The AMA Group Limited (ASX: AMA) had made an announcement related to the trading halt of its securities, pending it releasing an announcement. The securities will remain under trading halt as per the decision made by the ASX or the earlier of the commencement of normal trading next Monday,12 November 2018 or any further announcement released in the market.
Kate Kidson who is the principal adviser, Listings Compliance at Melbourne issued a trading halt.
On 8 November 2018, the company wrote an application to Kate Kidson at Australian Securities Exchange requesting a trading halt.
As per the application, the company has requested ASX to grant immediate trading halt in regard to the ordinary shares. Based on the Listing Rule 17.1, the company provides information in which trading is pending till an announcement made by the company in regards to the proposed capital raising, and transactions associated with it. This trading halt will continue till the earlier of the time it makes an announcement in the market and its commencement of normal trading from 9 November 2018. In the application the company has also highlighted that it is unaware of the reasons which prevents the grant of the trading halt or any other information that are necessary in order to inform the market about the trading halt.
The company shows a strong performance since its inception. The performance remain 1210.89% for the entire journey. The I year, 5 years and 10 years performance of the company is -7.07%, 148% and 1863.52% respectively. As per the annual report, for the period ending 30 June 2018, the net profit made by the company is $15.369 million. The total asset of the company is $362.854 million and total liabilities of the company is $191.777 million. This indicates that the company has potential to clear its long term obligations. The current asset of the company is $93.999 million, and the current liabilities is $98.964 million. This indicates that at present the company is not in a position to meets its working capital as well as the short term obligations as the current liabilities are exceeding the current asset. The total shareholders equity of the company is $171.077 million. The net cash flow from the operating activities was $24.474 million. The major cash outflow was due to $462.211 million and the income tax payment done. The net cash used in investing activities was $49.318 million. The major cash outflow was due to the payment made for the purchase of plant and equipment, loans and other investments and the payments made for the acquisition of the business $36.836 million. The net cash inflow from the financing activities was $26.424 million. The net cash and cash equivalent at the end of the year is $16.214 million.
The last traded price of the share is A$0.920 and the market capitalization was A$ 485.47 million with PE ratio 31.4x.
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