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They just announced Micra as it was material.They now have over...

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Diplaris

63 Posts.

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25/01/16

11:49

Post #: 16863068
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Originally posted by DZIRED ↑

I totally agree with what you're saying, and I believe that they are spending a lot time integrating these businesses. In the Chairman's address from the AGM, he said:
"Our main aim is to slow the acquisition pipeline a little to allow full integration across both the Woods and Gemini businesses and we envisage being seamless by end June 2016 from a systems, process, people and procurement perspective."

The issue that I have is, why there are no announcements made to keep the shareholders informed of these acquisitions.
I'm in the automotive industry but, have nothing to do with AMA other than a shareholder. So I hear and see things that most of AMA shareholders wouldn't and that is a concern. I'm sure every shareholder would like to know where their money is being spent.

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They just announced Micra as it was material.They now have over 70 sites and a much larger annual ebitda.
My guess is the other sites are under materiality or not strategic enough to announce in their own right.AMA could easily grow by 30-40 sites per year and would be announcing every other day.As updates come through we will see where the money has been spent I am sure.

AMA Price at posting: 88.0¢ Sentiment: None Disclosure: Held
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