A Smashing Stock - 5 Reasons to Own AMA Group (ASX:AMA)
AMA is Australia's leading panel repair business with 63 sites nationally. 1. Defensive Business - Despite technology advances, vehicles crash, hail storms occur and AMA will continue to earn revenue from accident repairs. 2. Blue Chip Clients - The major auto insurers - IAG and Suncorp - pay for the majority of car repairs. And they prefer to be riding along with a corporatised and transparent ASX listed public company. AMA is the only listed player in this $7bn industry. 3. Leading Market Share and Industry Consolidation - AMA had been a speedy acquirer, having integrated 8 significant panel repair businesses in the past 2 years. With over 1,000 businesses operating in this sector, the chequered flag will not be waved for a number of years. 4. Proven Management - Ray Malone has been in the driver's seat with the pedal to the metal for over 7 years, accelerating the market cap from $20m to over $450m. 5. Earnings are Cruising – Normalised EPS in the year to June 16 increased 33%. Link here: (VIEW LINK)
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Dean has over 25 years experience in the funds management industry covering all major asset classes. He holds as Master of Applied Finance and is a Graduate of the Australian Institute of Company Directors.
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Dean has over 25 years experience in the funds management industry covering all major asset classes. He holds as Master of Applied Finance and is a Graduate of the Australian Institute of Company Directors.
Expertise
Dean has over 25 years experience in the funds management industry covering all major asset classes. He holds as Master of Applied Finance and is a Graduate of the Australian Institute of Company Directors.
Expertise
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