There is such excitement and expectation about $1 by Xmas. And I agree with the expectation.
What I don’t get is the excitement. $1 is the SP only 3 weeks ago, before the good news about the bolr CA settlement and the announcement about a digital bank project. And of course info about bank margin decline.
Performance of the business and the leadership team is in decline. Any real improvement in SP will come from a sale of all assets or a replacement of the team.
From an already low level, the SP has dropped 20% since Lexi took over. And this is with the booster of BBs which many here think boost the SP.
I remain a holder in the hope that at the next agm there is a spill of the board resulting in a change of leadership and strategy. If you have any doubts about the current team failing, just look at the SP trend vs the NTA of AMP. They have destroyed value.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 287 | $1.44 |
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Price($) | Vol. | No. |
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5 | 13569 | 1.340 |
1 | 18736 | 1.335 |
2 | 27299 | 1.330 |
2 | 42965 | 1.325 |
Price($) | Vol. | No. |
---|---|---|
1.260 | 495 | 1 |
1.265 | 7768 | 3 |
1.300 | 7034 | 4 |
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1.330 | 51492 | 5 |
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