Amigo Investors - AMGO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Amigo Holdings Plc AMGO London Ordinary Share GB00BFFK8T45 ORD 0.25P
  Price Change Price Change % Stock Price Last Trade
0.57 3.56% 16.57 16:35:04
Open Price Low Price High Price Close Price Previous Close
15.65 15.65 16.93 16.57 16.00
more quote information »
Industry Sector
NONEQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

DateSubject
13/4/2021
21:21
leoneobull: What strikes me is that it would not take much more than one extra new II investor or hedgie to really increase interest here and reduce free float. Wont take more than another 1 to 2 investors and the PI share could diminish significantly. Rerate on cardd IMOV, subject to SoA getting through, clearly. GLA
06/4/2021
10:34
chinese investor: Chinese Investor (AMGO) 30 Mar 2021 - 12:35:33 They are now considering borrowers having more than one vote depending on their circumstances ! i.e. "weight their votes" Chinese Investor (AMGO) 27 Feb 2021 - 10:01:57 So one million borrowers and guarantors will be eligible to vote for "the Scheme". Most of them know that have no chance of redress so they'll vote for it because they have nothing to lose. Amigo will get their 75% ! The courts and FCA can see this and will not approve the "Scheme" in the proposed form.
06/4/2021
08:51
ck1632: I think is a fair assumption that amigos customer base are not as well educated or as ‘in tune’ with the financial world as maybe some investors are, but I grew up on a council estate so I think I have a good idea of the mindset of the customer who will receive this letter. My general view would be if someone comes offering you free money you just take it, you don’t question it. You just take the money and be happy that you have more today then you did yesterday. So again my summary is the past customers weight should easily tip the scales to yes. All my own opinion of course.
24/3/2021
09:43
daniel: HeatSeek77, 15% of pretax profit (equivalent to 35% of the aftertax profit) is fair enough. The majority of 700k legacy customers are not likely to make claims and the £35m goes to a minority of troublesome customers and CMCs. 35% of pretax profit is ridiculous and will mean over 50% of After-Tax profit is used to service claims. GJ should not agree to that, as it will undermine the company's plans for Amigo 2.0, which is good for all customers, society and intended to broaden the customer base at lower interest rates. Short-term investors may be interested in agreeing to any terms in settling these claims, but such terms must not cripple the company going forward, for longer-term customers and investors.
05/3/2021
07:21
heatseek77: Search Stock Your avatar Upgrade Logout Monitor Quote Charts Trades News Financials Toplists Alerts Portfolio Level 2 Free BB PBB ADVFN Logo Copyright © 2021 ADVFN plc Switch to Desktop View AMGO EPIC BB Menu Amigo (AMGO) Following AMGO Amigo - MODERATED Share On Facebook Search this thread Remove FavouriteE-mail AlertRelated ThreadsSkip Header Chinese Investor 9 Jan '20 - 13:10 0 4 3 Quarterly figures (£m) through to Q3 (December 2020) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Revenue 71.5 73.9 72.6 76.2 48.8 43.5 45.2 Interest (10.4) (6.8) (6.8) (6.7) (7.4) (8.2) (6.5) Impairment (21.8) (23.4) (23.5) (44.5) (18.5) (1.9) (21.1) Complaints Costs (6.0) (10.4) (16.2) (100.4) (6.8) (86.9) (22.5) Other Operating Costs (16.7) (13.6) (14.9) (14.2) (11.2) (11.3) (12.9) Pretax Profit 22.6 19.7 11.2 (91.6) 1.4 (69.3) (17.8) Year Ending Interim Final Mar 2020 3.10p 0.00p Mar 2019 1.87p 7.45p Ending Number of Customers (,000) Net Loan Book (£m) Dec 2020 156 412 Sep 2020 176 485 Jun 2020 199 553 Mar 2020 222 643 News 05/03/2021 07:00 UKREG Amigo Holdings PLC Holding(s) in Company 02/03/2021 07:00 UKREG Amigo Holdings PLC Holding(s) in Company 01/03/2021 17:03 UKREG Amigo Holdings PLC Grant of Long Term Incentive Plan ("LTIP") 26/02/2021 10:36 UKREG Amigo Holdings PLC Holding(s) in Company 26/02/2021 10:33 UKREG Amigo Holdings PLC Grant of Long Term Incentive Plan 26/02/2021 07:01 UKREG Amigo Holdings PLC Director Dealing PlusOneCoin Top Posts chinese investor 27 Feb '21 - 10:01 - 17553 0.000010 So one million borrowers and guarantors will be eligible to vote for "the Scheme". Most of them know that have no chance of redress so they'll vote for it because they have nothing to lose. Amigo will get their 75% ! In the ensuing six month "negotiating" period, legitimate claimants will get a fraction of what they would have got if there had been no "Scheme" and... ...those who had "no chance of redress" will get nothing ! The courts and FCA can see this and will not approve the "Scheme". Previous 18186 Go ToTop Posts Heatseek775 Mar '21 - 07:15 - 18181 of 18186 Edit 0 2 0 Cfds to cash SALE did similar thing at AA God its in f.... Black n white Leoneobull5 Mar '21 - 07:15 - 18182 of 18186 0 2 0 Seeker...hardly. JPM Chase on behalf of J.P. Morgan Securities Plc . The point is they now have almost an identical holding but with 7.14% voting rights if I read it correctly. wulber5 Mar '21 - 07:16 - 18183 of 18186 0 2 0 Yes Leon exactly ? samsung20205 Mar '21 - 07:17 - 18184 of 18186 0 1 0 Yep, thats how i read it Leoneobull5 Mar '21 - 07:18 - 18185 of 18186 0 2 0 Consensus LSE is they swapped lots of derivatives into real shares with voting rights attached. Has to be good news Heatseek775 Mar '21 - 07:20 - 18186 of 18186 Edit 0 0 0 Search Stock Your avatar Upgrade Logout Monitor Quote Charts Trades News Financials Toplists Alerts Portfolio Level 2 Free BB PBB ADVFN Logo Copyright © 2021 ADVFN plc Switch to Desktop View Amigo Share News - AMGO Current Price 14.00p 0.00 0.0% Bid Price Offer Price 13.62 14.34 High Price Low Price Open Price Shares Traded Last Trade Market Cap (m) 0.00 00:00:00 67 Amigo Holdings PLC Holding(s) in Company Intraday Amigo Chart Intraday Amigo Chart 05/03/2021 7:00am UK Regulatory (RNS & others) TIDMAMGO TIDM80GT RNS Number : 2551R Amigo Holdings PLC 04 March 2021 TR-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the Amigo Holdings PLC underlying issuer of existing shares to which voting rights are attached (ii) : -------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer ---- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ---- An acquisition or disposal of financial instruments ---- An event changing the breakdown of voting rights ---- Other (please specify)(iii) : ---- 3. Details of person subject to the notification obligation (iv) Name JPMorgan Chase & Co. City and country of registered office Wilmington, Delaware, USA (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name J.P. Morgan Securities Plc -------------------------------------------- City and country of registered office London, United Kingdom (if applicable) -------------------------------------------- 5. Date on which the threshold was 02 March 2021 crossed or reached (vi) : -------------------------------------------- 6. Date on which issuer notified (DD/MM/YYYY): 04 March 2021 -------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of both Total number rights attached through financial in % (8.A + of voting rights to shares (total instruments 8.B) held in issuer of 8. A) (total of 8.B (vii) 1 + 8.B 2) ------------------ --------------------- -------------- -------------------- Resulting situation on the date on which threshold was crossed or reached 6.41% 0.58% 6.99% 475,333,760 ------------------ --------------------- -------------- -------------------- Position of previous notification (if applicable) 6.40% 0.64% 7.04% ------------------ --------------------- -------------- -------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares (ix) ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) ---------------------- GB00BFFK8T45 30,452,700 6.41% --------------------- ---------------------- -------------------- ---------------- SUBTOTAL 8. A 30,452,700 6.41%
04/3/2021
05:39
leoneobull: "The scheme will allow 700,000 past customers who would likely receive nothing in the case of insolvency. They have the opportunity to share up to GBP 35 million in cash as well as 15% of each year's financial profits for the next 4 financial years". Zero or something. How would you vote?"the scheme will enable Amigo to continue to provide important financial inclusion to the currently approximately 12 million adults in the U.K., who are unable to access mainstream bank credit. That's around 1/5 of the U.K. population, and it's a number that's set to rise as furlough unwinds later this year with the inevitable rise in unemployment. By providing more certainty around the liability for complaints, we will be able to continue to build a long-term sustainable business for customers and employees and to create value for our investors." Aka huge market, help contribute to financial inclusion policy in UK. Should go down well with investors and FCA."Whilst we cannot be precise on timing as this is linked to the FCA completing its review, we are aiming to restart lending as soon as possible. We have a strong recognized brand, we have good people here committed to our purpose, and we have years of accumulated experience and knowledge of the nonstandard credit and of our customers, and we have outstanding data analytics". aka we will blow the market away..... "But we want to be different, and we want to be differently different and genuinely offer something that's going to blow the market away. Watch this space". Aka we have a mind blowing set of new products to be delivered through new digital channels which will make amgo a great investment proposition IF SoA does through..Quotes from results plus my comments
25/2/2021
07:40
bearnecessities: Nothing in the RNS we or the market didn't already know. In fact, more cash on the books than expected. Gary seems confident of the future, JPM have increased further. Nothing to say the institutional investors won't continue to buy or more will come on board. May dip today, may not. This is Amigo. Happy to hold for some time and see this play out. The board and institutional investors still give me confidence here. Ignore the sharks, they will be here or on any other share when news lands in any shape or form.
19/2/2021
14:23
samsung2020: Bybrook are big players.....Cairn Capital Group (Cairn Capital), supported by Mediobanca as its majority shareholder, has agreed terms for a strategic partnership in which Cairn Capital will acquire and merge with Bybrook Capital (Bybrook), a specialist distressed credit manager based in London.Bybrook, established in 2014, is focused on absolute value stressed/distressed debt and special situations in Europe and has established an outstanding track record since inception. Bybrook currently manages approximately USD2.5 billion on behalf of top tier international institutional investors. Through this transaction, Mediobanca will reaffirm its majority shareholder position with a stake of c64 per cent while the remaining 36 per cent will be held by former Bybrook shareholders and existing Cairn Capital minority shareholders. Cairn Capital and Bybrook both enter into this partnership having delivered meaningful growth and strong investment performance. The merger with Bybrook fulfils the ambition to create a leading diversified alternative credit manager with approximately USD8 billion in AUM across public, private, performing and distressed investment opportunities. It brings together a top performing leveraged loan and alternative credit franchise with an outstanding stressed/distressed and special situations business. The Bybrook partners will keep their full focus on managing their strategies while remaining significant investors in their funds alongside investors. They also show their confidence in the future of Cairn Capital by becoming meaningful minority shareholders.The transaction is subject to the customary conditions, including approval from the relevant regulatory authorities, and is expected to close in the second quarter of 2021.Nicholas Chalmers, CEO of Cairn Capital, says: "We are delighted at the prospect of merging with an outstanding firm that has a proven track record of delivering differentiated and strong absolute returns to institutional investors. We are confident that the combined fundamental credit research capabilities and complementary skills will greatly enhance the investment process and our ability to consistently deliver exceptional returns throughout the cycle."Robert Dafforn, CIO of Bybrook, says: "The Bybrook partners are extremely pleased to be joining forces with Cairn Capital. As one of Europe's leading CLO franchises for many years, Cairn Capital provides Bybrook with even broader research coverage, which is sure to drive strong returns within stressed/distressed and special situations over the years to come. We are excited that we will be able to provide full credit markets solutions to clients via the enhanced and expanded platform."Alberto Nagel, CEO of Mediobanca, says: "In the past five years we have fostered Cairn Capital's growth and today, in welcoming Bybrook, we will broaden its investor appeal, raise new capabilities and achieve positive synergies positioning the combined entity in the higher margin segment. As part of its overall strategy, Mediobanca is strongly committed to enlarging its Wealth Management division, on both the distribution and asset management sides, organically and through acquisitions. With the acquisition of Cairn Capital in 2015, RAM Active Investments in 2017 and Bybrook today, Mediobanca keeps building an Alternative Asset Management platform which today manages roughly $10 billion in AUM, focusing on specialist affiliates, adding value to their clients within the Group's distribution networks and beyond."
06/1/2021
10:17
brocksford: Cheers Sam I think the rampers/derampers are usually easy to spot as, apart from the real lunatics who are merely disruptors, they are constantly posting positive/negative posts to try to influence their fellow investors. I'm probably the most novice investor on here lol and am only on here for the reason that such discussion forums are intended, to chat to fellow investors and maybe learn a thing or two. I ignore the muppets! As I proved to our friend Amaretto, I'm always happy to evidence my posts lol
04/11/2020
14:56
jibba jabber: However, this report from 10mins ago completely blows those theories away, lol, it will be what it will be. U.S. stock futures turned higher early Wednesday after late-reporting votes in the still-uncertain election boosted the chances of a Joe Biden victory. Futures tied to the S&P 500 were up 1.6%, while contracts for the technology-heavy Nasdaq-100 index rose 3.5%. The rally came on the hopes that a clear Biden win would remove the uncertainty of a prolonged disputed election. "It flipped when it seemed like Biden was going to win," said Priya Misra, head of global rates strategy at TD Securities. "Maybe the stock market cares more about the presidency and is thinking that if it's Biden at least we get a resolution." Investors may be overlooking the risk to the economy posed by a divided government, Ms. Misra added, saying that if the Republicans retain the Senate it will make it harder to juice the economy with more stimulus. S&P 500 futures had briefly turned red after President Trump accused Democrats of trying to disenfranchise his voters and promised to petition the Supreme Court, though he didn't elaborate. They turned positive again after counts in Wisconsin and Michigan pointed toward possible wins for Mr. Biden, though a substantial number of ballots remain uncounted. "The market has been underpricing the chance of a close result," said Seema Shah, chief strategist at Principal Global Investors. "I'm surprised U.S. equities are doing as well as they are," Ms. Shah added, saying she expected to see more wild swings in stock prices in the near term. Still, the lack of a decisive result kept markets on edge. Money managers had long pinpointed a drawn-out or contested result as having the potential to spark big swings in asset prices. In part, this is because such an outcome would diminish the chances of lawmakers quickly passing a second round of economic stimulus. A lack of Democratic gains in the Senate also appeared to lower the likelihood of that happening. Wagers that a Democratic sweep of the White House and Congress would lead to the speedy passage of more aid had sent bond yields higher in the days leading up to the election. That trade unwound Wednesday as the chances of a "blue wave" faded. The yield on the 10-year Treasury note fell to 0.796% from 0.881% Tuesday, putting it on course for its biggest one-day drop since mid-June. "This is a mega, mega move," said Gregory Perdon, co-chief investment officer at U.K. private bank Arbuthnot Latham. The prospects of a wave of Treasury issuance to fund a burst of federal spending under a Democratic administration had faded, he said. Yields fall as bond prices rise. Another sign that stimulus hopes waned: Futures tied to the Russell 2000 index of smaller stocks were lower by about 1.2%. Companies in the index are more exposed to economic growth and were more likely than big tech stocks that dominate the Nasdaq Composite and S&P 500 to benefit from a government spending package. The president won Ohio, Iowa, Texas and the key prize of Florida, while Mr. Biden flipped an electoral vote in Nebraska and won Arizona, the first time the state has gone to a Democratic presidential candidate since 1996. That set up a showdown in Pennsylvania, Michigan and Wisconsin, which, along with states such as Georgia and North Carolina, weren't yet called. Technology stocks jumped ahead of the opening bell, with Apple, Amazon.com and Google owner Alphabet all gaining ground. Uber Technologies rose almost 11% and Lyft around 14% premarket, after California voters approved an initiative that let the ride-hailing firms count their drivers as independent contractors. Shares in banks and industrial companies, which are closely tied to the outlook for the economy and tend to suffer when longer-term bond yields slide, came under pressure. In a sign that investors were reaching for safe-haven assets, the dollar initially rose against a basket of currencies tracked by The Wall Street Journal. China's yuan, Japan's yen, the euro and the British pound all fell against the U.S. currency, though some of those gains later reversed. European government bond yields also fell, with German 10-year bunds briefly touching negative 0.66%, their lowest level since March. "The blue wave that the market had started to price has not come to fruition and it's still very much up in the air," said Ian Tew, a head of trading for major currencies at Barclays. "The market is concerned about that, and it then tends to buy the safe haven of the dollar in that environment." Trading volumes in currency markets were unusually low for an election night, Mr. Tew said, in part because investors and traders were reluctant to put on new positions given the uncertainty. The dollar was largely driven higher by hedge funds and other market participants unwinding wagers they placed against the greenback before the vote, he said. Still, some fund managers were waiting to pounce on any drop in stock prices as a buying opportunity. "If you look over the long term, the policies in the two camps in terms of how corporate America might shape itself in the future are not completely apart," said Maria Municchi, a multiasset fund manager at M&G Investments. --Mischa Fran
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