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An announcement from Amigo Holdings PLC ( (GB:AMGO) ) is now available.
Amigo Holdings PLC recently announced the admission of 57,035,200 new ordinary shares, known as Fee Shares, to trading. This move is part of a consultancy agreement with Craig Ransley, who facilitated a £1.5 million capital raise for the company. The Fee Shares are held by Stellar Mercator Pte Ltd, a company based in Singapore, beneficially owned by Ransley. This development highlights Amigo’s strategic efforts to bolster its capital base, potentially impacting its market positioning and stakeholder interests.
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: 4,172,565
Technical Sentiment Signal: Buy
Current Market Cap: £3.14M
For a thorough assessment of AMGO stock, go to TipRanks’ Stock Analysis page.