I think this year will still be messy in terms of P&L.
Still a bit to work through with respect to remediations (although they have done more than the other major players) and a fair chunk of re-structuring (cost base) going on, accompanied with separation costs.
Longer-term the business units should get back to around the $300-$400m mark. (Granted they will be splintered due to the spin-off).
It wouldn't surprise me if the units end up producing a bit more than the above figure, but I'm reluctant to take too much of an optimistic view.
Re the Ares stuff. It's fair for DD to include customers/clients etc, realistically that's where all the value resides so it needs to be the focus. That's pretty standard and what any acquirer would insist upon it. The issue I have is that not once, but twice, prior to the DD being allowed, Ares had given AMP a bait and switch only to get what they finally indicated they wanted from the deal (Private markets, where the big valuations for fund managers reside). Step 1 being the Ares offer for the whole business, despite no ability to consummate it (ie operate a domestic bank), which was rescinded in the early morning prior to results release (intended to inflict maximum damage on AMP one might wonder) and Step 2 being the Ares interest in AMP Capital as a whole. So I contend, that when you are dealing with a counter-party who has twice changed the terms on you, I wouldn't be then letting them under the hood unless the deal was extremely compelling or the terms very firm.
- Forums
- ASX - By Stock
- AMP & AMPP
I think this year will still be messy in terms of P&L.Still a...
-
- There are more pages in this discussion • 888 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.29 |
Change
0.010(0.78%) |
Mkt cap ! $3.350B |
Open | High | Low | Value | Volume |
$1.31 | $1.33 | $1.27 | $37.78M | 29.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3336 | $1.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.29 | 17692 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17122 | 1.280 |
3 | 18906 | 1.275 |
2 | 17909 | 1.270 |
4 | 27162 | 1.265 |
3 | 38059 | 1.260 |
Price($) | Vol. | No. |
---|---|---|
1.300 | 236897 | 18 |
1.305 | 89660 | 4 |
1.310 | 294915 | 13 |
1.315 | 24123 | 3 |
1.320 | 173565 | 10 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
AMP (ASX) Chart |