Disturbing article in the AFR this morning asserting AMA have called in investments bankers to advise on growth strategy. They allude to growth coming though acquisitions/mergers & are scoping was of funding. That's disappointing that they need bankers to formulate strategy, that's the role of the board & management should be capable of executing it without having to go out and be led by bankers that will of course recommend & subsequently be given mandates to raise capital for 'growth'.
I thought better of this company and had high hopes that CB would sweat the assets they have accumulated & hoped that incremental growth would come through better management of assets & small bolt on acquisitions. Looks like they're preparing the bazooka for a sizeable target. The last raising was what, well north of $1? they paid thru' the nose for it under the guise of 'growth'. See it time and again where the executive can't adequately grow a business, get in 'strategic advisors' and they make overpriced acquisitions to hit their KPI's and then get a windfall. Sitting on a small loss here but have no confidence now going forward, the business should be cracking along and it feels like a rudderless ship.
- Forums
- ASX - By Stock
- AMA calls in bankers to mull options
Disturbing article in the AFR this morning asserting AMA have...
-
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMA (ASX) to my watchlist
|
|||||
Last
5.1¢ |
Change
0.002(4.08%) |
Mkt cap ! $90.32M |
Open | High | Low | Value | Volume |
4.8¢ | 5.2¢ | 4.7¢ | $708.7K | 14.30M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 800250 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 500000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 790750 | 0.050 |
2 | 795114 | 0.049 |
8 | 1799984 | 0.048 |
6 | 3909025 | 0.047 |
8 | 2727591 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 838056 | 4 |
0.053 | 245000 | 2 |
0.054 | 200000 | 1 |
0.055 | 700000 | 2 |
0.056 | 200000 | 1 |
Last trade - 15.27pm 26/07/2024 (20 minute delay) ? |
Featured News
AMA (ASX) Chart |