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    AMGO   GB00BFFK8T45

AMIGO HOLDINGS PLC

(AMGO)
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Amigo : UK watchdog to challenge lender Amigo's rescue plan at court

05/11/2021 | 02:35am EDT

(Reuters) - Guarantor lender Amigo said Britain's financial regulator has told the company it intends to oppose a rescue plan at a court hearing on the basis that the court cannot be satisfied that the current proposal was fair.

The Financial Conduct Authority (FCA) said in a letter to Amigo that it was concerned customers' compensation claims would be significantly reduced while shareholders were not being asked to contribute, the company said.

Amigo said over 95% of votes cast by current and former customers to date were in favour of the scheme, ahead of a creditors' meeting on Wednesday. The scheme requires 50% creditor support and at least 75% of the value of claims.

Amigo's rescue plan has drawn criticism from politicians and consumer groups for potentially short-changing customers.

(Reporting by Muvija M in Bengaluru, Editing by Iain Withers)


© Reuters 2021
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Financials
Sales 2021 184 M 256 M 256 M
Net income 2021 -93,0 M -130 M -130 M
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 44,6 M 62,1 M 62,2 M
Capi. / Sales 2021 0,24x
Capi. / Sales 2022 0,44x
Nbr of Employees 400
Free-Float 50,9%
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Technical analysis trends AMIGO HOLDINGS PLC
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Consensus
 
Mean consensus SELL
Number of Analysts 1
Average target price 10,00 GBX
Last Close Price 8,40 GBX
Spread / Highest target 19,0%
Spread / Average Target 19,0%
Spread / Lowest Target 19,0%
EPS Revisions
Managers and Directors
NameTitle
Gary Antony Jennison Chief Executive Officer
Michael John Corcoran Chief Financial Officer & Director
Jonathan Caldwell Roe Chairman
Maria Darby-Walker Non-Executive Director
Michael Bartholomeusz Non-Executive Director
Sector and Competitors