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

AMA ECL LGD

CMI got rid of their 4WD (TJM) business in March this year.

First 5 Last

Share
Profile

Follow
DZIRED

12 Posts.

25/08/15

13:26

Post #: 15871127
Share

Originally posted by bottomfeeder1 ↑

Interesting for an Activist fund like TOP to show up on a register of a business such as AMA. AMA is well run, what can an activist bring to the table????

I have my suspicions!!!!

The following is my conspiracy theory;

TOP are now a major holder of AMA, they are also indirectly a major holder of LGD.

LGD also made a recent announcement that they are positioned for growth.

Now if I bring say CMI into the picture what are the opportunities?

CMI has an electrical business - Nice fit with LGD (they have looked at it in the past)
CMI has a 4WD business thats struggling - Nice fit for a turn around in AMA

CMI updated in May that the board was looking for a strategic solution to extract value from TJM, why not an in specie's distribution??? The same can be said for the electrical business.

If this can come to fruition than AMA and LGD become much larger businesses with a potentially big re-rating which all shareholders CMI, TOP, AMA and LGD can achieve.

My view, watch this space, who knows TOP may pop up on CMI's register shortly!

Expand

CMI got rid of their 4WD (TJM) business in March this year.

CMI Price at posting: $1.55 Sentiment: None Disclosure: Not Held

LGD Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held

AMA Price at posting: 60.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RCE

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

COD

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

CC9

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

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 • 1 more message in this thread...

First 5 Last

Add AMA (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change 0.000(0.00%)		Mkt cap ! $286.9M

Open	High	Low	Value	Volume
5.9¢	6.1¢	5.9¢	$392.4K	6.560M

Buyers (Bids)

No.	Vol.	Price($)
2	508474	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	2687156	4

View Market Depth

No.	Vol.	Price($)
2	508474	0.059
1	86206	0.058
3	910000	0.057
8	740431	0.056
4	520276	0.055

Price($)	Vol.	No.
0.061	2687156	4
0.062	730000	3
0.063	407468	5
0.064	986838	7
0.065	560142	8

Last trade - 16.10pm 03/10/2024 (20 minute delay)

AMA (ASX) Chart