Australia's largest stock trading and investment forum Australia's #1 stock forum

AYS

Click for more information

0.00%

21.0¢ amaysim australia limited

I agree with this sentiment seeing the shares hit 77.5 now. When...

First 18 Last

Share
Profile

Follow
nicleeson

2,352 Posts.

73

19/01/21

15:01

Post #: 50278027
Share

Originally posted by Schmucky: ↑

I probably wouldn't say WAM is undervalued... It is trading its overvalued scrip for control of AYS's franking credits. The premium could dissappear in a heartbeat if a bigger player such as Langfirst started selling their WAM shares once they got them. They want their cash and as a foreign entity its unlikely the franking credits will be any use to them hence why they are willing to take the WAM offer. I feel they are going to sell hard and sell fast... This only makes sense for current WAM shareholders, sell WAM and buy AYS for a lower entry. For arb funds, this is probably a no go.

Expand

I agree with this sentiment seeing the shares hit 77.5 now. When you think about how the WAM premium could deflate when the AYS holders start selling, there is not as much return here that may appear on the surface.

Those buying at the open 73 fair enough well played. Now not so compelling.

AYS Price at posting: 77.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

FFM

Firefly positioned for copper growth in Canada ahead of resource update

There are more pages in this discussion • 35 more messages in this thread...

First 18 Last

Add AYS (ASX) to my watchlist