AMA 1.96% 5.2¢ ama group limited

Strong Day today, page-14

  1. 656 Posts.
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    Understand but I was putting in the consideration of paying down a debt obligation which is not in yo ur figures there,AMA also partly payed down debt before the sale.The ACAD sale seems to be executed because of a loan covenant obligation and the 12-14 mill was the residual.Perhaps if AMA come out and said we had to sell ACAD because of obligations to pay X amount it would make sense.
    I know the Covid has hit hard but last year they stated after June all operations were operating well but if you take jobkeeper out and the 12-14 mill one off they have been being struggling with profit.
    Saying that I mentioned these very things to a fund manager and he said no there's nothing but blue sky ahead and he can only see upside .




 
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