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