The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAmigo Share News (AMGO)

Share Price Information for Amigo (AMGO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: UK FCA to oppose Amigo scheme's sanction

Tue, 11th May 2021 11:05

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

----------

SMALL-CAP - WINNERS

----------

AltynGold PLC, up 9.8% at 172.42 pence, 12-month range 93.73p-315.00p. Revenue for first quarter of 2021 more than doubles to USD10.1 million from USD4.6 million, driven by improved gold production and also by higher gold prices. "Production went up by almost 43% year-over-year and the quantity of contained gold increase more than by 70% year-over-year. The positive momentum in production growth and improving contained gold is expected to be increased over the coming quarters," company says.

----------

Air Partner PLC, up 8.9% at 84.9p, 12-month range 52.11p-103p. Reports 6.7% increase in revenue for financial year that ended January 31 to GBP71.2 million, while pretax profit soars to GBP8.4 million from just GBP936,000. Says start to new year is strong, with first quarter performance ahead of management expectations. Trading levels for second quarter also are expected to be ahead of initial plans, subject to government restrictions being lifted.

----------

SMALL-CAP - LOSERS

----------

Amigo Holdings PLC, down 21% at 23.35p, 12-month range 4.84p-30.3p. Guarantor loans provider says UK Financial Conduct Authority intends to appear at court sanction hearing through counsel to oppose sanction of company's scheme, even if approved by the requisite majority of the scheme creditors, on the basis that "the court cannot be satisfied that the scheme in its current form is fair." Amigo proposed the scheme for compensation claims in January after an FCA investigation into customer complaints about unaffordable loans, and company has previously warned that the failure of the scheme would result in company's insolvency. "The FCA's letter states that its concerns are in relation to scheme creditors' claims being significantly reduced whilst other stakeholders such as shareholders are not being asked to contribute, and the terms of the scheme arrangements do not arise out of negotiations with scheme creditors or any body representative of their interests," Amigo explains.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
22 Jun 2021 06:59

IN BRIEF: Provident amends scheme of arrangement after Amigo ruling

IN BRIEF: Provident amends scheme of arrangement after Amigo ruling

Read more
10 Jun 2021 11:44

Amigo continues to consider all options to settle compensation claims

Amigo continues to consider all options to settle compensation claims

Read more
10 Jun 2021 08:41

LONDON MARKET OPEN: Little risk appetite ahead of US CPI, ECB decision

LONDON MARKET OPEN: Little risk appetite ahead of US CPI, ECB decision

Read more
10 Jun 2021 08:01

Amigo still considering options, including insolvency

(Sharecast News) - Guarantor lender Amigo Holdings said on Thursday that it is still considering its options and could go bust after the High Court rejected a rescue plan last month that would have seen compensation payments for mis-selling capped.

Read more
10 Jun 2021 07:54

LONDON MARKET PRE-OPEN: Altice buys 12% stake in BT, no takeover plans

LONDON MARKET PRE-OPEN: Altice buys 12% stake in BT, no takeover plans

Read more
1 Jun 2021 17:04

LONDON MARKET CLOSE: FTSE 100 leaps into June as mining stocks rally

LONDON MARKET CLOSE: FTSE 100 leaps into June as mining stocks rally

Read more
1 Jun 2021 13:11

IN BRIEF: Amigo considering insolvency as won't appeal court defeat

IN BRIEF: Amigo considering insolvency as won't appeal court defeat

Read more
1 Jun 2021 10:55

SMALL-CAP WINNERS & LOSERS: Amigo falls as it faces insolvency

SMALL-CAP WINNERS & LOSERS: Amigo falls as it faces insolvency

Read more
1 Jun 2021 10:04

Amigo looking at new compensation scheme as it faces insolvency

(Sharecast News) - Amigo Holdings is facing insolvency after the High Court rejected a rescue plan by the guarantor lender that would have seen compensation payments for mis-selling capped.

Read more
26 May 2021 11:06

SMALL-CAP WINNERS & LOSERS: Spire shoots up on GBP1 billion takeover

SMALL-CAP WINNERS & LOSERS: Spire shoots up on GBP1 billion takeover

Read more
25 May 2021 13:38

UPDATE: UK regulator wants "better, fairer deal" for Amigo customers

UPDATE: UK regulator wants "better, fairer deal" for Amigo customers

Read more
25 May 2021 12:15

LONDON MARKET MIDDAY: FTSE 100 left behind as DAX 30 charges to record

LONDON MARKET MIDDAY: FTSE 100 left behind as DAX 30 charges to record

Read more
25 May 2021 11:21

TOP NEWS: Amigo's shares halve as claims scheme shot down by court

TOP NEWS: Amigo's shares halve as claims scheme shot down by court

Read more
25 May 2021 10:46

SMALL-CAP WINNERS & LOSERS: Bitcoin bounces; Amigo shares plummet

SMALL-CAP WINNERS & LOSERS: Bitcoin bounces; Amigo shares plummet

Read more
25 May 2021 08:51

LONDON MARKET OPEN: FTSE 100 restrained as pound rallies above USD1.42

LONDON MARKET OPEN: FTSE 100 restrained as pound rallies above USD1.42

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.