AMA could learn a lot from the Quinns who turned around Darrell Lee and now bought Sara Lee.
“We have been shackled … across the last two years,” said CEO Mackaness. “We had an ownership structure who borrowed a significant amount of debt to buy the business, so instead of investing in innovation, we were paying interest to banks in an interest rate-rising market.”
Having banks telling you what to do when their real only interest is loading you with debt so they can bleed a business dry is the worst thing.
I would rather no dividend and get the parasites down to a level where covenants aren't the CEOs worry.
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Last
6.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $301.3M |
Open | High | Low | Value | Volume |
6.2¢ | 6.3¢ | 6.0¢ | $114.5K | 1.881M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16392 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 969502 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16392 | 0.061 |
1 | 40000 | 0.060 |
2 | 1178169 | 0.059 |
2 | 16707 | 0.058 |
1 | 61403 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 969502 | 6 |
0.064 | 1125254 | 7 |
0.065 | 2771630 | 7 |
0.066 | 200000 | 1 |
0.067 | 454320 | 2 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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AMA (ASX) Chart |