IMO the long slow painful death of AMP continues. Revenues for this business still expected to fall. The only thing propping up the share price is the promise of some future distribution of capital back to shareholders. But, what happens when that distribution occurs in the form of a share buy back? It props the share price up for a while but as revenues decline so does the share price.
In summary this is a zero dividend stock with declining revenues. Where to from here?
IMO the long slow painful death of AMP continues. Revenues for...
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Last
$1.11 |
Change
-0.005(0.45%) |
Mkt cap ! $2.968B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.11 | $1.10 | $356.4K | 323.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 222404 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 79297 | 18 |
View Market Depth
| Last trade - 11.07am 13/05/2024 (20 minute delay) ? |
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Last
$1.10 |
Change
-0.005 ( 0.24 %) |
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| Open | High | Low | Volume | ||
| $1.10 | $1.11 | $1.10 | 121388 | ||
| Last updated 11.27am 13/05/2024 ? | |||||
| AMP (ASX) Chart |