Ann: AMA Group Board and Business Update, page-4

For mine, this is a significant step forward.

- Debt reduction circa +$47m
- EBITDA (Pre AASB 16) improvement once ACM is divested of $3.1m
- Reduction in directors fees and a smaller more nibble board
- Eliminating centralization
- Refinancing looks like its almost done! Should be announced before end of August
- Removal of a potential Cap Raise (most likely)

If this doesn't put a rocket under the SP, I don't know what will.

Great news!

This didn't come over night so Alex shouldn't get the glory for this. It would also explain why the board resigned so quickly. They had done some good work it appears!