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Roy2UNot disagreeing that the update was very good, but remember...

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SteveSage

2,960 Posts.

1117

21/01/21

11:43

Post #: 50336167
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Originally posted by Roy2U: ↑

It is now 2 weeks since the 7 Jan 2021 market update. The last closing price before that update was 98cents. It is now at the time of writing back to 98 cents after getting as high as $1.12 the day of the announcement. I want to re-cap on how good this update was:

1H21 sales guidance of $28M+ set about 5 weeks earlier was exceeded by $4.6M or 16%;
Sales momentum accelerated in the later months of 1H21;
AMS will be EBITDA and Cash Flow positive in 1H21;
AMS is the only company with monitor/recorders with Apple ProRes Raw (8 camera makers);
Entertainment sales to accelerate in 2H21 from $1M of initial sales of Neon range;
Cost control continues to meet guidance.

IMO, the big yawn in the share price post this update indicates a rare market pricing mis-match. The above guidance beating news indicates that AMS is performing much better in all respects than the market gives it credit for.

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Roy2U
Not disagreeing that the update was very good, but remember that the price has run pretty hard since the start of Nov. I think they will have to demonstrate over the next 6 months reasonable growth (revenues, cashflow and pbt) to move the price back to pre-covid levels.
AMS Price at posting: 97.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $47.33M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.9¢	$8.821K	226.1K

Buyers (Bids)

No.	Vol.	Price($)
1	18319	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	18319	0.039
2	86315	0.038
6	497292	0.037
3	1302277	0.036
6	326288	0.035

Price($)	Vol.	No.
0.040	100000	1
0.041	23333	1
0.043	47590	1
0.044	187822	1
0.045	263529	2

Last trade - 16.10pm 29/08/2024 (20 minute delay)

AMS (ASX) Chart