Member Info for spacetec

Shares of Amigo Holdings PLC (LON: AMGO) today fell 28.7% after shareholders rejected the return of James Benamor, the company’s founder to the board.

Benamor failed to win the vote to reinstate him as a director of the Amigo holdings as he garnered only 42.76% of the votes, which keeps the current board in place.

Today’s vote is the latest twist in the tussle between Benamor and Amigo’s board, which Benamor has previously accused of being unfit to run the company.

Amigo’s shares have crashed heavily from their post-IPO all-time high price of 314.8p to the current low of 10p as the guarantor lender faces intense public and regulatory scrutiny of its lending practices.

The company’s high-interest rates on its loans to people with poor credit histories have attracted the attention of the British Ombudsman amid rising customer complaints, especially during the coronavirus lockdown period.

Some legislators have referred to Amigo as a legal loan shark, which is part of the reason why the company’s stock has taken such a beating.

Benamor is likely to make another attempt at returning to lead the company given today’s vote results.

I don't get it why people are panicking ,ok JB lost so does that mean AMGO going bust NO , we have couple of hurdles FCA and making sure complaints backlog is down once these 2 are sorted we be lending again , I be adding if this goes to 8p or less

my chart is same as Share talk , hope it works out

https://www.tradingview.com/x/cyfawNPV/

can this move up from bottom channel , good support level

https://www.tradingview.com/x/cj3FqFMS/

Chart possibilities ,we are at bottom of the channel ,after voting outcome we may rise towards top line of channel who knows
https://www.tradingview.com/x/xISa8ul0/

JUST MY CHART VIEW

https://www.tradingview.com/x/3i6L8BK4/

Will try that thanks

Does anyone deal with Lloyd's direct share dealing A/C, if so I have had no message from them yet regarding voting

Can this be around £3 in 12 months time

can we have 25p today i wonder

Make or Break by Bugzy Malone

Supersonic rocket ship by the Kinks

END game - Taylor swift

The Price you Pay by Bruce Springsteen

All eyes on me - Tupac

Ride with the Devil by Motley Crue

Down the drain by Lilly Wood

Locked In by Judas Priest

Climbing higher by benji Jackson

Only way is up by Yazz