Leaving aside Dexus' comments about AMP having incompetent management (not a new story)...What this move flags is that there is significant value in the underlying AMP Capital's underlying funds which are not reflected clearly the stock price.
The move to 50/50 JV could work, further building scale and reducing costs - see CLAMP JV benefits. The fund could be one of the biggest australian property fund providing clients with scale, wider footprint, and optionality benefits given the larger more diversified portfolio.
Ann: AMP announces portfolio review, page-125
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Last
$1.30 |
Change
0.020(1.56%) |
Mkt cap ! $3.328B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.29 | $1.683M | 1.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 295007 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 276975 | 42 |
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