Home
Strategies
Long Term Holding
Short Term Holding
CFDs & Leverage
The AIM
Long Term - Trackers
Tools
Case Studies
Commentary
Company Commentaries
Big News Commentaries
Should I Buy Shares In...
Case Studies
Misc
....For Dummies
2020 Dip
Historic Pricing
Feedback
Show Feedback
Add Feedback
Create User Name
GDPR
Menu
Home
Please see site map
Long Term Holding
Short Term Holding
Company Commentaries
Should I Buy Shares In...
Amigo Holdings PLC (lon:amgo)
Amigo - The Board 1 – 0 Richmond Group
Amigo Holdings PLC Financials
Item
Current Period
Previous Period
Year
N/A
N/A
Period
12 Months
12 Months
Revenue
Earnings
Adjusted Earnings
EBITDA
Adjusted EBITDA
Statutory Profit
Adjusted Profit
Total Debt
Net Debt
Commentary History
Date
Title
Show All
Wed 03 Mar 2021
Amigo – Odd Price Rise.
Thu 28 Jan 2021
Amigo – Management Up The Stakes?
Tue 22 Dec 2020
Amigo – Looks Like The Management Have A Plan
Thu 26 Nov 2020
Amigo - The News Is No News
Thu 12 Nov 2020
Amigo – New Directors And An Important Lesson For Me
Wed 14 Oct 2020
Amigo – Will Gary Jennison Push Back?
Wed 30 Sep 2020
Amigo – The Board 3 – 1 Richmond Group, No JB Onto To Board
Thu 24 Sep 2020
Amigo –The Board Must Be Worryingly Close To Misleading Shareholders
Mon 14 Sep 2020
AMGO – JB Still Seems To See Himself As The Good Guy
Fri 28 Aug 2020
Amigo – The Board 2 – 1 Richmond Group (Their Strategy Becomes Clear)
Mon 24 Aug 2020
AMIGO – Another Comment From James Benamor
Wed 19 Aug 2020
Amigo – Is It About To Double, 10p To 20p?
Tue 21 Jul 2020
Amigo – Annual Report, Smug And Insulting?
Thu 09 Jul 2020
AMGO - Reappointment Of Glen Crawford
Fri 03 Jul 2020
Amigo – Now Seen As Genuine Public Company?
Mon 29 Jun 2020
Amigo – Richmond Are Carrying Out Their Sales Threat.
Wed 17 Jun 2020
Amigo – The Board 2 – 0 Richmond Group
Fri 05 Jun 2020
Amigo - The Board 1 – 0 Richmond Group
Thu 21 May 2020
Amigo – EGM Notification Was Really Disappointing
Fri 01 May 2020
Amigo – Replace The Board EGM
Tue 31 Mar 2020
Amigo – Does BrightHouse’s Closure Also Spell The End Of Amigo?
Wed 29 Jan 2020
Amigo Loans – Is It An Example Of Looking Fair Better On The Outside?
Tue 10 Sep 2019
Amigo Loans – I Am Sure That Everyone Else Is Wrong!
Amigo Holdings PLC Share Price
Grade:
The Pink Grade - A Pure Slightly Informed Gamble, The Market Doesn't Like The Company But I Think That I Understand Why.
Title:
Amigo - The Board 1 – 0 Richmond Group
Company:
AMGO - Amigo Holdings PLC
Share Price Then:
19.5p
Author:
Ian Smith
Date:
Fri 05 Jun 2020
Comments:
The board has managed to use the Relationship Agreement to block Richmond Group voting them off the board.
Depending upon which side you are on this is a victory for the small share holder who will not be made irrelevant by Richmond’s large share holding or a disaster as it will allow the current board to “give away the company and keep the gravy train running for them”
So who are the 40% of share holders that will vote? There seems to be a handful investment funds that own about 30% of the company so really the decision is down to a very small number of people not investing their own money.
I would be surprised to see them vote to keep the board on unless a substantially better offer for the company is made before the EGM, it is hard to see a worse offer and if the FCA investigation worries them they as still not going to lose much more than they already have.
Read Count/ID:
472/11141
Buy/No Buy In A Nutshell
Negatives
A combination of making risky loans and an unwillingness to tell complainants and regulators that the borrower and guarantor has the majority of the responsibility as they asked for and accepted the loan. Claims companies have joined tge bandwagon.
Positives
New management could get much more aggressive with people complaining that they asked for and were given loans but they can't afford them.
Initial Review Price
7p
Last Review Price
9.3p
Last Review Date
20-Nov-2020
Navigation & Details
Pages
Home
Home.
Commentaries
Select Commentaries.
My Grades
Clarification
Share Commentaries, their purpose.
Clarification of the intent of these commentaries.