$2.00 party 1st July, page-41

I think;

• About $50m-$100m underlying profit for the second half of 2020 and possibly a net loss for this half
• Class actions will be strung along for years by AMP and AMP will settle them on the steps of the courthouse before they have to be aired publically
• The breakup and sale process will probably stall because there are no serious bidders for anything other than AMP Capital
• If the breakup stalls then the "rebuilding" strategy will probably continue at a glacial pace
• Profit will continue to slide and should bottom out at around $150-$200m underlying profit after which they might start to regrow
• I cannot see new clients entering AMP too willingly so I wouldn't be surprised to see some rebranding of the various divisions
• ASIC will probs keep putting pressure on AMP whilst not proceeding to full criminal or civil action (if they haven't done it by now they probably never will
• Advisers and clients will keep running for the door
• The business does have upside potential but for whatever reasons AMP board and management dont seem to be leveraging that.