The sliver of hope for Amigo in today's announcement is unlikely to lead to the revival of the company. Exclusivity has been given to Michael Fleming to seek debt investment. Fleming is a shareholder and was previously a wealth manager

As Amigo winds its operations down, the resignation of CEO Danny Malone was to be expected. Having had the remaining

Amigo will cease operations after the board has called time on the capital raise. The £50m SSNs had been slated to be redeemed by May, and replaced

Amigo is a step closer to winding up after admitting that it will unlikely succeed in raising £45m in equity required to meet the terms of its Scheme of Arrangement (SoA). The £21m in

Amigo’s General Meeting today allows shareholders to vent their frustration, and management to explain their solution (the capital raise). There are no

Amigo has not yet secured sufficient commitments for its equity raise. An orderly wind down, with bonds being repaid at par (current trading price 96p/£), looks

The decision by the FCA not to levy a financial penalty on Amigo should help smooth the equity-raising process. Amigo has acknowledged the

The company continues to struggle attracting sufficient investors for its equity raise. Please let us know if you are interested and we’d gladly give the advisors a call for more information.

Amigo are looking for a friend. Anyone wishing to underwrite the capital increase of Amigo should reach out to

On today’s call Amigo management said that they would not initially be taking out bank debt to support the launch of the new lender. The impact here is that

The FCA’s approval of a limited return to lending was expected given the book-building exercise for Amigo’s equity raise has begun. Amigo’s expectations for originations in

Please find our slightly modified analysis here.

Although participating would be profitable we will not take part in the upcoming equity raise from Amigo. We will hold on to our bonds and without any equity kicker, our expected 12-month return for our bondholding is 14%. We expect the bonds will be

Amigo’s agenda for today’s AGM revealed the lender is aiming to raise only £40m in this round, just over half of what we had expected. Clearly,

The timing of the announcement from the company regarding the management team is potentially troubling. The loss of your CEO is not good when you are fundraising... It is plausible tha

Another change at Amigo as it moves closer to returning to lending. Amigo has appointed a new auditor after KPMG decided not to take part in a