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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: 0.01 (4.00%)
Spread: 0.03 (12.00%)
Open: 0.265
High: 0.26
Low: 0.26
Prev. Close: 0.25
AMGO Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Hunting surges as loss narrows, ups payout

Thu, 25th Aug 2022 11:03

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

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SMALL-CAP - WINNERS

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Hunting PLC, up 17% at 265.51 pence, 12-month range 142.80p-356.50p. The energy services provider says its half-year loss vastly narrowed against a buoyant industry backdrop. The London-based firm posted a narrowed pretax loss in the half-year to June 30 of USD500,000, slimmed from USD28.6 million a year prior. Further, it turned to an operating profit of USD1.7 million from a loss of USD26.5 million. Revenue surged 38% to USD336.1 million from USD244.4 million, the firm said. The company declared an interim dividend of 4.5p, up 13% from 4.0p a year ago.

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PureTech Health PLC, up 1.2% at 251.00p, 12-month range 145.80p-410.66p. The clinical-stage biotherapeutics firm says retax loss in the first half 2022 narrows to USD56.0 million from USD94.9 million a year before. This is due to a USD28.4 million gain on the dilution of its equity interest in Gelesis Inc. Revenue grows 21% to USD7.0 million from USD5.8 million. Attributes this to increased grant revenue from the Vedanta CARB-X and BARDA grant, as well as Alivio and PureTech LYT Inc.

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SMALL-CAP - LOSERS

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Amigo Holdings PLC, down 18% at 4.52p, 12-month range 1.63p-15.00p. The guarantor loans provider reports a further shrinking of its loan book. Amigo's net loan book stood at GBP105.9 million at June 30, down 63% from GBP288.7 million a year before. At March 31, 2022, the loan book stood at GBP138.0 million. Revenue tumbled 68% to GBP10.4 million in the three months to June from GBP32.5 million a year before, and pretax profit reduced 85% to GBP2.2 million from GBP15.0 million. This was all due to Amigo's continued pause in lending, which resulted in a 48% decline in customers to 61,000.

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Macfarlane Group PLC, down 4.4% at 109.00p, 12-month range 106.41p-146.00p. The packaging and label maker posts higher interim profit, but cautioned about a challenging environment regarding its outlook. Pretax profit in the six months to June 30 grew 3% to GBP8.9 million from GBP8.6 million a year prior. Revenue climbed 14% to GBP139.2 million from GBP122.1 million, which however was partly offset by widening costs. While expectations for 2022 remained unchanged, Macfarlane cautioned that it continues to experience a challenging environment on slower demand from e-commerce customers and due to rising operating costs caused by inflation.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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28 Jan 2022 14:04

IN BRIEF: Amigo Holdings appoints interim chief financial officer

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28 Jan 2022 08:29

Amigo appoints Danny Malone as interim CFO

(Sharecast News) - Beleaguered guarantor lender Amigo Holdings has appointed Danny Malone as it interim chief financial officer, subject to FCA approval, following the departure of Mike Corcoran.

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SMALL-CAP WINNERS & LOSERS: Amigo sinks after CFO steps down

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25 Jan 2022 09:54

Amigo shares tank again as CFO steps down

(Sharecast News) - Amigo Holdings shares tumbled again on Tuesday after the guarantor lender announced the departure of chief financial officer Mike Corcoran.

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24 Jan 2022 20:15

IN BRIEF: Amigo CFO Mike Corcoran resigns with immediate effect

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LONDON MARKET CLOSE: Ukraine worries compound selling ahead of Fed

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24 Jan 2022 15:20

Amigo seeks backing for scheme, rights issue amid insolvency warning

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24 Jan 2022 08:51

Amigo Holdings warns of insolvency if court rejects new business programme

(Sharecast News) - Guarantor loans provider Amigo Holdings warned on Monday that if it fails to receive court approval for its new business programme, Amigo Loans will be forced to enter into a wind-down programme or insolvency.

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4 Jan 2022 10:13

Amigo confirms early redemption of outstanding notes due 2024

Amigo confirms early redemption of outstanding notes due 2024

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4 Jan 2022 07:37

Amigo confirms early part-redemption of outstanding senior bonds

(Sharecast News) - Guarantor lender Amigo confirmed the early redemption of £184.1m of the £234.1m outstanding 7.625% senior secured notes due in 2024 on Tuesday, at par.

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13 Dec 2021 11:50

Amigo issues letter to customers in "vital" step to claims resolution

Amigo issues letter to customers in "vital" step to claims resolution

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13 Dec 2021 10:12

Amigo issues letter as it progresses creditor schemes

(Sharecast News) - Amigo Holdings updated the market on its proposed scheme to resume trading on Monday, reporting that ALL Scheme - the wholly-owned subsidiary incorporated for applying for a scheme of arrangement under the Companies Act - was today issuing the Practice Statement Letter to current and former customers of Amigo Loans, and to the Financial Ombudsman.

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6 Dec 2021 15:47

Amigo shares sink as it confirms 'new business' scheme of arrangement

Amigo shares sink as it confirms 'new business' scheme of arrangement

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6 Dec 2021 10:49

SMALL-CAP WINNERS & LOSERS: Amigo sinks as presents rescue proposal

SMALL-CAP WINNERS & LOSERS: Amigo sinks as presents rescue proposal

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