Good question and we should know what the covenants are we do with North American listed companies for example Boyds auto body their loan covenants require them to be operating with a profit margin and loan serciceability to be within a percentage of that margin in which they were given some leeway during covid but still had to be opearating in the black,AMA we know nothing. By the way Boyds has managed to pay down some debt while still expanding and they don't enjoy the same monopoly as AMA over here they have good providors but still have to fight for work and also had to increase pay by 30%.They could hit trouble when their acquistions stop thats the issue with AMA its a acquisition model and that has stopped We are at a point now where good news has to come out even a genuine breakeven will be bullish but within that breakeven money owed to suppliers has to be stable. Just be aware other players have snuck in its not like it was 5 years ago
AMA Price at posting:
12.0¢ Sentiment: Sell Disclosure: Not Held
