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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: 0.00 (0.00%)
Spread: 0.03 (12.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.265
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SMALL-CAP WINNERS & LOSERS: Amigo jumps; Costain up after slump

Fri, 09th Jun 2023 10:29

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

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SMALL-CAP - WINNERS

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Amigo Holdings PLC, more than doubled on day at 0.70 pence, 12-month range 0.14p-7.00p. Shares closed at 0.32p on Thursday. The company agrees to an exclusivity agreement with Michael Fleming to explore finding and completing a debt investment. The mid-cost credit provider notes Fleming is a financier and shareholder. The announcement comes after the company said that it had started an orderly solvent wind-down in March after an unsuccessful capital raise process. Amigo tempered expectations, however, cautioning that "there remain significant impediments to any new capital being made available to the business".

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Costain PLC, up 1.1% at 47.60 pence, 12-month range 32.10p-61.80p. The stock recovers a fraction of the 13% slump suffered on Thursday. The infrastructure construction firm on Thursday said it was removed from a UK infrastructure project. It agreed with National Highways that its involvement in the A66 Northern Trans-Pennine upgrade project "will come to an organised and managed end". "Costain is one of four parties involved in the A66 and this project was included in our preferred bidder book and therefore this decision has no impact on the group's order book," the company reassured investors on Thursday.

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SMALL-CAP - LOSERS

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DWF Group PLC, down 1.7% at 51.10p, 12-month range 51.10p-109.00p. The stock sets new 12-month low on Friday, and has failed to register a daily share price rise since last week Tuesday, when shares rose 2.9%. The losing streak the legal business has suffered came after it predicted annual revenue growth. It said last week that it expects to report net revenue of about GBP380 million for the financial year ended April 30, growth of around 8.5%. Shares are down 20% since May 30.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
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.

Read more
9 Jun 2023 09:03

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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