Amigo Holdings (AMGO)

Sector:

Financials

Index:

FTSE Fledgling

8.00p
   
  • Change Today:
      0.38p
  • 52 Week High: 29.50p
  • 52 Week Low: 5.80p
  • Currency: UK Pounds
  • Shares Issued: 475.33m
  • Volume: 5,769,346
  • Market Cap: £38.03m
  • RiskGrade: 543
  • Beta: 1.02

Amigo looks for new CFO after Kisnadwala quits

By Sean Farrell

Date: Monday 09 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Amigo is looking for a new chief financial officer after Nayan Kisnadwala decided to leave the chaotic subprime lender.
Kisnadwala will leave on 30 November "to pursue other career interests", Amigo said. He joined the company in January 2019 as pressures from a regulatory crackdown and customer complaints began to rise.

Amigo's chairman Jonathan Roe said Kisnadwalda had led the finance team during a difficult period and had contributed to work designed to deal with the company's problems. "He leaves with our gratitude and best wishes," Roe said.

The company said it expected to announce a replacement for Kisnadwala in the near future. His departure follows the appointment of turnaround specialist Gary Jennison as chief executive after former boss Glen Crawford changed his mind about returning.

Amigo said on 3 November it had increased provisions for customer mis-selling complaints and would not restart lending until 2021. The Financial Conduct Authority has banned it from paying dividends or director bonuses without permission.

The company, which floated in 2018, has been in crisis for more than a year. It scrapped a plan to sell itself in June and has been in a long-running battle with its founder and former boss James Benamor, who tried to reinstall himself as chief executive.

Kisnadwala said: "I am leaving Amigo having helped steer the business during a period of significant change and challenge borne out of Amigo's legacy issues. I consider the time is right for someone new to lead the finance team through the business's next phase. "

The company is the UK's biggest provider of guarantor loans with repayments backed by the borrower's friends or family. It charges a representative interest rate of 49.9% on loans between £500 and £10,000.









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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Amigo Holdings Market Data

Currency UK Pounds
Share Price 8.00p
Change Today 0.38p
% Change 4.92 %
52 Week High 29.50p
52 Week Low 5.80p
Volume 5,769,346
Shares Issued 475.33m
Market Cap £38.03m
Beta 1.02
RiskGrade 543

Amigo Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.05% below the market average41.05% below the market average41.05% below the market average41.05% below the market average41.05% below the market average
41.09% below the sector average41.09% below the sector average41.09% below the sector average41.09% below the sector average41.09% below the sector average
Price Trend
81.15% below the market average81.15% below the market average81.15% below the market average81.15% below the market average81.15% below the market average
79.71% below the sector average79.71% below the sector average79.71% below the sector average79.71% below the sector average79.71% below the sector average
Income Not Available
Growth
43.27% below the market average43.27% below the market average43.27% below the market average43.27% below the market average43.27% below the market average
51.26% below the sector average51.26% below the sector average51.26% below the sector average51.26% below the sector average51.26% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 1
strong_sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Amigo Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Jan-20 18-Jul-19
Paid 29-Jan-20 31-Jul-19
Amount 3.10p 7.45p

Trades for 30-Nov-2021

Time Volume / Share Price
14:19 3,226 @ 7.96p
13:53 5,002 @ 7.96p
13:49 1,250 @ 7.96p
13:47 822 @ 7.96p
13:47 125 @ 7.96p

Amigo Holdings Key Personnel

CEO Gary Jennison
CFO Michael Corcoran

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