Is the Amigo share price a top stock to buy for September?

first_img Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Rupert Hargreaves | Friday, 28th August, 2020 | More on: AMGO Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. The high-calibre small-cap stock flying under the City’s radar Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Covering the twists and turns that have driven the Amigo (LSE: AMGO) share price over the past few months has been fascinating. The company has become one of the most interesting corporate stories on the London market over the past 12 months. Earlier this year, it looked as if the lender would collapse under a mountain of compensation claims from former and current borrowers. While it was dealing with these issues, its former founder and CEO, James Benamor, tried to regain control.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A vicious war of words followed. Shareholders eventually threw out Benamor’s proposals. After the defeat, he promised to step back, sell down his stake in the business and leave Amigo alone.He did for a few months, but the founder has now resumed his attack on the company. Amigo share price attackAt the end of last week, Benamor said he wanted to return to the troubled subprime lender as CEO to lead an international expansion. The current CEO, Glen Crawford, would be left to run the UK business, the founder noted.Crawford rejected this proposal almost immediately. Benamor has now called for a general meeting to oust most of the company’s current management. Amigo’s boardroom tussle has distracted its management for long enough. In my opinion, fighting over who’s going to run the business is a waste of time and effort. For a company in crisis, it could draw management’s attention away from more important matters. However, I can’t see why the current management is so against Benamor’s return. He founded the business and turned it into a billion-pound enterprise. He probably knows more about the company and its potential than anyone else.And before he sold his 61% stake in the business, he had more money on the line than anyone else. Set on making a returnFollowing these recent developments, it’s clear Benamor is set on regaining control. That suggests he could put forward a takeover offer for the Amigo share price if his latest attack fails. In the meantime, Amigo is making progress in dealing with historical issues. Its latest trading update showed an 81% decline in profit and a 32% decline in revenue, but its provision for complaints was broadly unchanged at £116.4m.At the end of the quarter, the company had £170.5m of equity and, at the end of July, it had more than £145m of unrestricted cash.I think these numbers show the firm has enough cash on hand to deal with its problems and restart lending. Indeed, the business is planning to restart lending towards the end of the year. As such, I’m cautiously optimistic on the Amigo share price. If the company can begin lending towards the end of the year, it could return to growth in 2021. At the same time, if its founder decides to make an offer for the business, it may be significantly higher than the current share price. In either scenario, investors may see a positive return. center_img Simply click below to discover how you can take advantage of this. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! See all posts by Rupert Hargreaves Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Is the Amigo share price a top stock to buy for September?last_img read more

Jayaraj-Bennix Custodial Deaths : Madras HC Takes Contempt Proceedings Against 3 Police Officers For Obstructing Inquiry By Magistrate

first_imgTop StoriesJayaraj-Bennix Custodial Deaths : Madras HC Takes Contempt Proceedings Against 3 Police Officers For Obstructing Inquiry By Magistrate LIVELAW NEWS NETWORK29 Jun 2020 7:48 AMShare This – xThe Court observed that free and fair investigation will be difficult unless the Sathankulam police officers are transferred.The Madras HC, Madurai Bench on Monday initiated suo moto contempt proceedings against three police officers for obstructing the HC-ordered inquiry by Judicial Magistrate into the horrific custodial deaths of Jayaraj and Bennix in Sathankulam town in Tamil Nadu. The Court action was based on the report by the Judicial Magistrate, Kovilpatti against Thoothukudi ASP D Kumar, DySP C…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Madras HC, Madurai Bench on Monday initiated suo moto contempt proceedings against three police officers for obstructing the HC-ordered inquiry by Judicial Magistrate into the horrific custodial deaths of Jayaraj and Bennix in Sathankulam town in Tamil Nadu. The Court action was based on the report by the Judicial Magistrate, Kovilpatti against Thoothukudi ASP D Kumar, DySP C Prathapan and police constable Mahajan.A bench comprising Justices P N Prakash and B Pugalendhi observed  “District Police administration are doing everything within their command to prevent the learned Magistrate from proceedings with enquiry”.”The report shows that Mr D Kumar, Additional Superintendent of Police, Tuticorin and Mr C Prathapan, Deputy Superintendent of Police, Tuticorin made themselves available in the Sathankulam police station and in their very presence, the other police men were taking videos of the Magisterial proceedings. The policemen were not giving the records called for by the learned Magistrate and it is seen that one of them, viz, Mahajan, Police Constable, Sathankulam Police Station, had made a very disparaging remark in Tamil to the learned Magistrate”, the bench observed.The Court said that the report of the Magistrate was sufficient to take cognizance of criminal contempt under Section 15(1) read with Section 2(c) of the Contempt of Courts Act, 1971 against the said officers.It may be noted that the Magistrate is holding the inquiry as directed by the High Court on June 26 in a suo moto case taken with respect to the custodial deaths.The HC also noted that a free and fair investigation is not possible unless the said officers and the officers of Sathankulam police station are transferred.”We are of the view that unless the State Government intervenes immediately to transfer the Additional Superintendent of Police, Tuticorin, Deputy Superintendent of Police, Tuticorin and other policemen in Sathankulam, Police Station, it will be very difficult for a free and fair investigation and inquiry”.The named officers have been asked to appear before the court in person tomorrow at 10.30 AM.Jeyaraj-Bennix Custodial Deaths : Questions About Lapses Of Magistrate In Ordering Remand The matter pertains to the custodial deaths of father-son duo, Jeyaraj and Bennix, on June 22/23, after they were arrested for allegedly keeping their shop open in violation of lockdown guidelines.The reports of their brutal torture inflicted on them have sparked a country wide outrage against the policemen.The HC on Monday also directed the District Collector to depute revenue officials to preserve the materials related to the case, after the Magistrate complained of non-cooperation by the police. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Q&A with Wolfpack beat writer Andrew Schuett of Technician

first_img Facebook Twitter Google+ No. 1 Syracuse (24-0, 11-0 Atlantic Coast) faces North Carolina State (16-8, 6-5) on Saturday at 3 p.m. in the Carrier Dome. To learn more about the Wolfpack, The Daily Orange spoke with Andrew Schuett, an N.C. State beat writer from Technician.The Daily Orange: What does N.C. State need to do to pull off the upset and win this game?Andrew Schuett: Well, T.J. Warren’s got to score 40. If State’s going to win this game they’ve got to have big production from guys like Anthony Barber, Desmond Lee and Ralston Turner. They’ve got to be huge in this game. Other guys like Jordan Vandenberg and Kyle Washington, too. State’s going to have to play their absolute best basketball. Even if they do, I can’t really see State leaving Syracuse with a win.The D.O.: Warren leads the ACC in scoring and has five games with 30 points or more. What has he done to take his game to the next level?A.S.: Last year he was probably closer to the fifth or sixth option on offense. C.J. Leslie and Lorenzo Brown were running things. He’s really come into his own this year. He lost 20 pounds in the offseason and he’s gotten a lot more athletic. He’s not the kind of player to take you one-on-one in isolation, he’s more the kind of guy who can get to the rim and score in a variety of ways. He just kind of helps the team out in whatever way he can.AdvertisementThis is placeholder textThe D.O.: N.C. State has lost many players from last year’s team. How has it played so far compared to the expectations at the start of the season?A.S.: I came into the season thinking that if N.C. State gets to the (National Invitation Tournament) (head coach Mark) Gottfried should win national coach of the year. They’re obviously not getting to the NCAA Tournament. I think what they’ve been able to do this year — losing guys like Rich Howell, and C.J., who was a great player, and guys like Rodney Purvis who transferred to (Connecticut) — with a really young team, I think Gottfried and the coaching staff have really done a good job of bringing the guys together. We’ve seen some things from this year’s team that we didn’t see last year. They were down at Maryland, down against Georgia Tech, struggling against Wake Forest and came back and pulled out quality ACC wins against some good teams. On the whole, State fans are happy with this team and just want to see them keep progressing.The D.O.: N.C. State has beaten Maryland, Florida State and Miami, but lost to North Carolina Central, as well as Virginia and Duke by more than 30. Why do you think there’s so little consistency? Is it mostly due to inexperience, or are there other factors, too?A.S.: The N.C. Central loss, State was a young team going up against a more experienced team that wasn’t scared at all of the limelight. They made their shots and played really good basketball. The Virginia loss, that was just State getting demolished by a head-and-shoulders better team. If you can play good defense against N.C. State, then you’ve got a chance. State on the offensive end can go stagnant. If they’re not making shots, they start turning the ball over. That’s what happened against Duke. They just turned the ball over (15) times in the first half. The blueprint to beat State is to be really, really solid defensively, and take what they give you offensively. Comments Published on February 14, 2014 at 12:18 am Contact Trevor: [email protected] | @TrevorHasslast_img read more