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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: 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.

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SMALL-CAP - WINNERS

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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.

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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.

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SMALL-CAP - LOSERS

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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.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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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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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.

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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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