AMO 5.56% 19.0¢ ambertech limited

Concur with your comments but the dip had aleady been clearly...

  1. 2,396 Posts.
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    Concur with your comments but the dip had aleady been clearly articulated and the drop in the divy was expected. Personally I though we would at least get .01c but thats life.

    Consider the following

    The top 3 shareholders own 43% ( interesting to see if the bought more stock)
    The top 20 own 70.3%

    Underlying business growing , delayed project time lines now easing.
    Stock availability has impacted margin now receded.
    Reduced reatil primarily in retail due to stock avainability and project delays
    Significant stock arrivals in December due to late deliveries and upcoming project requirements. Expect improved numbers in 2nd half.
    Recent projects $12.5m over 5 years $1.3m due in 2nd half FY23 plus major law enforement contract of $2.2m
    plus several upgrades in broadcasting systems. This should give things a kick along.

    Some of the problems that occured during this half were outside AMOs control.

    Strong start to 2nd half plus stronger margins.

    Personally I munched away today and will continue to following my conviction on this one and top up as time progresses.


    DYOR




 
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