|Bid||6.00 x 0|
|Ask||6.38 x 0|
|Day's range||5.50 - 6.60|
|52-week range||1.63 - 15.00|
|Beta (5Y monthly)||2.41|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Jan 2020|
|1y target est||N/A|
Amigo Loans had previously said that it risked insolvency if it paid out more than 10p in the pound
The conditions include the Financial Conduct Authority (FCA) testing Amigo's new lending system, the British regulator said in a letter to Amigo published to FCA's website. The firm had halted lending in March 2020 and has been scrambling for survival after a deluge of customer complaints of misselling loans.
Amigo said on Monday it could enter insolvency if a new business rescue plan and a likely rights issue were not approved by creditors and in court, sending its shares tumbling as much as 62% on that day. Malone, a chartered accountant by profession, is currently the chairman of a fintech company Floan, and has held board level positions in several financial services companies and banks, mostly operating in the non-standard consumer finance sector.