Amigo Loans is a “subprime lender” of Britain and it is now gearing up for a “stock market float in London”, whereby possibly sending the “consumer credit” firm’s value over “$700 million”.
The firm gives “high interest loans” and prefers borrowers with “weak credit histories”. Currently, the company has appointed “JPMorgan and RBC Capital Markets” for examining the “potential flotation”. According to a source, who has “knowledge of the matter”, the company is likely to “seek” more than “500 million pounds” of “market capitalisation” from a “listing”.
Amigo firm is based out of Bournemouth which deals in issuance of loans which are “guaranteed” by friends of family of the burrower. In fact, the C.E.O of the firm, Glen Crawford, informed that the firm has been keeping “a listing in London” on the cards since two years as a “major plank of the company’s strategy”.
Earlier in the month, the firm published a presentation for “bond investors” as an exploratory stage of “a potential initial public offering”. Going ahead with a flotation, would allow Amigo to join in with “a host of other financial services firms” who have their eyes on “stock market debuts on the London Stock Exchange”.
Among these firms are the “biggest debt collector” of Britain, Cabot Credit Management, “Funding Circle, and IntegraFin”. Richmond Group founded eighteen years ago as “a loan brokerage” under James Benamor, is at the controlling helm of Amigo.
Moreover, Reuters reported:
“For the nine months through December, Amigo reported a 42 percent jump in adjusted earnings before interest, taxes, depreciation and amortisation from a year earlier to 84.6 million pounds. It had a net loan book of 607 million pounds at the close of 2017”.
References:
reuters.com
The firm gives “high interest loans” and prefers borrowers with “weak credit histories”. Currently, the company has appointed “JPMorgan and RBC Capital Markets” for examining the “potential flotation”. According to a source, who has “knowledge of the matter”, the company is likely to “seek” more than “500 million pounds” of “market capitalisation” from a “listing”.
Amigo firm is based out of Bournemouth which deals in issuance of loans which are “guaranteed” by friends of family of the burrower. In fact, the C.E.O of the firm, Glen Crawford, informed that the firm has been keeping “a listing in London” on the cards since two years as a “major plank of the company’s strategy”.
Earlier in the month, the firm published a presentation for “bond investors” as an exploratory stage of “a potential initial public offering”. Going ahead with a flotation, would allow Amigo to join in with “a host of other financial services firms” who have their eyes on “stock market debuts on the London Stock Exchange”.
Among these firms are the “biggest debt collector” of Britain, Cabot Credit Management, “Funding Circle, and IntegraFin”. Richmond Group founded eighteen years ago as “a loan brokerage” under James Benamor, is at the controlling helm of Amigo.
Moreover, Reuters reported:
“For the nine months through December, Amigo reported a 42 percent jump in adjusted earnings before interest, taxes, depreciation and amortisation from a year earlier to 84.6 million pounds. It had a net loan book of 607 million pounds at the close of 2017”.
References:
reuters.com