AMA - Buy ?, page-13

First 13 Last

Share
Profile

Follow
bensterz

1,787 Posts.

2

29/02/16

00:48

Post #: 17138586
Share

Originally posted by Stefanof ↑

Bernsterz,
your 100% correct on the dividend, quite often companies make me cringe when you know they can add value to the company by reinvesting in growth, I need to remind myself about that when holding all shares to see if they are in a position to pay it.
As with contacting them and receiving a satisfactory reply don't hold your breathe I've been trying for two months and have given up.
The only reason I've researched AMA is a conservative broker I know attended an investor meting last year and completely loved it and promoted AMA and Ray Malone strongly, adding weight to the recommendation is he personally bought alarge position in the high 90s but time and time again I'm coming up against information that doesn't seem to justify the SP .He is already down a considerable amount since his recommendation.
Example AMA paid higher premiums for Gemini 7.5 x and approx. 4 x for the previous business's
My explanation for this is Andy Hopkins and his twin brother are master business builders and skilled negotiators of the highest calibre. You see they built Gemini up before in the UK and sold to Nationwide and kept the name. Now as we speak he is building up Gemini again in the UK .The methods they use remind me of a private equity firm tarting a company up and off loading it after its already run past its best. The Hopkins are just simply brilliant and their ability at timing when to enter and leave is superb. Most business's the Hopkins bought into Gemini were on the rocks one example was the purchase of Platinum Collision Centres who they picked up for next to nothing after they were liquidated.
My point is I'm starting to believe the Hopkins and early shareholders are the biggest winners here , I know Hopkins has performance targets to meet to gain the full amount of the deal but either way he has already done well.
The broker I know will attend their next meeting and will be asking questions that truly need to be answered

Expand

I'm thinking of it from the point of view of 'don't ask, don't get.'

If I don't get satisfactory answers and decide to sell then even at these SPs I have made a decent return from a one year investment.

Question you might be able to answer though: if Andy Hopkins is the CEO of the smash repair business within AMA as well as on the board - how does he have time to be amalgamating a new business in the UK and meet his (presumably full time) obligations with AMA? Are you able to shed any light on this please?
1 Upvote

0 Great analysis

Reply

Top Stories

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

PFE

Pantera begins drilling of maiden test well at Smackover

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

There are more pages in this discussion • 24 more messages in this thread...

First 13 Last

Add AMA (ASX) to my watchlist

(20min delay)
Last 5.9¢		Change -0.001(1.67%)		Mkt cap ! $282.1M

Open	High	Low	Value	Volume
6.0¢	6.1¢	5.8¢	$344.1K	5.870M

Buyers (Bids)

No.	Vol.	Price($)
8	612615	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	496875	1

View Market Depth

No.	Vol.	Price($)
7	572615	0.057
3	80714	0.056
5	902727	0.055
4	116374	0.054
2	500000	0.053

Price($)	Vol.	No.
0.059	496875	1
0.060	300000	2
0.061	163934	1
0.062	250000	1
0.063	158746	1

Last trade - 16.10pm 07/11/2024 (20 minute delay)

AMA (ASX) Chart

AMA - Buy ?, page-13

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Pantera begins drilling of maiden test well at Smackover

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

AMA - Buy ?, page-13

Top Stories

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Pantera begins drilling of maiden test well at Smackover

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News