Skip to content
 

Amigo Holdings: sub-prime lender’s shares slide further as it seeks scheme approval

*

Shares in small cap sub-prime loans specialist Amigo Holdings [LSE:AMGO] seem to be showing no signs of recovery at the moment. The stock had been trading at around 13p a share but fell off a cliff in November and has lost well over half of its value in the back end of the year.

In its last report to the market Amigo Holdings said it was pursuing a new scheme to address what it called "a significant complaints liability." This has been submitted to the Independent Customer Committee and to the FCA. It intends to apply for court sanction on two schemes, namely a new business scheme contingent on equity raise and resumption of new lending, plus a managed wind down scheme.


Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
Pepperstone
WisdomTree
CME Group
Back To Top