Betaville

Amigo, Amigo ... - Part 2

The stakebuilding shenanigans at Amigo Loans continues.

Today, Bybrook Capital - which describes itself as an 'absolute value credit fund manager' - announced it has increased its stake in the controversial subprime lender to 9.1pc while last week JP Morgan said it controls 8.3pc.

Some market scallywags reckon JP Morgan is fronting a stakebuilding for another outfit, possibly even Bybrook...

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Amigo, Amigo...

Amigo Loans doesn't have too many fans among traditional long only institutional investors. That's because the sub-prime loans business had a bit of shocker since floating at 275p in 2018...

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