Amigo (#AMGO) – “retail offer for up to £188,100” at 0.3p per share
- 2025-12-15 07:59:28
Amigo (AMGO) is being pumped in all sorts of sordid chat room and telegram groups today and its shares are, as I write, 123% up at 0.625p. Remember gone are the glory days of ripping folks off as a loan shark this is a cash shell with only enough of the folding green stuff to last it to just after Christmas: a couple of hundred grand at best.
It is not quite all over but it is near as damn it. The financial masochists at Craven House Capital and associated punters, who were considering an RTO of failed loan shark Amigo (AMGO) appear to have realized that their plans were insane and would be just to much of a self-inflicted punishment beating and have withdrawn. Oh dear.
Failed loan shark Amigo (AMGO) has reiterated that it is still proceeding with an orderly wind-down of its business which will see “no residual value for shareholders”. But, a crazy guy called Michael Fleming has approached it with a view to making a debt investment in the Company or its subsidiaries.
We bears, well all of us apart from Simon Cawkwell, aka Evil Knievil, have been ready to celebrate the demise of loan shark Amigo (AMGO) for so, so long. Today comes that ouzo moment, Amigo (AMGO) itself admitting that shareholders will lose everything. It is a zero. It is official.
The FCA has today published its final report into the wrongdoings at loan shark Amigo (AMGO) and it is damning but, other than a public censure, there is nothing it is going to do about it.
Oh dear, oh dear. Loan shark Amigo (AMGO) says that its restarting of lending is going well. Fab. The only problem is the balance sheet and on that we have more bad news today.







