Amigo Holdings (#AMGO) – response to James Benamor “blog statement”

Amigo Holdings (#AMGO) – securitisation facility waiver period extended, all cash generation from customer loans held within facility to continue to be used to repay

Amigo (#AMGO) – agreement with bank for extension of waiver period to 14th August “to permit time for both parties to finalise further amendments”

Jonathan Roe jumps aboard the sinking ship Amigo

When a boss with a good reputation joins a company with a bad one, it is always the latter that emerges intact. Jonathan Roe was unveiled today as the new chairman of Amigo (AMGO) and his CV looks good. It will not stay that way. Amigo also unveiled its results for the year to March 31 2020 and they are dire. But there is far worse to come and you would not bet much on this company even surviving.

Amigo (#AMGO) extension of FCA ‘Voluntary Requirement’ – “implies that the number of complaints covered by the VReq will be substantially increased”

If you screw your customers enough, in the end shareholders get shafted too – why Amigo is a zero with more news today

I discussed this with reference to Amigo (AMGO), at length, a couple of weeks ago in my new video show. Today another warning from the company shows that it is past the stage of making windfall profits from screwing its customers in any orifice going, and is now suffering the blowback on that which will, in due course, wipe out shareholders completely.

Amigo (#AMGO) – “has continued to see a substantial increase in the rate of complaints”, in discussions with FCA

Amigo – no friends and almost no options...

Where did it all go wrong for Amigo Holdings (AMGO)? Regular readers will know I have been following this car crash for a good few years now and today's update is just another step in its demise. The sooner this one is de-listed the better...

Amigo (#AMGO) – material complaints & provision increase, Chairman Stephan Wilcke resigns, no formal sale process offers

Amigo (#AMGO) – FCA investigation into company’s creditworthiness assessment process, states formal sale process “continues with the potential acquirer”

All friends together at Amigo (NOT!!)

You all know my long-held views on the oh-so-flawed guarantor lending business Amigo (AMGO).  Back in early March I observed about the latest headline grabbing shenanigans that 'Don't you just love it when a company and its founder/largest shareholder fall out?'.  Well that story has taken a further little twist at the end of last week. 

Amigo (#AMGO) – board change GM requisition notice from Richmond Group Limited & notes communications with FCA

Amigo (#AMGO) – under formal sale process states, “indications of interest from several parties… discussions are ongoing”

The friendless company Amigo begs for a new owner

Just when you think a story has little more to give...it takes a turn so ludicrous that you cannot quite believe it.  Yes, forget soap operas, the financial markets have far more bonkers twists and turns.  For well over a year now I have warned you to avoid like the plague Amigo (AMGO) and even - a few weeks ago - noted the shabby tactics of the company's founder here who has made a fortune whilst customers and silly fund managers who bought the stock upon listing have lost a packet.  

Amigo (#AMGO) – 60.66% shareholder “willing seller”, launched a strategic review and formal sale process. Good luck!

Amigo – the company where a 31% impairments ratio is just a cost of doing business

I know it is Black Friday tomorrow but if you want some black humour then I point you towards an article in this morning's broadsheet press about the horribly expensive lending facilitation company Amigo (AMGO) which observed that 'Investors who bought at 275p in the flotation in July last year have lost 78 per cent of their money'. I can imagine the wealth of many people who have utilised the company’s services has been equivalently impacted...

Amigo (#AMGO) – H1 profit decline, clarification on FCA update

Amigo (#AMGO) – Q1 revenue up, but profit down after “a rise in impairment and increased investment”

Amigo (#AMGO) – majority shareholder “continues to actively consider selling some shares”

Amigo – pass the sick bucket

It has already been established that I am not a do-gooder when I invest. My personal lifestyle is really quite boring but buying tobacco, alcoholic beverage, defence or gambling stocks - among other demerit areas - is really not an issue for me at all. Frankly, I would rather be this way around than some charlatan who sticks out the well-worn 'do as I say not as I do' line. However there are listed companies out there that I just take an immediate dislike to...and this brings me to Amigo Holdings (AMGO)...