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Amigo Holdings PLC ( (GB:AMGO) ) has shared an announcement.
Amigo Holdings PLC has initiated the conversion of the first tranche of its mandatory convertible loan notes into 375 million new ordinary shares at a price of 0.3p per share, with these shares ranking pari passu with existing stock and eligible for all future dividends and distributions. Following admission of the new shares to trading on the London Stock Exchange’s main market, expected on 20 January 2026, Amigo’s issued share capital will rise to 1,065,088,160 ordinary shares, with a further 125 million shares still to be issued upon conversion of the remaining loan notes by January 2027 or earlier, signalling a significant expansion of the company’s equity base and potential dilution for existing shareholders as it progresses its capital restructuring plans.
The most recent analyst rating on (GB:AMGO) stock is a Hold with a £0.81 price target. To see the full list of analyst forecasts on Amigo Holdings PLC stock, see the GB:AMGO Stock Forecast page.
Spark’s Take on GB:AMGO Stock
According to Spark, TipRanks’ AI Analyst, GB:AMGO is a Neutral.
The score is held down primarily by very weak financial performance—especially the 2025 cash burn and revenue collapse—despite low reported debt. Technicals are supportive in the near term (price above key moving averages and positive MACD), but overbought signals temper that strength. Corporate events are mixed (fundraising and insider buying vs. subsidiary liquidations and strategic uncertainty), while valuation offers limited support due to losses and no dividend.
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 incorporated in England and Wales, with its shares listed on the Official List of the London Stock Exchange. The company operates within the UK financial services sector, although this announcement focuses primarily on its capital structure and listing status rather than its product set or customer markets.
Average Trading Volume: 4,947,325
Technical Sentiment Signal: Buy
Current Market Cap: £4.66M
Learn more about AMGO stock on TipRanks’ Stock Analysis page.