AMA 3.28% 5.9¢ ama group limited

ama acquisition

  1. 80 Posts.
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    This all looks very good indeed. Until now, the only question mark hanging over AMA has been that of how to grow the business, as excellent as it is. The company has had the funds to pursue an acquisition for almost a year but has been biding its time, waiting for exactly the right opportunity. They don't need growth for growth's sake - that was what ruined the former incarnation of Allomak. Now that we appear to have the proper acquisition, growth will get a boost and the company's balance will be improved. The fact that Ray Malone is due to address the Small Cap conference tomorrow is excellent timing. The trading halt should be lifted by Thursday and then we'll likely see the announcement of an AGM date, I guess for the end of November. All of this portends very well for AMA and should help it up to the next phase in its already resurgent life.
 
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