After 7 years of trying to pick the best telecom and media stocks on the ASX, listed investment company Amcil was liquidated. Amcil, which was backed by broking firm J B Were called quits last year after the implosion of the dotcom sector...Please read on :-
http://www.smh.com.au/articles/2003/07/30/1059480409017.html
Fair enough, but now a director of AFI, Mr B B Teele has bought back into AMH and now owns 1,353,659 shares!
Meanwhile, other J B Were associated companies DJW and AFI have also bought AMH. DJW now own 10.51% and AFI 9.16%
I now discover that since the windup announcement a number of approaches have been made to acquire the Companies listed shell.
Does anyone know what plans are afoot?
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