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Amigo Holdings PLC (GB:AMGO)
LSE:AMGO

Amigo Holdings PLC (AMGO) AI Stock Analysis

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GB:AMGO

Amigo Holdings PLC

(LSE:AMGO)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
2.50p
▲(177.78% Upside)
The score is held down primarily by very weak financial performance (revenue collapse and significant 2025 cash burn), with additional pressure from loss-driven valuation (negative P/E). Strong technical momentum supports the score but is tempered by overbought RSI readings.
Positive Factors
Low reported debt
The company reports zero total debt in 2024–2025, materially lowering near-term solvency risk and improving financial flexibility. This reduces mandatory interest costs and gives management more options to fund legacy obligations, negotiate settlements, or pursue strategic restructuring without immediate creditor pressure.
Prior strong cash generation
Amigo demonstrated substantial operating cash generation in 2022–2023, indicating the business and/or legacy asset monetisation can produce sizable cash when functioning. That historical capacity suggests there are recoverable cash levers (collections, asset sales, cost conversion) available to management over a multi-month horizon if execution resumes.
Narrowing of losses
Net losses have materially narrowed to a small negative in 2025, implying successful cost reduction and de-risking of ongoing operations. A small loss base makes it easier to reach break-even and reduces the pace of structural cash drain, improving runway and the feasibility of a sustainable wind-down or restart strategy.
Negative Factors
Revenue collapse
Revenue has effectively evaporated (0.1M in 2025 from 294.2M in 2020), stripping the company of operating scale and recurring cash inflows. Loss of core revenue undermines unit economics, makes sustaining fixed costs impractical, and limits options to rebuild an originations franchise without major new investment or structural change.
Severe 2025 cash burn
A very large operating and free cash flow outflow in 2025 creates acute liquidity pressure and shows prior cash generation is not currently available. Sustained negative cash flow forces reliance on one-off asset disposals, capital injections, or creditor concessions, undermining long-term execution and strategic optionality.
Eroded balance sheet
Total assets have contracted dramatically and reported equity is effectively zero, reducing the company's capital buffer. A shrunken balance sheet limits ability to absorb setbacks, constrains funding alternatives, and weakens credibility with counterparties—structural constraints that impede any durable business recovery or relaunch.

Amigo Holdings PLC (AMGO) vs. iShares MSCI United Kingdom ETF (EWC)

Amigo Holdings PLC Business Overview & Revenue Model

Company DescriptionAmigo Holdings PLC, through its subsidiaries, provides guarantor loans to individuals in the United Kingdom and Ireland. It also engages in trading business. The company was founded in 2005 and is based in Bournemouth, the United Kingdom.
How the Company Makes MoneyAmigo Holdings PLC generates revenue primarily through interest income from the loans it issues. The company offers loans with relatively high interest rates compared to traditional lenders, which reflects the higher risk associated with lending to individuals with limited or poor credit histories. Amigo's revenue model is based on the repayment of these loans over time, with the interest charged on the outstanding balance serving as the primary source of income. Additionally, Amigo may generate revenue through fees associated with loan origination or late payments. The involvement of a guarantor reduces the risk of default and enables Amigo to reach a market segment that might not qualify for credit otherwise. However, this model also exposes the company to regulatory scrutiny and the need to ensure responsible lending practices.

Amigo Holdings PLC Financial Statement Overview

Summary
Financials reflect severe contraction and instability: revenues collapsed to 0.1M in 2025, profitability remains negative despite a smaller net loss, and cash flow deteriorated sharply with 2025 operating/free cash flow at -136.3M. Low reported debt in 2024–2025 helps, but shrinking assets and weak cash generation keep overall financial risk elevated.
Income Statement
12
Very Negative
Profitability and scale have deteriorated sharply. Revenue fell from 294.2M (2020) to 10.0M (2024) and then to just 0.1M (2025), with 2025 revenue down ~92.6% year-over-year. After a strong profit year in 2022 (net income 169.6M), results swung back to heavy losses in 2023–2024, and while the 2025 net loss (-0.2M) is smaller, it is still negative and margins remain deeply pressured (2025 operating and EBITDA margins are strongly negative). The key positive is that losses have narrowed versus 2023–2024, but the revenue collapse and continued operating losses are major red flags.
Balance Sheet
28
Negative
Leverage appears low in the most recent two years with total debt reported at 0 (2024–2025), which reduces near-term financial risk. However, the balance sheet has been unstable over time: debt was very high in 2020 (462.0M) and 2021 (297.7M), and equity turned negative in 2021 (-121.4M). Equity is reported as 0 in 2024–2025 (limiting visibility into capital strength), while total assets have also contracted significantly (760.4M in 2020 to 39.2M in 2025), suggesting a business that has materially shrunk. Net: lower stated debt today is a plus, but the prior history of stress and the lack of demonstrated equity strength keep the score subdued.
Cash Flow
10
Very Negative
Cash flow quality has become highly volatile and is currently very weak. Operating cash flow swung from strongly positive in 2022–2023 (205.5M and 78.8M) to modestly positive in 2024 (5.4M), then collapsed to a very large outflow in 2025 (-136.3M), with free cash flow matching that decline. This 2025 cash burn materially outweighs the small net loss, indicating pressure from working-capital movements, cash costs, or restructuring-type outflows. Prior periods show the company can generate cash, but the latest year signals acute liquidity strain and execution risk.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue100.00K100.00K10.00M20.80M89.60M170.90M
Gross Profit100.00K100.00K-500.00K1.40M62.30M130.10M
EBITDA-2.40M-2.40M-19.60M-37.40M207.30M-213.00M
Net Income-200.00K-200.00K-12.60M-34.80M169.60M-289.10M
Balance Sheet
Total Assets39.20M39.20M178.20M219.10M285.00M538.60M
Cash, Cash Equivalents and Short-Term Investments4.70M4.70M90.40M62.40M133.60M177.90M
Total Debt0.000.000.00100.00K50.60M297.70M
Total Liabilities39.20M39.20M178.20M206.50M237.10M660.00M
Stockholders Equity0.000.000.0012.60M47.90M-121.40M
Cash Flow
Free Cash Flow-136.30M-136.30M5.40M78.80M205.50M287.20M
Operating Cash Flow-136.30M-136.30M5.40M78.80M205.50M287.70M
Investing Cash Flow0.000.000.000.00300.00K-500.00K
Financing Cash Flow200.00K200.00K-100.00K-50.30M-248.80M-167.40M

Amigo Holdings PLC Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.90
Price Trends
50DMA
0.98
Positive
100DMA
0.66
Positive
200DMA
0.47
Positive
Market Momentum
MACD
0.50
Negative
RSI
67.27
Neutral
STOCH
49.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AMGO, the sentiment is Positive. The current price of 0.9 is below the 20-day moving average (MA) of 1.58, below the 50-day MA of 0.98, and above the 200-day MA of 0.47, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 67.27 is Neutral, neither overbought nor oversold. The STOCH value of 49.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AMGO.

Amigo Holdings PLC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
£289.19M14.498.41%5.33%-11.17%6.04%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
67
Neutral
£515.29M7.1614.70%4.39%-7.52%50.23%
61
Neutral
£221.00M6.7439.40%4.74%
49
Neutral
£300.31M-3.88-16.30%-3.77%-147.20%
48
Neutral
£25.46M-59.25-97.14%98.49%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:AMGO
Amigo Holdings PLC
2.37
1.92
426.67%
GB:IPF
International Personal Finance
235.00
118.80
102.24%
GB:VANQ
Vanquis Banking Group
118.20
55.80
89.42%
GB:SUS
S&U plc
2,380.00
874.07
58.04%
GB:ZAIM
Zaim Credit Systems Plc
4.50
0.00
0.00%
GB:ASAI
ASA International Group PLC
224.00
139.96
166.54%

Amigo Holdings PLC Corporate Events

Regulatory Filings and ComplianceShareholder Meetings
Amigo Holdings Sets Date and Venue for 2026 AGM
Neutral
Jan 29, 2026

Amigo Holdings PLC has announced that its 2026 Annual General Meeting will take place on 2 March 2026 at the Bournemouth Highcliff Marriott Hotel, with shareholders also able to follow proceedings via a webcast. The company will distribute the AGM notice and voting instructions to shareholders, and the documentation will be available on both its investor website and the National Storage Mechanism, underscoring its ongoing regulatory compliance and engagement with investors as it manages its listed-company obligations.

The most recent analyst rating on (GB:AMGO) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Amigo Holdings PLC stock, see the GB:AMGO Stock Forecast page.

Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Amigo Converts Loan Notes Into Equity as New Shares List on LSE
Neutral
Jan 28, 2026

Amigo Holdings PLC has completed the conversion of £1.125 million of its loan notes (Tranche 1) into 375 million new ordinary shares of 0.25p each, which were admitted today to the Official List and to trading on the main market of the London Stock Exchange. The new shares rank pari passu with existing ordinary shares, bringing the company’s total voting share capital to 1,065,088,160, a change that alters the equity base and provides a new denominator for shareholders assessing disclosure thresholds under the FCA’s transparency rules.

The most recent analyst rating on (GB:AMGO) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Amigo Holdings PLC stock, see the GB:AMGO Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Amigo CEO Boosts Shareholding After Loan Note Conversion
Positive
Jan 28, 2026

Amigo Holdings PLC has disclosed that CEO Nicholas Beal has increased his equity stake in the company following the conversion of a tranche of mandatory convertible loan notes into ordinary shares. Tranche 1 of the loan notes has converted into 2,750,003 ordinary shares, taking Beal’s holding to 8,165,313 shares, with an additional 916,666 shares expected to vest upon conversion of Tranche 2, signalling a strengthened alignment between the chief executive’s interests and those of shareholders.

The most recent analyst rating on (GB:AMGO) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Amigo Holdings PLC stock, see the GB:AMGO Stock Forecast page.

Delistings and Listing ChangesPrivate Placements and Financing
Amigo Delays Conversion of Loan Notes Into 375 Million New Shares to Late January
Neutral
Jan 19, 2026

Amigo Holdings PLC has updated the timetable for the conversion of Tranche 1 of its mandatory convertible loan notes into 375 million new ordinary shares, shifting the expected issuance and admission date from 20 January 2026 to on or about 27 January 2026. The new shares are expected to start trading on the London Stock Exchange’s main market on or around that date, a step that will significantly increase the company’s issued share capital and may have material implications for existing shareholders and the company’s capital structure.

The most recent analyst rating on (GB:AMGO) stock is a Hold with a £0.80 price target. To see the full list of analyst forecasts on Amigo Holdings PLC stock, see the GB:AMGO Stock Forecast page.

Business Operations and Strategy
Amigo Launches Early-Stage Gold Exploration Push in Tanzania
Positive
Jan 19, 2026

Amigo Holdings PLC has provided a corporate update on its strategic pivot toward gold and rare earth mining in Africa, confirming early-stage exploration activity in Tanzania’s Mara Region within the Lake Victoria goldfields district. Working with Dubai-based technical partner AK Corporation, the company is deploying advanced satellite-based hyperspectral imaging, soil and rock geochemical testing, and passive micro-seismic surveys to map subsurface structures and identify potential gold-bearing zones before committing capital to specific projects. The approach is designed to reduce exploration risk and cost by generating detailed 2D and 3D structural models and focusing any future trenching and drilling on drill-ready targets. Amigo emphasized that no specific investments have yet been identified or agreed and said it will update investors as the exploration programme progresses, underlining the early and exploratory nature of its new mining-focused strategy.

The most recent analyst rating on (GB:AMGO) stock is a Hold with a £0.80 price target. To see the full list of analyst forecasts on Amigo Holdings PLC stock, see the GB:AMGO Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Amigo CEO Increases Stake as Convertible Loan Notes Move Toward Share Conversion
Positive
Jan 6, 2026

Amigo Holdings PLC has disclosed that its chief executive, Nicholas Beal, has acquired mandatory convertible loan notes from an original subscriber, giving him the right to receive 3,666,669 new ordinary shares for a total consideration of £18,333.35, implying a price of around 0.50p per share. The purchase aligns the CEO more closely with shareholders as the company proceeds with its previously announced plan to raise up to £1.5m through mandatory convertible loan notes, which are being converted in two tranches into a total of 500 million new ordinary shares, potentially leading to significant equity dilution while bolstering Amigo’s capital structure and paving the way for future corporate actions such as a possible reverse takeover.

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.

Business Operations and StrategyPrivate Placements and Financing
Amigo Converts First Tranche of Mandatory Loan Notes, Adding 375m New Shares
Neutral
Jan 6, 2026

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.

Delistings and Listing ChangesPrivate Placements and Financing
Amigo Completes Admission of Oversubscribed WRAP Retail Offer Shares to LSE Main Market
Positive
Dec 24, 2025

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.

Regulatory Filings and Compliance
Insider-Linked Share Purchase Disclosed at Amigo Holdings PLC
Positive
Dec 22, 2025

Amigo Holdings PLC has disclosed that Anna Louise Shelmerdine, a person closely associated with non-executive director Jonathan Roe, has purchased 1,675,041 ordinary shares in the company at a price of £0.00597 per share on the London Stock Exchange. The transaction, formally notified under regulatory rules for dealings by persons discharging managerial responsibilities and their associates, signals insider-related buying activity that may be interpreted by investors as a sign of confidence in the company’s prospects or valuation, although no additional operational or strategic context was provided in the announcement.

Business Operations and StrategyPrivate Placements and Financing
Amigo Holdings Executives Increase Stakes Following Retail Share Offer Allocation
Positive
Dec 22, 2025

Amigo Holdings PLC has disclosed that its chief executive officer, Nicholas Beal, and non-executive director, Jonathan Roe, have purchased a combined 6.19 million ordinary shares in the company on the London Stock Exchange across 18 and 19 December 2025. The purchases, made partly through the Winterflood Retail Access Platform offer for existing shareholders at 0.3 pence per share and partly in the market at low fractions of a penny, indicate increased equity exposure by senior management and board members following the board’s recent confirmation of the allocation basis for the WRAP offer, a move likely to be interpreted by investors as a signal of internal confidence at a time when the company’s shares are trading at depressed levels.

Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder MeetingsStock Split
Amigo Wins Backing for Oversubscribed Share Offer as It Rebrands Toward Mining and Plans Share Consolidation
Positive
Dec 19, 2025

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.

Business Operations and StrategyPrivate Placements and Financing
Amigo Raises £188,100 in Oversubscribed WRAP Retail Offer
Positive
Dec 18, 2025

Amigo Holdings has successfully completed a WRAP Retail Offer, raising gross proceeds of approximately £188,100 at an issue price of 0.3 pence per share through the issuance of 62.7 million new ordinary shares, following demand that significantly exceeded the size of the offer. Subject to shareholder approval at a general meeting and admission of the new shares to trading, expected around 24 December 2025, the company’s issued share capital will rise to 690,088,160 ordinary shares, potentially diluting existing holdings but bolstering the group’s capital base and demonstrating strong retail investor interest in its latest fundraise.

Business Operations and StrategyPrivate Placements and Financing
Amigo Holdings Launches Retail Share Offer to Raise £188,100
Neutral
Dec 15, 2025

Amigo Holdings PLC has announced a retail offer through the Winterflood Retail Access Platform to raise up to £188,100 by issuing new ordinary shares at a discounted price to existing shareholders in the UK. This initiative aims to strengthen the company’s capital base and provide existing shareholders with an opportunity to participate in its financial activities. The offer is conditional on shareholder approval and the listing of the new shares on the London Stock Exchange. The proceeds from this offer, along with previously secured convertible loan notes, are intended to support the company’s strategic objectives.

Business Operations and StrategyExecutive/Board Changes
Amigo Holdings Appoints Craig Ransley as Executive Chair to Explore Mining Opportunities
Neutral
Dec 15, 2025

Amigo Holdings PLC has appointed Craig Ransley as a Director and Executive Chair, marking a strategic shift towards the mining sector. Ransley, an experienced entrepreneur in mining and industrial services, will focus on exploring reverse takeover opportunities to reposition Amigo with a focus on gold and rare earth mining in Africa. This move aims to enhance shareholder value, although the outcome remains uncertain.

Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Amigo Holdings PLC Completes Wind Down and Seeks New Opportunities
Neutral
Dec 15, 2025

Amigo Holdings PLC has completed an 18-month financial period ending September 2025, during which it executed a Scheme of Arrangement, resulting in the winding down of its lending operations and the liquidation of its subsidiaries. The company is now focused on finding a reverse takeover opportunity in the mining sector, having appointed Craig Ransley as a Board Consultant to assist in this transition and secured £1.5 million in risk capital. With its subsidiaries in solvent liquidation and minimal cash reserves, Amigo is effectively a cash entity, prioritizing cost management and the pursuit of new business avenues.

Delistings and Listing ChangesPrivate Placements and Financing
Amigo Holdings PLC Announces New Share Admission and Capital Raise
Neutral
Dec 1, 2025

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.

Private Placements and FinancingShareholder Meetings
Amigo Holdings PLC Announces General Meeting for Capital Raise Approval
Neutral
Nov 26, 2025

Amigo Holdings PLC has announced a general meeting to seek approval for issuing new ordinary shares without pre-emption rights and at a discount exceeding 10% of the closing mid-market price. This move is part of a capital raise initiative, including a £1.5 million investment through mandatory convertible loan notes and an additional £188,100 from existing shareholders, conditional on the resolution’s approval at the meeting.

Delistings and Listing ChangesPrivate Placements and Financing
Amigo Holdings PLC Announces Admission of New Shares
Neutral
Nov 24, 2025

Amigo Holdings PLC announced the admission of 57,035,200 new ordinary shares subscribed by Craig Ransley, which are now listed on the London Stock Exchange. This increases the total number of ordinary shares with voting rights to 627,388,160, impacting shareholder calculations under the FCA’s rules.

Delistings and Listing ChangesPrivate Placements and Financing
Amigo Holdings PLC Announces Admission of New Shares to London Stock Exchange
Neutral
Nov 17, 2025

Amigo Holdings PLC has announced the application for the admission of 57,035,200 Fee Shares to be listed on the Equity Shares Category of the Official List and to be traded on the Main Market of the London Stock Exchange. This move is expected to occur around 24 November 2025 and will align the Fee Shares with existing ordinary shares in terms of voting and income entitlements. The issuance of these shares is part of a strategic financial maneuver, although 96 shares could not be issued due to rounding constraints, with Craig waiving his entitlement to these shares.

Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Amigo Holdings PLC Announces £1.5 Million Capital Raise
Neutral
Nov 14, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 31, 2026