100% win win for amigo12 May 2021 08:42
May 11, 2021, 4:18 PM
(Updates share price, adds Goodbody comment.)
Amigo Holdings’ “scheme of arrangement” is set to be approved by creditors on Wednesday, and will likely later be sanctioned by a court, despite opposition from the Financial Conduct Authority, Shore Capital predicts in a note to clients.
The comments come after the payday lender’s stock plunged as much as 41% Tuesday on news the FCA will oppose the scheme
Stock trims decline to 22% at 4pm in London, headed for biggest slump in about eight months
“We doubt that a court will go against the wishes of creditors, especially when the majority voting...
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