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Pin to quick picksAmigo Share News (AMGO)

Share Price Information for Amigo (AMGO)

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Share Price: 0.24
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Change: 0.00 (0.00%)
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SMALL-CAP WINNERS & LOSERS: Embattled Amigo hits 12-month low

Fri, 17th Mar 2023 10:30

(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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Highbridge Tactical Credit Fund Ltd, up 6.8% at 266.00 pence, 12-month range 216.00p-270.00p. The credit investment fund extends gains on Friday, after announcing Thursday it would delay its liquidation and remain listed until October. On Thursday, it also announced plans for a compulsory redemption of the majority of outstanding shares. The redemption is to be made at its most recently-published net asset value of GBP2.64 per share and it added that around 95% of shares will be redeemed.

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SMALL-CAP - LOSERS

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Amigo Holdings PLC, down 3.8% at 1.64p, 12-month range 1.48p-9.99p. The stock hits this 12-month low on Friday and is down 14% over the past week. Sentiment towards the shares has weakened since the consumer credit provider last week Friday said it did not receive sufficient investment interest to cover its equity capital requirement of GBP45 million.

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Esken Ltd, down 7.3% at 4.62p, 12-month range 4.41p-12.05p. The stock is on track for a seventh-successive daily fall. Shares have declined 24% since the start of March. In early March, it put its renewables division and aviation unit Southend Airport up for sale. The London-based firm, which announced a strategic review back in November, said a break-up will be the best way to secure the long-term potential of the units.

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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.

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23 Feb 2023 15:59

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Amigo makes progress under court-sanctioned scheme

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16 Feb 2023 13:27

IN BRIEF: Amigo Holdings announces meeting to discuss capital raise

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

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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.

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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.

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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.

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Amigo fails to get enough interest in capital raise

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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.

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