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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%)
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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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