29th Sep 2020 10:53
Amigo Holdings PLC - Bournemouth, England-based guarantor loans provider - Tells annual general meeting that trading since the end of the first quarter in line with management expectations. To restart lending "on a prudent basis" by the end of 2020. No material change in complaint volumes, which have remained volatile over August and September. As at the end of August, 41,000 customers on Covid-19 related payment holidays with 9,000 customers having returned to making regular payments and over 3,000 having repaid their loan in full. Cash collection robust at over 80% of pre-Covid-19 expectations as at August 31. Cash of over GBP145 million
Current stock price: 10.88 pence, down 9.1% on day
Year-to-date change: down 84%
By Tapan Panchal; [email protected]
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