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An update from Amigo Holdings PLC ( (GB:AMGO) ) is now available.
Amigo Holdings PLC has secured shareholder approval at its general meeting for the issue of new shares on a non-pre-emptive basis, enabling an oversubscribed retail offer of 62.7 million shares at 0.3 pence each to proceed, with admission to trading on the London Stock Exchange’s main market expected around 24 December 2025. The board has also appointed corporate finance specialist Andy Chee as an independent non-executive director to support its move into African mining opportunities, plans to seek shareholder approval in early 2026 to change its name to Amigo Resources PLC, and intends to propose a one-for-100 share consolidation to reduce share price volatility and bid-offer spreads, potentially making the stock more attractive to institutional investors; the company has also filed its annual report for the year ended 31 March 2023 with the National Storage Mechanism.
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. Historically known as a lender, the company is now repositioning itself toward operating in the mining sector, with a planned rebrand to Amigo Resources PLC and a board strengthened by expertise in corporate finance, investment and capital markets to support this strategic pivot.
Average Trading Volume: 3,582,004
Technical Sentiment Signal: Buy
Current Market Cap: £2.67M
See more data about AMGO stock on TipRanks’ Stock Analysis page.