Having looked through the results in more detail overnight I think AMA is trading at around fair value at $1.04 and probably fully prices in:
* further acquisitions with the new debt facilities
* additional pro-rata EBITDA from FY16 acquisitions contributing to FY17 results.
I sold my position earlier today for a 2x return in a little over a year.
GLTAH
Ann: Appendix 4E and Annual Report-AMA.AX, page-9
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