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    AMGO   GB00BFFK8T45

AMIGO HOLDINGS PLC

(AMGO)
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Amigo : Britain's ailing Amigo secures funding line waiver extension

06/25/2021 | 03:41am EDT

(Reuters) - Amigo said it has secured three months breathing space on a funding line as it scrambles for its survival, but it has been cut to 100 million pounds ($139 million) from 250 million.

A court rejected a rescue plan last month for British subprime lender Amigo, whose shares were up 12% on Friday after it said had agreed a waiver on the performance triggers on a securitisation facility be extended to Sept 24 from June 25.

Amigo has been under pressure after a deluge of customer mis-selling complaints threatened its collapse.

London's High Court rejected its proposed rescue plan in May that would have cut payouts to customers, after it was opposed by the Financial Conduct Authority.

Amigo said the securitisation facility was cut because of an ongoing suspension on new lending. At the date of extension, the facility was drawn at 27 million pounds, it added.

The company also repeated that it was reviewing its options, including a new rescue plan or insolvency.

($1 = 0.7190 pounds)

(Reporting by Muvija M in Bengaluru and Iain Withers in London; Editing by Rachel Armstrong and Alexander Smith)


ę Reuters 2021
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Analyst Recommendations on AMIGO HOLDINGS PLC
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Financials
Sales 2022 102 M 139 M 139 M
Net income 2022 -1,00 M -1,37 M -1,37 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 54,4 M 74,2 M 74,2 M
Capi. / Sales 2022 0,53x
Capi. / Sales 2023 0,78x
Nbr of Employees 400
Free-Float 48,3%
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Technical analysis trends AMIGO HOLDINGS PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 1
Last Close Price 0,11 GBX
Average target price 10,00 GBX
Spread / Average Target 8 634%
EPS Revisions
Managers and Directors
Gary Antony Jennison Chief Executive Officer & Non-Executive Director
Michael John Corcoran Chief Financial Officer & Director
Jonathan Caldwell Roe Chairman
Maria Darby-Walker Non-Executive Director
Michael Bartholomeusz Non-Executive Director