Right…….as usual amp have applied more spin in their headlines than a leggies googly. If you look at the numbers you can see…..
1, Revenue that matters is down $40m.
2. Expenses that matter like employee cost and technology are up. Only project costs being just about halved have brought total costs down.
3, underlying npat amp’s preferred measure - except for the headline - is only up 6.25% due to the platform and this is up due to the north guaranteed product producing higher profit based on a good year on the markets. This is a one off. Without this npat would have been down.
4. as expected the advice division is so far off breakeven it is laughable. At the current rate of progress - as it gets harder - it will be 2030 before they reach it, And when things get hard, amp gives up and exits.
These are not good results. As soon as I saw that Debra started her note talking about culture, I knew the detailed numbers were going to be poor.
- Forums
- ASX - By Stock
- AMP
- Ann: Appendix 4E & 2023 Annual Report
Ann: Appendix 4E & 2023 Annual Report, page-2
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.08 |
Change
0.000(0.00%) |
Mkt cap ! $2.866B |
Open | High | Low | Value | Volume |
$1.08 | $1.09 | $1.07 | $7.113M | 6.622M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 153606 | $1.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.08 | 244967 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 39460 | 1.070 |
17 | 367365 | 1.065 |
19 | 386022 | 1.060 |
5 | 687869 | 1.055 |
10 | 259739 | 1.050 |
Price($) | Vol. | No. |
---|---|---|
1.075 | 165620 | 6 |
1.080 | 383309 | 17 |
1.085 | 278679 | 10 |
1.090 | 421614 | 16 |
1.095 | 414824 | 14 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.07 |
  |
Change
0.000 ( 0.23 %) |
|||
Open | High | Low | Volume | ||
$1.08 | $1.09 | $1.07 | 1381827 | ||
Last updated 15.59pm 07/06/2024 ? |
Featured News
AMP (ASX) Chart |