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Amigo Holdings PLC ( (GB:AMGO) ) has provided an update.
Amigo Holdings PLC has completed the admission to trading of 62.7 million new ordinary shares issued under its oversubscribed WRAP Retail Offer, which was taken up 4.7 times at an issue price of 0.3p per share. The new shares, which rank pari passu with existing stock, increase the company’s total voting share capital to 690,088,160 ordinary shares, a change that will affect shareholders’ disclosure thresholds and could broaden the investor base while modestly strengthening the company’s equity position.
Spark’s Take on GB:AMGO Stock
According to Spark, TipRanks’ AI Analyst, GB:AMGO is a Underperform.
Amigo Holdings PLC’s overall stock score is heavily impacted by its challenging financial performance, with declining revenues and significant losses. Bearish technical indicators and concerning valuation metrics further weigh on the score. Recent corporate events, while highlighting strategic efforts, underscore financial instability and potential liquidation risks, contributing to a low overall score.
To see Spark’s full report on GB:AMGO stock, click here.
More about Amigo Holdings PLC
Amigo Holdings PLC is a public limited company registered in England and Wales and listed on the Official List of the London Stock Exchange. The company’s shares trade on the main market, positioning it within the UK’s regulated equity markets and subject to the Financial Conduct Authority’s disclosure and transparency regime.
Average Trading Volume: 4,447,912
Technical Sentiment Signal: Buy
Current Market Cap: £3.61M
For detailed information about AMGO stock, go to TipRanks’ Stock Analysis page.