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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 Holdings warns of insolvency if court rejects new business programme

(Sharecast News) - Guarantor loans provider Amigo Holdings warned on Monday that if it fails to receive court approval for its new business programme, Amigo Loans will be forced to enter into a wind-down programme or insolvency.

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4 Jan 2022 10:13

Amigo confirms early redemption of outstanding notes due 2024

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Amigo confirms early part-redemption of outstanding senior bonds

(Sharecast News) - Guarantor lender Amigo confirmed the early redemption of £184.1m of the £234.1m outstanding 7.625% senior secured notes due in 2024 on Tuesday, at par.

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Amigo issues letter to customers in "vital" step to claims resolution

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Amigo issues letter as it progresses creditor schemes

(Sharecast News) - Amigo Holdings updated the market on its proposed scheme to resume trading on Monday, reporting that ALL Scheme - the wholly-owned subsidiary incorporated for applying for a scheme of arrangement under the Companies Act - was today issuing the Practice Statement Letter to current and former customers of Amigo Loans, and to the Financial Ombudsman.

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Amigo shares sink as it confirms 'new business' scheme of arrangement

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SMALL-CAP WINNERS & LOSERS: Amigo sinks as presents rescue proposal

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