AYS amaysim australia limited

This looks sad. Mobile is stagnating and despite some margin...

  1. 474 Posts.
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    This looks sad. Mobile is stagnating and despite some margin improvement in the energy business there's hardly any subscriber growth. So much for the praised diversification strategy into energy that was supposed "to enable amaysim to deliver growth". 
    To top it all they are now issuing 84.33m shares at $0.60 representing a dillution of 40%. The reasoning sounds visionless and desperate to me:

    "We are raising new capital to support investments that will enable us to accelerate the execution of our longer-term strategy. We believe there is clear opportunity for amaysim to be the customer champion in energy in the same way we are in mobile and deliver a great customer experience and value to our significant subscriber base, while also maximising long term shareholder value."

    Given the numerous failed strategies so far (broadband, devices, energy) I don't think I should subscribe to the entitlement offer.
 
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