AMA 1.67% 5.9¢ ama group limited

nice article in todays australian, page-3

  1. 336 Posts.


    http://www.theaustralian.com.au/business/companies/how-a-spray-painter-put-gloss-on-a-company-heading-for-the-wall/story-fn91v9q3-1226454494826


    This explains who was buying :D

    "Veteran Melbourne stockbroker Hugh Robertson, from boutique firm InvestorFirst, last week summed up the AMA story in simple terms after a meeting with Malone: "Debt is going down at a fast rate, profit is rising at a faster rate, and the outlook for the whole group is very positive for the next few years," Robertson said in a note to clients."

    "AMA ... is poised to deliver its second consecutive year of solid profit growth, and revenues in excess of $50 million."

    "... the company also has significant tax losses that it can call upon for the coming years."

    ""We have gone from $22m at the start. The debts are down below $10m now.""

    "Our medium-term plan is to focus on organic growth," he says. "We've had some record months this year. We want to continue to deliver what we promise."



 
watchlist Created with Sketch. Add AMA (ASX) to my watchlist
(20min delay)
Last
5.9¢
Change
-0.001(1.67%)
Mkt cap ! $286.9M
Open High Low Value Volume
6.0¢ 6.1¢ 5.8¢ $126.4K 2.136M

Buyers (Bids)

No. Vol. Price($)
6 729133 5.8¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 359639 4
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
AMA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.