AMA 0.00% 6.6¢ ama group limited

Hi SaragianI noticed with great interest the following after...

  1. 137 Posts.
    lightbulb Created with Sketch. 23
    Hi Saragian

    I noticed with great interest the following after market late trade in AMA when there were no sellers in sight at the end of normal trading and at a time when the shares last traded an hour earlier at 95.50 cents -

    AMA Late Trade 07/03/195:03:08 PM         0.0095   228,848                 2,174.056             Chi-X       Late Trade

    So I asked myself why would somebody sell 228,848 shares to somebody else at less that 1 cent per share when the shares are trading at 95.5 cents? 

    You then look at the following trading pattern and you may well have your answer -  

    Please open this pdf file AMA Interesting Trading Patern Motive.pdf

    Why would there be hundreds of individual trades of 1 share at a time be getting done if not to drop 1 share in for sale a lower price than the last trade in an attempt to hold down the share price thus trying to lure sellers into thinking there is a lot of selling pressure so they should sell their shares
    .
    And if you happened to have bought 228,848 shares after market last night at less that 1 cent per share (see above) you can repeat the 1 share at a time sales as seen in the above attached pdf file for another 228,848 separate occasions so that the big boys can get your shares cheaply, In my opinion.

    I think you will be able to draw your own conclusions from the activity and trading patterns demonstrated above.

    GLTA - and don't give up your AMA shares cheaply with UBS have a BUY recommendation with a price target of $1.35.



 
watchlist Created with Sketch. Add AMA (ASX) to my watchlist
(20min delay)
Last
6.6¢
Change
0.000(0.00%)
Mkt cap ! $286.9M
Open High Low Value Volume
6.4¢ 6.7¢ 6.4¢ $20.51K 310.3K

Buyers (Bids)

No. Vol. Price($)
5 103314 6.5¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 430844 3
View Market Depth
Last trade - 13.28pm 25/11/2024 (20 minute delay) ?
AMA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.