Do you think it can be turn around or will a competitor wait til it is .01c and buy the business.?
Two things, the SP and business preformance dont seem to be attached to each other and I'm trying to get my head around how it all works.
My best guess is the price has bottomed out and will probably drift to 6-7 cents for a few months, I hope they can spin off the loss makers or perhaps sell the profit centers to clear some of the 150* mill loans. It can't stay in its current format and administration. 4 x stand alone companies (ama1, ama2, ama3 ,ama4) and hold them to account would be a better outcome , or break it up further to city, regional, claims or by insurer even.
At the moment there is way to many ppl hiding. There is plenty of shops that were doing really well and the manager leaves and the shop crumbles. Two ppl need to be removed, the failing manager and the person that put him there.
Im pretty sure there are plenty of business's waiting for an opportunity to grab a small piece of the business if it became available
First thing I'd like to see them do is take the last 2 x 00's off every share holder, so a 1000 shares becomes 10 shares , smaller holdings can either buy up or sell out. Reason? When I'm doing an equation it will fit on my calculator. Just saying
AMA Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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