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Amigo Holdings PLC ( (GB:AMGO) ) has provided an update.
Amigo Holdings PLC has announced a capital raise through the issuance of up to £1.5 million in unlisted convertible loan notes, conditional on shareholder approval at a General Meeting. This move is part of Amigo’s strategy to secure new risk capital investors, facilitated by Craig Ransley, who will receive a fee in the form of new ordinary shares. The capital raise is crucial for Amigo’s future operations and shareholder value, although it involves significant dilution of existing shares. The company is also exploring opportunities for retail investors to participate in the capital raise.
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, with its shares listed on the Official List of the London Stock Exchange.
Average Trading Volume: 3,728,670
Technical Sentiment Signal: Buy
Current Market Cap: £2.42M
For detailed information about AMGO stock, go to TipRanks’ Stock Analysis page.