1. Most Discussed
  2. Gainers & Losers
ANM 5.5¢

ceo's response

  1. We've all been wondering for a while now why the deferred shares of anmna are trading at a discount when they should be selling for 12.8 cents above the shares.

    Well its been put to CEO Rod Sharp and it shows we're not the only ones wondering.
    This came out yesterday,

    corporatefile.com.au:Why are the DES currently trading at a discount to the ordinary shares?

    CEO Rod Sharp: AMC's directors, advisors and management, and I'm sure the DESholders, continue to scratch our heads about that. As you know,
    there's still 12.8 cents in distributions payable on the DES, which is backed by the Queensland Government. So we can't understand why the DES would trade at a discount to the fully paid ordinary shares.
    One reason might be that the DES are thinly traded and day traders may impact the market. The larger investors I've spoken to are taking
    a medium to longer term view of the company.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top