AMP 1.35% $1.10 amp limited

Possible takeover by Macquarie Bank, page-121

  1. 351 Posts.
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    https://www.investordaily.com.au/markets/44619-amp-wealth-earnings-predicted-to-plunge

    https://hotcopper.com.au/data/attachments/1473/1473929-96fb39030183cb1f7b1bd2408c1031fd.jpg

    Take it for what it's worth (the article in the link) but I've revised down the wealth earnings for FYE19 per their estimates and kept the PE of 12 'flat' across all 3 divisions (which I think might be slightly high for wealth - and possibly for bank...but low for capital). Not including the $0.25-0.30 capital return (hope you're figure of $0.2 is incorrect@Squeaks but maybe you'll be proven correct) nor the NZ business to also be spun off at some stage and earned c. $57m for the group per the FYE18 figures (so potentially another $0.2-0.3).

    Financials did well overnight so will be interesting to see if AMP can achieve a 2%+ gain today.
 
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