Amigo – some bears are on the pitch, they think it’s all over…
By Tom Winnifrith | Thursday 16 November 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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to have realized that their plans were insane and would be just to much of a self-inflicted punishment beating and have withdrawn.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.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.