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: 301,513
  • Market Cap: £0.95m
  • RiskGrade: 543

Amigo Holdings judges chances of raising necessary capital to be 'low'

By Alexander Bueso

Date: Thursday 27 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Amigo Holdings informed shareholders that the subprime lender was continuing its orderly wind down of the business due to its inability to raise the capital needed to continue lending.
"I regret that market conditions caused us to be unable to move forward with the new Amigo business," Amigo chief executive officer, Danny Malone, said.

"As we announced in June, while we have been engaging with potential providers of investment to allow the business to restart, the Board of Amigo considers the likelihood of success to be very low."

The decision to cease all new lending was taken on 23 March and the existing loan books were expected to have been substantially collected or sold by early 2024.

Post period end Malone had tendered his resignation, subject to a six-month notice ending on 15 November.

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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 301,513
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
09:25 82,350 @ 0.20p
08:51 49,830 @ 0.20p
08:00 169,333 @ 0.17p

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