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Amigo Holdings PLC (AMGO.L)

LSE - LSE Delayed price. Currency in GBp
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2.6500+0.4400 (+19.91%)
At close: 04:45PM GMT
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  • V
    Veronika
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  • Z
    Zeljanica
    It really is far from surprising AMGO’s proposal got blocked in court... It made 0 sense, AMGO positioned it as ‘this or administration and shareholders get nothing’, but at the same time kept boasting about 150m cash and their ability to rebuild? Clearly they have enough money to pay creditors more than what was proposed - even if it’s nothing the full 100%.

    This was just a ‘clever’ attempt to scam desperate creditors which Amigo had irresponsibly lent to in the first place out of their compensation - maybe it will go through with some amendments but this company hasn’t acquired a single new customer in almost 12 months now. It’s a terrible investment and you should get out if you haven’t already
  • N
    Neil
    We held strong, thinking where it was going.
    the tide is changing and I see a big upside
    Amig has done the the right thing, followed FSA guidelines . I think it will go in its favour and soon be able to sell again,
    I predict huge upside shortly
  • h
    handy
    I’m in this long I’m in a hole at 8.50 might see out of it today. Any news on why the sudden rise? I was going to add more at 5 but wasn’t brave enough as was worried going bust. Must be good news somewhere?
  • a
    alex
    Broker Shore Capital said it doubts a Court will go against the wishes of creditors, especially when the majority voting in favour is likely to be so large, and it noted that the FCA has already said it is not proposing to take any additional regulatory action that might stope the scheme were it to be agreed by the creditors and sanctioned by the court.
    "Amigo has also previously indicated that the business would be forced into insolvency proceedings if the scheme fails to win approval, in which case claimants would get nothing. As such, if the FCA was to be successful in stopping the scheme going ahead, this would likely see an even worse outcome for claimants, thus defeating its own objective.
    "We think the FCA likely knows this and therefore is simply trying to be seen to do the right thing."
  • R
    Reddragon247
    very high volume this morning following an uptick last night. News about to be released?
  • S
    S
    JP Morgan have taken a stake
    They surely would only do this if they knew that Amigo was going to get the nod to start lending again
    This share will be £1+ by May
  • a
    alan
    The proposal to the FSA is not settled public sentiment is against Amigo after being found guilty of agreeing unaffordable loan’s this coupled with the boardroom bust ups I think it’s better than 50/50 that they will be wound up soon,. glad I sold last month I will watch the business & share price with interest
  • Z
    Zeljanica
    JP Morgan also backed the European Super League and look how that panned out..
  • Z
    Zeljanica
    This company hasn’t acquired a single new customer in 12 months…
  • H
    Harry
    AMGO loans back up after a day of turmoil. FCA stepping in wont stop the deal going through as will be a terrible result for all stakeholders. Onwards and upwards time to invest and make returns
  • A
    Aidan
    Green
  • h
    handy
    I might be completely nuts but I bought more of this today I’m reading no more lending until 2021 but chasing bad debts and getting their house in order for customer complaints etc sounds like going back to basics cleaning house and starting again hence the massive price drop. I’m betting they come back leaner, cleaner and meaner 😂
  • b
    ben
    Is this a buy?
  • h
    handy
    Time to stock up me thinks
  • a
    alex
    Still worth getting in now??
  • h
    handy
    Glad sold half at 24 to get money back now playing with the bookies money
  • A
    Aidan
    Why the rise?
  • h
    handy
    I’m here since 8 was worried about this one not today but can’t find any news on massive jump what’s the news?
  • G
    GeeMan
    Getting sold on the cheap or delisted. dodgy dealing happening.