Amigo

Big_Kev2019

Has anyone on here bought shares in Amigo (AMGO) with the sudden drop? Reckon they'll be on the up real soon.

masonic

Sorry, no greater fools here.

:spam:

DoctorStrange

Why the optimism?

I'd be worried bad debt provisions will increase and they'll struggle for the next few years at least

Malthusian

They're boned. Guarantor loans are a scam and the FCA has finally woken up, which means they're going the same way as Wonga. That doesn't mean they can't get pumped and dumped on the way down, but a company providing mayfly insurance has better long-term prospects.

seacaitch

14 MONTHS AGO: The ducks were quacking and the insiders cashed out.

"Mission Accomplished"

JUNE 29, 2018

LONDON (Reuters) - British sub-prime lender Amigo Holdings (AMGO.L) listed on the London stock market on Friday in a flotation that valued the business at 1.3 billion pounds ($1.7 billion) and raised almost 330 million pounds for its founder and other managers.

...

Founder James Benamor formed the company in 2005, six years after setting up his first loans brokerage business Richmond Group at the age of only 21.

The entrepreneur, who once appeared on British television show “The Secret Millionaire”, stepped down as CEO of Amigo in 2015 and Richmond is now a holding company for his investments.

Friday’s share sale raised 326.8 million pounds to be split between Richmond and Amigo directors, managers and employees.

TODAY: "Bag-holders Required. Apply Within"

adonis10

seacaitch wrote: »

14 MONTHS AGO: The ducks were quacking and the insiders cashed out.

"Mission Accomplished"




TODAY: "Bag-holders Required. Apply Within"

Do explain more, I’m intrigued as to what you mean here.

DrSyn

Big_Kev2019 wrote: »

Has anyone on here bought shares in Amigo (AMGO) with the sudden drop? Reckon they'll be on the up real soon.

So what make you so certain, inside information or a feeling in your water?

I understand they are doing a piece on them in Wednesday's BBC's consumer program "You and Yours".