the problem is that without an unusually large increase in pricing from Suncorp on Capital Smart, to catch-up on what AMA was forced to miss out on over the past 4 years, any refinancing will be unusually onerous, like the rumors in the press stated, something about private credit with equity warrants attached, which would be outrageous.
so, if the new CEO is as weak as the last CEO, and if the new board is as spineless as the last board, and Suncorp gets away again with just a modest bump up in pricing, then sure, the share price might rise a bit from here, but real fairness, real justice for AMA's long suffering shareholders, will have been lost again for another year.
The Suncorp / Capital Smart repricing and the refinancing go hand-in-hand. AMA needs a normalized EBITDA margin which would allow for a normal (non-distressed) refinancing package. If Suncorp denies AMA that, it should be the last straw and I think legal action then becomes an absolute necessity.
- Forums
- ASX - By Stock
- Ann: 3Q24 Quarterly Cash Flow and Activities Report
the problem is that without an unusually large increase in...
-
- There are more pages in this discussion • 7 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
(20min delay)
|
|||||
Last
4.9¢ |
Change
0.004(8.89%) |
Mkt cap ! $88.51M |
Open | High | Low | Value | Volume |
4.6¢ | 5.0¢ | 4.6¢ | $79.24K | 1.685M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 305646 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 59999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 305646 | 0.047 |
3 | 147962 | 0.045 |
6 | 553843 | 0.044 |
5 | 2177723 | 0.043 |
6 | 281419 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 59999 | 1 |
0.050 | 350546 | 5 |
0.053 | 100000 | 1 |
0.054 | 100000 | 1 |
0.057 | 182631 | 2 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
4.8¢ |
  |
Change
0.004 ( 6.67 %) |
|||
Open | High | Low | Volume | ||
4.5¢ | 4.8¢ | 4.5¢ | 252935 | ||
Last updated 15.38pm 21/05/2024 ? |
Featured News
AMA (ASX) Chart |
The Watchlist
AUQ
ALARA RESOURCES LIMITED
Stephen Gethin, Non-Executive Director & Chairman
Stephen Gethin
Non-Executive Director & Chairman
Previous Video
Next Video
SPONSORED BY The Market Online