ama poor results

[blarney]

Looks like steinhoff had a lucky let off here

[#2]

Wonder if they are going to amend the BUY+ rating after this? AMA dropped 7% today.

[blarney]

The AMAP Board was advised on 11 April 2007 by two of its major shareholders that, whilst they support the rationale for the acquisition, they are not in favour of the relative valuation metrics and that they would only support the acquisition if Steinfurn was acquired at a substantial discount to AMAP's rating. Advised no doubt by their two I-net broker affiliates whose insightful analysis made AMAP a screaming buy. Perhaps its time to go back to STEINFURN and beg for takeover talks to be resumed. It sure don,t look as if AMAPS have a great future without a sideways shift.