Telcos are like ISP's. If they can't be beaten - they get bought out. Amaysim are doing something right - they have taken quite substantial market share and someone will want them back. People are either lazy or loyal when it comes to phone plans, buying clients is far easier and quicker then "luring" them with deals.
Unless we start seeing that Amaysim have lost 40% of their client base, this overselling on Friday will be a blip on an otherwise good SP track record for AYS. Price will return to near averages this week, way too cheap to be ignored. As mentioned in earlier posts - huge buy orders were taking place at low levels by instos; expect a bug bounce in coming day . Very happy to have got in at these prices
AYS Price at posting:
$1.55 Sentiment: Buy Disclosure: Held
