Amigo’s post-IPO results win over markets

By
0 mins. to read
Amigo’s post-IPO results win over markets
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 guarantor loans lender Amigo Holdings (LON:AMGO) has seen its share price climb by 5.50% to 226.82p (as of 12:55 BST) after revenues increased by 28.4% over the year ended 31st March. Profits after tax were up by 75.1% and the value of the net loan book was 17.4% higher than a year earlier.

Chairman Stephan Wilcke commented: “I am pleased to report that the business has been able to deliver on our principal IPO commitments this year and propose a larger than expected full year dividend of 9.32p due to our increased balance sheet flexibility. This was all delivered against a challenging external environment and much internal change.

Arguably, Amigo being a publicly listed company has raised the profile of the guarantor loan product and fuelled some urban myths about us and our customers. In future we will work harder to dispel those myths and take the time to ensure our evolving stakeholder universe fully understands the service we offer.”

.

 

 

Take part in our poll

Which asset managers’ products do you hold?


The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.