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Share Price: 0.265

Bid: 0.25

Ask: 0.28

Change: 0.013 (5.16%)

Spread: 0.03 (12.00%)

Open: 0.265

High: 0.265

Low: 0.265

Prev. Close: 0.252

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SMALL-CAP WINNERS & LOSERS: Amigo gains on FCA reprieve, strong demand

Wed, 24th Mar 2021 10:53

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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Amigo Holdings, up 14% at 14.62 pence, 12-month range 4.84p-35.59p. The guarantor loans provider says the UK Financial Conduct Authority notified the company late Tuesday it has no current plans to take further regulatory action against Amigo's compensation scheme, but reserves the right to change its position. Amigo says it welcomes the move ahead of its court hearing next week. Looking ahead, Amigo is seeing significant pent-up demand for loans from those who are unable to easily get credit from mainstream finance.

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BMO Private Equity Trust, up 8.2% at 328.80p, 12-month range 219.04p-415.36p. The trust says portfolio firm Dotmatics agrees to sell its Insightful Science arm. The transaction is expected to complete early in the second quarter. BMO Private Equity Trust says deal values its holding at GBP37.7 million compared to GBP9.5 million at the last valuation.

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Bloomsbury Publishing, up 286p, 12-month range 182.75p-327p. The book publisher raised its profit expectations for the second time this year following an unexpected surge in demand for books in February. Points to exceptional February trading in the Consumer division, for both Adult and Children's publishing, with Sarah J Maas' new novel, 'A Court of Silver Flames', a global bestseller, achieving number one in both the New York Times and The Times bestseller lists.

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SMALL-CAP - LOSERS

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Pendragon, down 4.9% at 17.50p, 12-month range 5.02p-19.08p. The car dealer says it swung into an underlying profit in 2020, but remains cautious over its prospects. Posts 2020 revenue of GBP2.92 billion, down 35% from GBP4.51 billion in 2019, swings to GBP8.2 million 2020 underlying pretax profit from GBP16.4 loss in 2019. Looking ahead, it remains "cautious" about short-term economic outlook.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

More News

23 Feb 2023 15:59

Amigo lending pilot builds "momentum" but wait for fundraise continues

(Alliance News) - Amigo Holdings PLC on Thursday hailed recent progress at its pilot lending programme, and said talks with potential investors for a necessary fundraise are continuing.

23 Feb 2023 07:09

Amigo makes progress under court-sanctioned scheme

(Sharecast News) - Embattled cash lender Amigo Holdings reported a 66.1% reduction in its net loan book by the end of its third quarter on Thursday, to £61.2m, and a revenue reduction of 76.5% to £17.8m.

16 Feb 2023 13:27

IN BRIEF: Amigo Holdings announces meeting to discuss capital raise

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Announces a general meeting will be held on March 8. Says the main items on the agenda will be the company's capital position and the steps taken, and being taken, to remedy it - namely the company's ongoing capital raise process. Notes it has a responsibility to switch to its fallback solution - a wind-down - if it does not expect to complete the capital raise by May 26.

16 Feb 2023 10:13

SMALL-CAP WINNERS & LOSERS: Kerry shares climb on profit, revenue jump

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

14 Feb 2023 16:56

LONDON MARKET CLOSE: FTSE 100 scores record high but US CPI sours mood

(Alliance News) - European stocks closed mixed on Tuesday, while equities in New York suffered a less-than-stellar morning, as the rate of inflation in the US cooled at a slower pace than expected last month.

14 Feb 2023 12:04

LONDON MARKET MIDDAY: FTSE 100 comes near 8,000 ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Tuesday, as investors' focus shifted from the latest UK labour market report to a key US consumer price index print.

14 Feb 2023 09:25

TOP NEWS: Amigo thanks the FCA after waiving a GBP72.9 million fine

(Alliance News) - Amigo Holdings PLC on Tuesday thanked the UK Financial Conduct Authority for publicly consuring Amigo Loans Ltd for failing to conduct adequate affordability checks on borrowers and guarantors.

14 Feb 2023 07:05

Amigo Loans 'publicly censured' for affordability check failings

(Sharecast News) - The Financial Conduct Authority (FCA) "publicly censured" Amigo Loans on Tuesday, in lieu of a fine, for failing to conduct adequate affordability checks on borrowers and guarantors.

27 Jan 2023 11:30

Amigo remains below targeted equity financing required by court

(Alliance News) - Amigo Holdings PLC on Friday said it remains below the targeted capital raise of GBP45 million in equity financing, as sanctioned by the High Court.

27 Jan 2023 07:51

Amigo fails to get enough interest in capital raise

(Sharecast News) - Amigo Holdings said on Friday that it has received a number of expressions of interest in its capital raise, but this remains below the guarantor lender's £45m target.

18 Jan 2023 19:03

TRADING UPDATES: Engage XR revenue up; Smartspace trades in-line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

18 Jan 2023 10:43

SMALL-CAP WINNERS & LOSERS: Just Eat up on swing to adjusted profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

16 Jan 2023 16:51

LONDON MARKET CLOSE: FTSE 100 extends win streak with record in sight

(Alliance News) - London's FTSE 100 edged closer to a record high on Monday, with housebuilders and retailers among the star performers at the start of the week.

16 Jan 2023 11:13

IN BRIEF: Amigo could wind down if does not find enough investment

Amigo Holdings PLC - Bournemouth-based guarantor loan provider - Notes that so far it has been unable to find a cornerstone investor for a fundraise to fund its scheme of arrangement, but says that some investors have expressed possible interest for a minority investment. "Amigo is therefore assessing whether there is sufficient interest for a syndicate of such investors to be formed in order to support a GBP45 million capital raise," the company says. Amigo says that if it cannot achieve the planned capital raise by May 26, it will wind-down the business. The scheme allows Amigo to pay compensation to customers with a claim for redress for mis-sold loans.

16 Jan 2023 10:05

SMALL-CAP WINNERS & LOSERS: Petra Diamonds hit by falling production

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP WINNERS & LOSERS: Amigo gains on FCA reprieve, strong demand

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