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Pin to quick picksAmigo Share News (AMGO)

Share Price Information for Amigo (AMGO)

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Share Price: 0.24
Bid: 0.23
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.02 (8.696%)
Open: 0.24
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Low: 0.24
Prev. Close: 0.24
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SMALL-CAP WINNERS & LOSERS: Amigo sinks as presents rescue proposal

Mon, 06th Dec 2021 10:49

(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

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Hollywood Bowl Group PLC, up 1.9% at 221.70 pence, 12-month range 175.52p-263.50p. Peel Hunt upgrades the tenpin bowling centre operator to Buy from Add.

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AG Barr PLC, up 1.3% at 526.56p, 12-month range 462.50p-590.00p. The soft drinks maker buys an initial 60% stake in Moma Foods, with an agreed path to full ownership within the next three years. Does not disclose the financial terms of the deal which has given it a majority stake in the London-based porridge and plant-based milk business. Moma Foods was founded in 2006 and now claims to be the UK's third largest oat milk brand.

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SMALL-CAP - LOSERS

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Amigo Holdings PLC, down 14% at 6.64p, 12-month range 5.26p-30.30p. The guarantor loans provider says independent customer committee supports "new business" scheme of arrangement, which had two options. The first is dependent on the restart of lending operations as well as securing money through an equity raise, and the second through a managed wind-down of its guarantor loans business. Amigo would contribute GBP97 million in cash, alongside GBP15 million from equity raise. Amigo intends to ask creditors to vote on both options and then submit them to court for sanction. "The ICC has now confirmed its preference for the New Business Scheme. The ICC shares the board's view that the new business scheme will provide creditors with greater returns than the wind-down scheme," the company says.

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Argo Blockchain PLC, down 8.3% at 112.84p, 12-month range 9.60p-339.81p. The cryptocurrency miner was tracking the price of bitcoin lower. The world's oldest cryptocurrency was priced at USD47,619.60 on Monday morning, down sharply from USD56,521.10 at the same time on Friday. "Bitcoin took a hammering over the weekend as the big liquidity squeeze saw a major flush out of leveraged positions. Prices currently trade under USD50k, with a low at USD43k plumbed at one point as the market cratered by 20%," comments Markets.com analyst Neil Wilson.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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(Sharecast News) - Amigo shares tanked on Monday after the guarantor lender said it had failed to secure a commitment from a cornerstone investor to underwrite the whole of its £45m capital raise and that it is now looking for a syndicate of investors.

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29 Nov 2022 13:29

Amigo swings to big loss; faces 25% more redress claims than expected

(Alliance News) - Amigo Holdings PLC on Tuesday reported that it had swung to a loss alongside reporting that the number of redress claims is about 25% more than anticipated.

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14 Oct 2022 10:16

SMALL-CAP WINNERS & LOSERS: Amigo to lend again; Premier Miton falls

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

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14 Oct 2022 08:39

Amigo to resume lending, shares soar

(Sharecast News) - Shares in Amigo Holdings soared early on Friday after the regulator gave the embattled firm the green light to resume lending.

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

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28 Sep 2022 10:54

SMALL-CAP WINNERS & LOSERS: Amigo up as eyes lending; Saga falls again

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

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28 Sep 2022 10:00

Amigo Holdings plans GBP40 million capital raise under redress scheme

(Alliance News) - Amigo Holdings PLC on Wednesday said it was proposing a capital raise of GBP40 million as it finalising planning for a pilot scheme that could see it return to lending.

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LONDON BRIEFING: boohoo cuts outlook; Burberry creative chief departs

(Alliance News) - European energy market worry, UK fiscal policy concern, and interest rate hike and inflation fear were piling up on markets on Wednesday morning.

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28 Sep 2022 07:31

Amigo unveils £40m capital raise

(Sharecast News) - Amigo Holdings outlined plans to raise £40m on Wednesday, as the embattled firm looked to resume lending.

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23 Sep 2022 08:48

Amigo promotes finance chief Malone to CEO as Jennison steps down

(Alliance News) - Amigo Holdings PLC on Friday promoted Chief Financial Officer Danny Malone to chief executive, as incumbent Gary Jennison steps down.

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Amigo Holdings CEO stands down

(Sharecast News) - Credit provider Amigo Holdings revealed on Friday that chief executive Gary Jennison will stand down from the role and be released by chief financial officer Danny Malone.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Aug 2022 12:36

Amigo planning to start lending again by February 2023

(Sharecast News) - Guarantor lender Amigo Holdings reported a slump in first-quarter customer numbers, revenue and profit, having been unable to lend since November 2020 after it was hit by mis-selling claims.

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