Australian (ASX) Stock Market Forum

AMM - Amcom Telecommunications

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mrthong said:
SP did drop accordingly. purchased them at .34 the other day. now they're .26 each. :( i purchased before the ex date that means ill be receiving some iiNET shares right? im still new to trading. :D
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You are better off today than yesterday. The share price didn't drop accordingly. It dropped less than it should.

Yesterday AMM was 33.5c, and your 10,000 shares worthed $3,350.

The distribution is 440 IIN shares for each 10000 AMM shares. 440 IIN @ $2.2 each is worth $968, while 10,000 AMM today is worth $2600. So in total today you own $3568 worth of shares. An almost 7% gain.
 
skc said:
You are better off today than yesterday. The share price didn't drop accordingly. It dropped less than it should.
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Today's low was 0.235 (even though only a few trades went thru at that price) and yesterdays close was 0.335 so at-least for a couple of minutes the SP did indeed drop accordingly.

31 million IIN shares worth about (depending on what price you use) $67.5 > 71 million

AMM Market cap at 0.235 CPS = $168453424 and @ 0.335 CPS = $240135732 so a MC difference of $71.6 mill for the opening 2 or 3 minutes.

My order didn't get filled. :(
 

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looks very promising. any idea when we receive our iiNet shares? i bought AMM shares before aug 11. they also changed the final dividend payout from oct 3 to oct 4.
 
Hi there,

Does anyone knew what going to happen with current holding? I mean the AMM share that I am holding which is around 8000 shares. At the end of the consolidation, how many AMM share I will be holding?

Cheers
Andrew
 
etingsoon said:
Hi there,

Does anyone knew what going to happen with current holding? I mean the AMM share that I am holding which is around 8000 shares. At the end of the consolidation, how many AMM share I will be holding?

Cheers
Andrew
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3-for-1 consolidation so 2666 or 2667. Not sure they round up or down.
 
Amcom distributes new holding statements to Shareholders sept 5th. next monday we will be able to trade again.
what does it mean by "Last date for registration of transfers on a pre-Consolidation basis" ? do i have to register or something? i dont see any registering forms.
 
mrthong said:
Amcom distributes new holding statements to Shareholders sept 5th. next monday we will be able to trade again.
what does it mean by "Last date for registration of transfers on a pre-Consolidation basis" ? do i have to register or something? i dont see any registering forms.
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You don't have to do anything...i think it means that the 29th was the last trading day on a pre consolidation basis, so like it was T+3 or ex-div day.

And you can trade your Amcom shares under the temporary code AMMDA (deferred settlement) or at-least you could, don't know about tomorrow etc.
 
hey, just received a letter. something to do with ATO confirming tax treatment of the distribution. i done the demerger calculator on the ato website, all it does is just indicate how much the AMM shares are worth after the demerging of AMM and IINET. i no longer have any AMM shares nor IINET shares. sold them weeks ago. :cautious:
 
mrthong said:
hey, just received a letter. something to do with ATO confirming tax treatment of the distribution. i done the demerger calculator on the ato website, all it does is just indicate how much the AMM shares are worth after the demerging of AMM and IINET. i no longer have any AMM shares nor IINET shares. sold them weeks ago. :cautious:
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That letter was about the ATO special ruling..so you can work out your capital base for both stocks if you sold after the distribution...you will need this to calculate your capital gain/loss properly for next years tax return.

I held my Amcom shares and brought more IIN so that my IIN holding was big enough to be an open trade...happy to hold both stocks.

Interesting that in the recent carnage both SP's have held up very well.
 
AMM - good day today but closing off the high in the end so some supply. It will be interesting to see if this one pulls back a little to test the high volume area.

AMM2.png
 
Nice little run up over a couple of days. Looks to be out of puff for the short term. In and out quickly on this one. Will place on my watch list again.
 
pavilion103 said:
Nice little run up over a couple of days. Looks to be out of puff for the short term. In and out quickly on this one. Will place on my watch list again.
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I think sometimes it's worth looking across the sector to see if the stock run is likely to continue.

AMM's peers include MTU, TPM, IIN, TLS, SGT... they are all pushing 52wk highs.

If the whole sector is looking strong, leave the stop a bit wider and see if the trade works out.

If some stocks in the sector start to reverse, then may be a tighter stop is warranted.
 
The Amcom share price continued its upward trend today once again hitting new all time highs, as per an announcement of a few days ago NAB now holds over 7.6% and National Nominees hold over 13% of this little niche Telco...looking at the top 20 holders there is a lot of institutional interest in this little stock.

Personally i continue to hold and now enjoy a gross yield of just under 10.1% PA and have an unrealised profit of 110% with a current average holding price of 0.66 (post consolidation, IInet distribution and cost base adjustment)
:)

4 year chart below.
~
 

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So_Cynical said:
The good news just keeps coming with Amcom, so happy i found this little gem when i did. :) Share price has more than doubled over the last 2 years.

First half investor presentation out today. http://investor.amcom.com.au/IRM/Co...nvestorpresentation1H13resultsanother20growth

  • Cash 25m
  • Debt 9m
  • Cloud to be earnings positive from FY14
  • Expanded partnership with Cisco (Nasdaq CSCO)
~
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Seems to be losing some steam in my opinion, revenue climb by a similar percentage but profit didn't match the percentage and with a 20% growth in earnings but a more than 50% share price growth I think the Stock price might be reaching maturity for the time being, which may be evidenced by the lack of reaction from the market.
 
clowboy said:
Seems to be losing some steam in my opinion, revenue climb by a similar percentage but profit didn't match the percentage and with a 20% growth in earnings but a more than 50% share price growth I think the Stock price might be reaching maturity for the time being, which may be evidenced by the lack of reaction from the market.
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Agree somewhat...i certainly wouldn't be buying at this level, my average price is 64 cents, certainly wouldn't be buying after today's 5.94% SP rise.
 
Amcom has received a "proposal" from Vocus (VOC) ~ some sort of scrip only merger at this point.

http://www.asx.com.au/asxpdf/20141027/pdf/42t666zfnp0vqh.pdf

I had a look at Vocus a few months ago and thought at the time that they were very similar businesses, VOC east coast focused and Amcom the other half of the country...a tie up does make some sense.

.........

Pure dumb luck that i took a new small AMM position just last week when the SP once again touched 1.89 ~ the SP just kept bouncing of that level and i had the money so after watching for oh so long...still holding a largish position from 2011 @ 64 CPS.
 

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