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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: 0.265

High: 0.265

Low: 0.265

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

More News

23 Feb 2023 15:59

Amigo lending pilot builds "momentum" but wait for fundraise continues

(Alliance News) - Amigo Holdings PLC on Thursday hailed recent progress at its pilot lending programme, and said talks with potential investors for a necessary fundraise are continuing.

23 Feb 2023 07:09

Amigo makes progress under court-sanctioned scheme

(Sharecast News) - Embattled cash lender Amigo Holdings reported a 66.1% reduction in its net loan book by the end of its third quarter on Thursday, to £61.2m, and a revenue reduction of 76.5% to £17.8m.

16 Feb 2023 13:27

IN BRIEF: Amigo Holdings announces meeting to discuss capital raise

Amigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Announces a general meeting will be held on March 8. Says the main items on the agenda will be the company's capital position and the steps taken, and being taken, to remedy it - namely the company's ongoing capital raise process. Notes it has a responsibility to switch to its fallback solution - a wind-down - if it does not expect to complete the capital raise by May 26.

16 Feb 2023 10:13

SMALL-CAP WINNERS & LOSERS: Kerry shares climb on profit, revenue jump

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

14 Feb 2023 16:56

LONDON MARKET CLOSE: FTSE 100 scores record high but US CPI sours mood

(Alliance News) - European stocks closed mixed on Tuesday, while equities in New York suffered a less-than-stellar morning, as the rate of inflation in the US cooled at a slower pace than expected last month.

14 Feb 2023 12:04

LONDON MARKET MIDDAY: FTSE 100 comes near 8,000 ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Tuesday, as investors' focus shifted from the latest UK labour market report to a key US consumer price index print.

14 Feb 2023 09:25

TOP NEWS: Amigo thanks the FCA after waiving a GBP72.9 million fine

(Alliance News) - Amigo Holdings PLC on Tuesday thanked the UK Financial Conduct Authority for publicly consuring Amigo Loans Ltd for failing to conduct adequate affordability checks on borrowers and guarantors.

14 Feb 2023 07:05

Amigo Loans 'publicly censured' for affordability check failings

(Sharecast News) - The Financial Conduct Authority (FCA) "publicly censured" Amigo Loans on Tuesday, in lieu of a fine, for failing to conduct adequate affordability checks on borrowers and guarantors.

27 Jan 2023 11:30

Amigo remains below targeted equity financing required by court

(Alliance News) - Amigo Holdings PLC on Friday said it remains below the targeted capital raise of GBP45 million in equity financing, as sanctioned by the High Court.

27 Jan 2023 07:51

Amigo fails to get enough interest in capital raise

(Sharecast News) - Amigo Holdings said on Friday that it has received a number of expressions of interest in its capital raise, but this remains below the guarantor lender's £45m target.

18 Jan 2023 19:03

TRADING UPDATES: Engage XR revenue up; Smartspace trades in-line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

18 Jan 2023 10:43

SMALL-CAP WINNERS & LOSERS: Just Eat up on swing to adjusted profit

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

16 Jan 2023 16:51

LONDON MARKET CLOSE: FTSE 100 extends win streak with record in sight

(Alliance News) - London's FTSE 100 edged closer to a record high on Monday, with housebuilders and retailers among the star performers at the start of the week.

16 Jan 2023 11:13

IN BRIEF: Amigo could wind down if does not find enough investment

Amigo Holdings PLC - Bournemouth-based guarantor loan provider - Notes that so far it has been unable to find a cornerstone investor for a fundraise to fund its scheme of arrangement, but says that some investors have expressed possible interest for a minority investment. "Amigo is therefore assessing whether there is sufficient interest for a syndicate of such investors to be formed in order to support a GBP45 million capital raise," the company says. Amigo says that if it cannot achieve the planned capital raise by May 26, it will wind-down the business. The scheme allows Amigo to pay compensation to customers with a claim for redress for mis-sold loans.

16 Jan 2023 10:05

SMALL-CAP WINNERS & LOSERS: Petra Diamonds hit by falling production

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

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SMALL-CAP WINNERS & LOSERS: Amigo jumps; Costain up after slump

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