I have looked at the numbers in the report and both the negative and optimistic views people have if them.
It is hard to find much if any good news. Even the good news is in part bad news. For example, that they will now focus on transforming all but AMP Capital is good and bad.
The claims put forward by the company about things transforming are not backed up by the numbers. They claim costs are being saved but the numbers say otherwise. The Capital position has weakened when you look at gearing and the surplus capital and allow for $200m buyback. They claim remediation is 80% done but there is $500m left to spend which is over 50% of the money.
Why the board waited until now to tell us that the ARES bid was now AMP Capital only will be open to scrutiny.
These are poor results.
AMP 2020 results - Weak numbers just about all around
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Last
$1.10 |
Change
-0.010(0.90%) |
Mkt cap ! $2.982B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.11 | $1.09 | $15.00M | 13.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 30797 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.11 | 89218 | 3 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$1.10 |
Change
-0.010 ( 1.38 %) |
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| Open | High | Low | Volume | ||
| $1.11 | $1.11 | $1.09 | 1434950 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| AMP (ASX) Chart |