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Pin to quick picksAmigo Share News (AMGO)

Share Price Information for Amigo (AMGO)

London Stock Exchange
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Share Price: 0.265
Bid: 0.25
Ask: 0.28
Change: -0.013 (-4.91%)
Spread: 0.03 (12.00%)
Open: 0.265
High: 0.252
Low: 0.252
Prev. Close: 0.265
AMGO Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Amigo sinks as UK FCA expands probe

Tue, 16th Mar 2021 11:11

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

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SMALL-CAP - WINNERS

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ScS Group, up 5.8% at 245.50 pence, 12-month range 128p-248p. The upholstered furniture retailer posts strong interim performance driven by pent-up demand. For 26 weeks to January 23, revenue jumps 14% to GBP173.9 million from GBP152.0 million, and ScS swings to a pretax profit of GBP17.7 million from a loss of GBP600,000 in the prior year. Looking ahead, ScS says it remains cautiously optimistic as recent UK government announcements have provided clarity on the anticipated reopening of stores.

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STV Group, up 5.5% at 342.52p, 12-month range 210p-360.63p. The Glasgow-based television broadcaster resumes dividends alongside annual results. For 2020, revenue is GBP107.1 million, down 14% from GBP123.8 million in 2019 and pretax profit is GBP6.7 million, down 65% from GBP19.0 million. STV reinstates final dividend at 6p; 9p full-year payout, up 43% from 6.3p for 2019. STV says 2021 has started strongly, with STV channel viewing up 14% and STV Player viewing up 83%.

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Canadian Overseas Petroleum, up 4.3% at 0.37p, 12-month range 0.03p-25.8p. Says it has agreed all final terms with Atomic Oil & Gas in relation to Atomic's takeover by Canadian Overseas Petroleum, and the acquisition will complete after the market closes Tuesday.

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SMALL-CAP - LOSERS

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Amigo Holdings, down 14% at 11.81p, 12-month range 4.84p-35.59p. The guarantor loans provider says the UK Financial Conduct Authority has decided to extend the scope of its current probe so that it can investigate whether Amigo appropriately handled complaints after May 20 and whether Amigo deployed sufficient resources to address complaints in accordance with the voluntary requirement. The probe was first launched to investigate the Amigo creditworthiness assessment process and the governance and oversight of the process. The FCA investigation will consider whether complaints have been handled appropriately and whether customers have been treated fairly. Amigo says it will continue to cooperate fully with the FCA.

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Bakkavor Group, down 3.2% at 102p, 12-month range 48.5p-116.8p. The fresh prepared food provider posts drop in annual earnings as consumers worked from home during pandemic. For 2020, revenue falls 4.9% to GBP1.79 billion from GBP1.89 billion in 2019, and pretax profit is down to GBP44.2 million from GBP43.8 million. Says dividend payment will remain under review until trading improves. Looking ahead, says with lockdown restrictions in the UK continuing into spring, the short-term trading environment remains uncertain, but Bakkavor is encouraged by the way consumers have returned to its fresher, healthier, and more convenient foods each time restrictions have been lifted.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
9 Jun 2023 09:46

Amigo grants exclusivity agreement to shareholder

(Sharecast News) - Amigo Holdings has granted a shareholder an exclusivity agreement to pursue financing options for the troubled business, the mid-cost lender confirmed on Friday.

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9 Jun 2023 09:03

LONDON MARKET OPEN: Tepid trade ahead of central banks; Croda slumps

(Alliance News) - Stock prices in Europe opened mostly lower on Friday, failing to replicate a rally seen on Wall Street, where stocks were spurred on by a weak US jobless claims reading that reinforced expectations that the Federal Reserve will decide against an interest rate hike.

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16 May 2023 11:59

IN BRIEF: Amigo CEO has resigned as struggling lender winds down

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Chief Executive Officer Danny Malone resigns on Monday but will serve a six-month notice period. Back in March, Amigo announced a wind-down of the company, and subsidiary Amigo Loans Ltd stopped lending. Company anticipates wind-down will result in no value attributable to shareholders.

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16 May 2023 10:32

Amigo chief executive resigns

(Sharecast News) - The chief executive of Amigo Holdings has resigned, it was announced on Tuesday, as the mid-cost lender continued to be wound down.

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19 Apr 2023 12:15

LONDON MARKET MIDDAY: Stocks falter on US hike expectations and UK CPI

(Alliance News) - London's FTSE 100 traded lower on Wednesday at midday, hurt by a stubbornly high UK inflation reading and expectations for more interest rate hikes by both the Bank of England and the US Federal Reserve.

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19 Apr 2023 11:34

IN BRIEF: Amigo plunges as says no reason for recent share price surge

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Notes recent movement in its share price and confirms that "it knows of no reason for this increase." Amigo shells fell by 29% to 0.68 pence each in London on Wednesday. Over the past five business days, the stock has surged from 0.14 pence.

Read more
3 Apr 2023 14:27

IN BRIEF: Amigo says charges supporting loan notes have been satisfied

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Says four charges created between March 13, 2017 and May 17, 2019 to support the issue of the 7.625% senior secured loan notes have been satisfied. This follows the redemption of the outstanding GBP50 million of the loan notes.

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23 Mar 2023 11:20

Amigo Holdings subsidiary to stop lending immediately amid wind-down

(Alliance News) - Amigo Holdings PLC said on Thursday its trading subsidiary Amigo Loans Ltd will stop lending immediately and is shutting down.

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23 Mar 2023 09:50

SMALL-CAP WINNERS & LOSERS: Amigo shares plunge on wind-down decision

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

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23 Mar 2023 09:36

Amigo to be wound down

(Sharecast News) - Amigo Holdings is to be wound down, the embattled mid-cost lender confirmed on Thursday, after it failed to secure backing for a crucial capital raising.

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17 Mar 2023 10:30

SMALL-CAP WINNERS & LOSERS: Embattled Amigo hits 12-month low

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

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10 Mar 2023 08:49

Amigo unlikely to reach equity capital requirement by May 26 deadline

(Alliance News) - Amigo Holdings PLC on Friday said it has not received sufficient investment interest to cover its equity capital requirement of GBP45 million.

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8 Mar 2023 14:35

Amigo leaves loss-making Irish business; pauses guarantor loan offer

(Alliance News) - Amigo Holdings PLC on Wednesday said it remained confident in the long-term viability of the guarantor model as it announced a pause to its guarantor loan offer due to higher acquisition cost per loan, as it said it exited its Irish business in February.

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8 Mar 2023 08:40

Amigo warns of challenges as capital raise talks continue

(Sharecast News) - Subprime lender Amigo Holdings warned on Wednesday that while conversion rates were improving, challenges remain and its current run rate for monthly originations remained in excess of £1.0m.

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1 Mar 2023 15:57

UK shareholder meetings calendar - next 7 days

Thursday 2 March 
Aberforth Smaller Companies Trust PLCAGM
Chenavari Toro Income Fund LtdAGM
Schroder European Real Estate Investment Trust PLCAGM
Victorian Plumbing Group PLCAGM
Friday 3 March 
Devro PLCGM and Court Meeting acquisition of Devro PLC by Saria SE
Guild Esports PLCAGM
Monday 6 March 
Gfinity PLCGM re fundraising
Logistics Development Group PLCGM re capital reduction, change of investing policy and share buyback
Tuesday 7 March 
Blackrock Income & Growth Investment Trust PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Wednesday 8 March 
Amigo Holdings PLCGM re the company's capital position
boohoo Group PLCGM re adoption of the Growth Plan
Creo Medical Group PLCGM re open offer shares
Globalworth Real Estate Investments LtdEGM re grant options and script dividends
Jersey Electricity PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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