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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.

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Amigo loan book shrinks but looks to "new start" as FCA talks continue

(Alliance News) - Amigo Holdings PLC on Thursday reported a further shrinking of its loan book but said it continues to "engage positively" with the UK Financial Conduct Authority over its lending restart.

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Friday 19 August 
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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20 Jul 2022 12:19

LONDON MARKET MIDDAY: Stocks slide on EU energy supply worries

(Alliance News) - Blue-chip European equities dramatically gave up morning gains by Wednesday afternoon, as an EU energy crisis loomed, grabbing more market attention as the session progressed.

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8 Jul 2022 09:37

Collections 'robust' at Amigo

(Sharecast News) - Amigo Holdings said collections were "robust" last year, as the troubled firm continued to work with the regulator about a return to lending.

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8 Jul 2022 09:09

Amigo looks ahead after scheme sanction but warns "hurdles remain"

(Alliance News) - Amigo Holdings on Friday saw revenue almost halve in its recently ended financial year as it awaits for UK Financial Conduct Authority's green light to restart lending.

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8 Jul 2022 08:18

LONDON BRIEFING: Amigo hails "turning point" as annual revenue halves

(Alliance News) - Embattled lender Amigo Holdings on Friday said it has "learnt the lessons of the past" as it saw revenue almost halve in its recently ended financial year.

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28 Jun 2022 12:54

Amigo Holdings outlines new lending proposition

(Sharecast News) - Amigo Holdings outlined details on Tuesday of a new lending proposition it plans to bring to market, subject to consent from the Financial Conduct Authority to begin lending again.

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28 Jun 2022 10:33

SMALL-CAP WINNERS & LOSERS: Amigo rises on plans to resume lending

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

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28 Jun 2022 09:58

Amigo sets out plans to resume lending under new RewardRate brand

(Alliance News) - Amigo Holdings PLC on Tuesday laid out plans to finally resume new lending, after a hiatus of about two years, though under a new brand name.

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6 Jun 2022 18:05

IN BRIEF: Amigo Holdings makes interim CFO Danny Malone permanent

Amigo Holdings PLC - Bournemouth, England-based guarantor loan provider - Appoints Danny Malone as chief financial officer and executive director. He has been acting as interim CFO since February. Company also appoints Non-Executive Director Maria Darby-Walker to senior independent director.

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24 May 2022 12:49

Amigo shares jump 18% after UK high court approves redress scheme

(Alliance News) - Shares in Amigo Holdings PLC rose on Tuesday after the company's plan for customer redress got court approval and a one-day suspension of trading was lifted.

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23 May 2022 11:27

IN BRIEF: Amigo asks for shares to be suspended during court hearing

Amigo Holdings PLC - Bournemouth, England-based guarantor loan provider - Requests suspension of trading in its shares on the London Main Market to prevent "asymmetric information" entering the market during the court hearing on Monday and Tuesday for its proposed scheme of arrangement. The scheme is to settle customer claims following probes from UK regulators into mis-sold loans. At a meeting earlier this month, 88% of Amigo creditors approved the scheme, though 83% also approved a back-up scheme to wind down the company.

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13 May 2022 10:54

SMALL-CAP WINNERS & LOSERS: Amigo gets approval; TT revenue strong

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Amigo's new business scheme heads to court after creditor approval

(Alliance News) - Embattled lender Amigo Holdings PLC on Friday said its creditors have voted to push forward with its new business scheme.

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