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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
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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
16 Jan 2023 08:30

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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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28 Sep 2022 07:50

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(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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23 Sep 2022 08:28

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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21 Sep 2022 15:57

UK shareholder meetings calendar - next 7 days

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Worsley Investors LtdAGM
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Biffa PLCAGM
Bradda Head Lithium LtdAGM
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In The Style Group PLCAGM
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Knights Group Holdings PLCAGM
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Spectral MD Holdings LtdAGM
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Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
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Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
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Kainos Group PLCAGM
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Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
  
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.

Read more

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