"Veteran Melbourne stockbroker Hugh Robertson, from boutique firm InvestorFirst, last week summed up the AMA story in simple terms after a meeting with Malone: "Debt is going down at a fast rate, profit is rising at a faster rate, and the outlook for the whole group is very positive for the next few years," Robertson said in a note to clients."
"AMA ... is poised to deliver its second consecutive year of solid profit growth, and revenues in excess of $50 million."
"... the company also has significant tax losses that it can call upon for the coming years."
""We have gone from $22m at the start. The debts are down below $10m now.""
"Our medium-term plan is to focus on organic growth," he says. "We've had some record months this year. We want to continue to deliver what we promise."
AMA Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held
