complaints situation. Amigos fate is out of his hands.
Q, why did GC randomly quit?
A, he realised the company would only survive if it took legal action against the FOS