Amigo Holdings PLC is listed on the London Stock Exchange (LSE) under the “AMGO.” The company went public in June 2018, and its shares are currently included in the FTSE All-Share and FTSE Small Cap indices. AMIGO’s Share Price as of this post is at 0.24 GBp.
Since its initial public offering, Amigo’s stock price has been volatile, with highs and lows. The company has faced some challenges, including regulatory scrutiny and increased customer complaints. In 2020, the company announced that it would halt new lending, which has affected its revenue and profitability.
Amigo Holdings PLC is a UK-based company founded in 2005 by entrepreneur James Benamor. The company provides guarantor loans, a type of unsecured personal loan requiring a third-party guarantor to co-sign the loan agreement. Amigo’s target market is borrowers with poor or no credit history who may struggle to obtain credit from traditional lenders.
In 2018, Amigo Holdings PLC went public and was listed on the London Stock Exchange. The initial public offering (IPO) was oversubscribed, and the company raised £327 million. At the time, the IPO was seen as a significant success for the company, which had increased in the years leading up to its listing.
However, since going public, Amigo Holdings PLC has faced some challenges. The company has come under regulatory scrutiny, and in 2020, it announced that it would halt new lending after receiving many customer complaints. The company has also faced criticism from consumer groups, who argue that its guarantor loans can be expensive and unsuitable for all borrowers.
Despite these challenges, Amigo Holdings PLC remains a significant player in the UK guarantor loans market. The company has over 700,000 customers and has lent over £4 billion since its inception.
- Established market position. Amigo Holdings PLC is a significant player in the UK guarantor loans market, with a large customer base and a track record of lending over £4 billion. In addition, the company has a well-established brand and a strong reputation, which could be an advantage in attracting new customers and investors.
- Revenue potential. Guarantor loans can be profitable, as they typically carry higher interest rates than traditional personal loans. Therefore, if Amigo Holdings PLC successfully addresses its regulatory challenges and customer complaints, the company could generate significant revenue and profitability in the long run.
- Potential for recovery. After a difficult period of regulatory scrutiny and a halt in new lending, Amigo Holdings PLC showed some signs of recovery in 2021, with a return to lending and an increase in its stock price. If the company continues to address its challenges effectively, it could recover and deliver returns for investors.
Main Competitors of AMIGO
Amigo Holdings PLC’s main competitors in the industry include other providers of guarantor loans and alternative finance solutions, such as:
- Provident Financial: a UK-based provider of credit products, including doorstep loans, personal loans, and guarantor loans.
- Buddy Loans: a UK-based provider of guarantor loans.
- TrustTwo: a UK-based provider of guarantor loans.
- Bamboo Loans: a UK-based provider of personal loans and guarantor loans.
- TFS Loans: a UK-based provider of guarantor loans.
- 1st Stop Personal Loans: a UK-based provider of personal loans and guarantor loans.
- UK Credit: a UK-based provider of personal loans and guarantor loans.
- George Banco: a UK-based provider of guarantor loans.
