You'll also recall that I always stated that pricing AM100 at 95% of AM1 was a poor method.
While you have proven to be a good manager and never stole anything so far AFAIK, which is something I praise, I fail to see how can you honestly repeat this nonsense.
AM100 pays 5% less than AM1, its price should be 5% less than AM1.
Simple math.
Denying math will get you nowhere.
AM1 other pro is that it can be converted to direct shares, while AM100 cannot.
AM100 only pro is that since it's a smaller denomination, you can buy it with leftover change. But holding more than 100 of them makes no sense in any situation.
AM100 makes more sense if you are looking to trade the shares IMO. We have basically seen share price track the dividend since inception, the AM100 shares have offered a great trading vehicle.