I first alerted Hot Copper readers to AMA when the price was 93 cents which is the price that I bought in at, whilst noting that Australian Super bought nearly 12 % of this stock in November last year at 95.23 cents per share, along with the Myer Family and Colinton Capital Partners who also bought a stake at the same time and at the same price of 95.23 cents per share, as per an announcement to the market on 09/11/18.
I was aware when I bought my shares at 93 cents that UBS had a BUY recommendation on AMA at that time with a 12-month price target of $1.35 per share.
The price of AMA has been regularly closing at $1.00 per share lately.
They already pay a dividend and IMO there is a break out past $1.00 per share imminent.
GLTA
AMA Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
