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AYS - amaysim Australia

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Trav. said:
Looking for a pull back after being potentially oversold
Click to expand...
So far no luck with a new all time low reached today of 43 cents, the stock having lost half its value since a recent high on the 16th of July.

Where the bottom sits I won't claim to know.
 
Smurf1976 said:
So far no luck with a new all time low reached today of 43 cents, the stock having lost half its value since a recent high on the 16th of July.

Where the bottom sits I won't claim to know.
Click to expand...
Yes I think the telecommunications space, is a hard place to make a profit ATM, a number of players will exit the market IMO. There is only so much money, you can squeeze out of a population of 25m.
I personally think Telstra, when it gets back to $2.80, is my choice.
 
AYS came up in my weekly scan when I ran it on Tuesday.
I like to have a look early in the week for candidates to watch during the week but I am usually reluctant to enter that early.

A lot can happen between Tuesday and Friday and seems to be a lot happening on AYS so far this week.

(click to expand)
 
That is an interesting one Boggo, by your chart they have been on the slide well before the current crash, it will be worth watching to see who has bought in.
 
sptrawler said:
That is an interesting one Boggo, by your chart they have been on the slide well before the current crash, it will be worth watching to see who has bought in.
Click to expand...

Yes, agree. It seems to have been on the slide for a couple of years now.
 
Fwiw, ays came in my daily system and i missed the buy in the open as it jumped straight out of my buy limit

Another time..not a bad company imho..not so sure about the SP..
 
Optus has acquired amaysim's mobiles business in a $250 million cash deal.

Proceeds from the sale of the mobiles business, combined with the $115 million sale of Click Energy to AGL Energy announced in late August, will see between $207.2 million and $225.7 million distributed to shareholders.

This is equivalent to between 67¢ a share and 73¢ a share. amaysim shares closed at 67¢ on Friday.

There will be an additional 11¢ a share from franking credits.

Capital will be returned to shareholders in three distributions.

After the final distribution the company will delist from the ASX and wind up.
 
WAM is offering amaysim shareholders scrip or cash that would be a better outcome than the wind up and payout .... bit only by a bit. 68c or WAM shares (1 WMA for 2.7 AYS) which are trading above NTA and currently priced at 83c

Only thing in it for WAM are the franking credits, I would think
 
I just received my bulletin form IB today regarding the takeover bid.

Does anybody know what the first option of "Take no action" really means? The ticker is going to be delisted as far as I can tell.

Also why would I swap for cash at .7 when they are trading at .8 currently, wouldn't I be better off to sell on market tomorrow morning?

Cheers

 
On April 6th, 2021, amaysim Australia Limited (AYS) was removed from the ASX's Official List in accordance with Listing Rule 17.11, after security holders resolved to remove AYS from the Official List.
 
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