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The friendless company Amigo begs for a new owner

By Chris Bailey of Financial Orbit | Monday 27 January 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Just when you think a story has little more to give...it takes a turn so ludicrous that you cannot quite believe it.  Yes, forget soap operas, the financial markets have far more bonkers twists and turns.  For well over a year now I have warned you to avoid like the plague Amigo (AMGO) and even - a few weeks ago - noted the shabby tactics of the company's founder here who has made a fortune whilst customers and silly fund managers who bought the stock upon listing have lost a packet.  

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