Amigo Holdings PLC (lon:amgo)
Amigo – The Board 2 – 0 Richmond Group

Amigo Holdings PLC Financials

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 2 – 0 Richmond Group
Company:	AMGO - Amigo Holdings PLC
Share Price Then:	12p
Author:	Ian Smith
Date:	Wed 17 Jun 2020
Comments:	The Amigo board have seen off the challenge with roughly 91% voting against the Richmond group motions to remove and replace the board. The Richmond Group said that if this happened it would put its shares on the open market over the next three months, so will they? If this does happen then someone who was interested in the company is going to be quite happy to buy them at a price that is even lower the 20p per share offer recently rejected. Looking at it now the market cap is around £60m. So does this mean that the small shareholders will have 3 months of a depressed share price and then nothing, or a new owner or group of owners and the option to stay and see what happens? Clearly if the board was willing to sell at 20p then there must be issues that were not well disclosed, but if a new board has the confidence of a new owner then there might still be value. Especially if the new management adopts the attitude of look both the borrower and guarantor looked at the agreement and signed it, you can’t blame us to the extent that even the amount borrowed doesn’t have to be repaid. Towards the end of today around about 10 million shares have been traded against an average of 1.5 million, so it may be retail panic or it may be Richmond getting out.
Read Count/ID:	553/12143

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

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