AMP 0.00% $1.33 amp limited

There is such excitement and expectation about $1 by Xmas. And I...

  1. 3,699 Posts.
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    There is such excitement and expectation about $1 by Xmas. And I agree with the expectation.

    What I don’t get is the excitement. $1 is the SP only 3 weeks ago, before the good news about the bolr CA settlement and the announcement about a digital bank project. And of course info about bank margin decline.

    Performance of the business and the leadership team is in decline. Any real improvement in SP will come from a sale of all assets or a replacement of the team.

    From an already low level, the SP has dropped 20% since Lexi took over. And this is with the booster of BBs which many here think boost the SP.

    I remain a holder in the hope that at the next agm there is a spill of the board resulting in a change of leadership and strategy. If you have any doubts about the current team failing, just look at the SP trend vs the NTA of AMP. They have destroyed value.
 
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