Amigo Holdings (AMGO)

Sector:

Financials

Index:

FTSE Fledgling

 0.20p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.72
  • 52 Week Low: 0.12
  • Currency: UK Pounds
  • Shares Issued: 475.33m
  • Volume: 316,513
  • Market Cap: £0.95m
  • RiskGrade: 543

Amigo grants exclusivity agreement to shareholder

By Abigail Townsend

Date: Friday 09 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Amigo Holdings has granted a shareholder an exclusivity agreement to pursue financing options for the troubled business, the mid-cost lender confirmed on Friday.
Amigo said that under the agreement, financier Michael Fleming would explore finding and completing a debt investment in the firm or its subsidiaries.

Amigo, which cannot borrow from any other source until the agreement expires on 6 September, said the move did not alter wind-down plans, first announced in March.

It also noted there was a "very low likelihood of a successful conclusion to any discussions arising because of this agreement".

That did not stop Amigo's shares soaring, however, and by 0930 BST the under-pressure stock had rallied 131% to 0.7p.

Amigo started an orderly solvent wind-down of the business after it failed to raise essential funds.

Originally a subprime guarantor lender, following claims of mis-selling and a difficult pandemic, it refocused on mid-cost loans to people typically excluded from mainstream finance.

It also agreed a rescue plan with the Financial Conduct Authority, following lengthy discussions about its future, under which it agreed to pay compensation to creditors and resume lending by February 2023.

But the deal was conditional on a capital raise and Amigo was unable to garner enough interest from potential investors, forcing it to start winding down the business.

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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 0.20p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.72
52 Week Low 0.12
Volume 316,513
Shares Issued 475.33m
Market Cap £0.95m
RiskGrade 543

Amigo Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.01% above the market average45.01% above the market average45.01% above the market average45.01% above the market average45.01% above the market average
48.08% above the sector average48.08% above the sector average48.08% above the sector average48.08% above the sector average48.08% above the sector average
Price Trend
97.39% below the market average97.39% below the market average97.39% below the market average97.39% below the market average97.39% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
67.78% below the market average67.78% below the market average67.78% below the market average67.78% below the market average67.78% below the market average
66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average

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 29-Feb-2024

Time Volume / Share Price
11:50 15,000 @ 0.17p
09:25 82,350 @ 0.20p
08:51 49,830 @ 0.20p
08:00 169,333 @ 0.17p

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