I think there is more to the story, why large offshore institutional money managers taking up a decent position on AMA.
Buying at average at 4.5c recently and now at 4.2c
Maybe a buy out offer of some sort at some stage once the Balance sheet etc is sorted and the business is travelling nicely again.
If they are happy to buy in at these levels, what do they think it is actually going to be worth in the near future with revenue at just under
$1 Billion dollars and seems to be improving along with profit numbers etc..
They want a good return on their Investment and looks like they have their eyes on AMA.
As I mentioned recently, I overheard senior management were in the USA recently. WHY?
I think more of this story to play out.. IMHO
IMHO
DYOR
I think there is more to the story, why large offshore...
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Last
4.5¢ |
Change
-0.002(4.26%) |
Mkt cap ! $82.19M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.6¢ | 4.4¢ | $496.8K | 11.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3178719 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 346595 | 10 |
View Market Depth
| Last trade - 14.08pm 22/07/2024 (20 minute delay) ? |
| AMA (ASX) Chart |