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$1.12 amp limited

Ann: Appendix 4E & 2023 Annual Report, page-9

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GarfMate

251 Posts.

104

14/02/24

10:20

Post #: 72396880
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Originally posted by Squeaks: ↑

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.

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Yea and you have such a solid grasp on everything so quickly. Such a big brain you have haha

AMP Price at posting: $1.05 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.12		Change 0.040(3.70%)		Mkt cap ! $2.939B

Open	High	Low	Value	Volume
$1.09	$1.12	$1.08	$17.27M	15.62M

Buyers (Bids)

No.	Vol.	Price($)
4	137210	$1.12

Sellers (Offers)

Price($)	Vol.	No.
$1.12	497098	53

View Market Depth

No.	Vol.	Price($)
2	23152	1.115
5	188445	1.110
3	104000	1.105
4	54394	1.100
2	31926	1.095

Price($)	Vol.	No.
1.120	481939	46
1.125	68978	6
1.130	171893	15
1.135	46788	3
1.140	228977	10

Last trade - 16.10pm 24/06/2024 (20 minute delay)

AMP (ASX) Chart