Hi I haven't been following AMP for a while.
This sounds like both an opportunity and a risk.
Does anyone know how much AMP has already provisioned if any for this?
Secondly how many potential claimants are there? The class action represented just to claimants. Obviously there are far more claimants waiting for the court judgement.
Therefore total exposure would be average claims amount x no of claimants.
Interesting times.
Effect of Buyer of Last Resort class action proceedings
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$1.10 |
Change
-0.015(1.35%) |
Mkt cap ! $2.873B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.12 | $1.09 | $10.08M | 9.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 361347 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 99874 | 6 |
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