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'' loss of management mandates''

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boomeronrations

6,516 Posts.

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28/05/21

12:55

Post #: 53487416
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Originally posted by boomeronrations: ↑

"I do think AMP has intrinsic potential"
It is very hard to argue against that statement.
You just have to look at the NTA and the question that gets asked is how can a financial services company , which normally you would expect to trade well above nta , be trading so low.
I think the answer is partly that , rightly or wrongly , AMP is on the nose reputation wise.
They are also seen as inefficient and high cost and inwardly focused.
This limits their ability to leverage the assets they have.
Throw in the flight from fum , and loss management mandates and a lot of people see this as a downward spiral.

The company may well get taken over, if only bit by bit , but that will be a bit sad for people who have held from much higher levels, because no-one will take it over at anything other than bargain basement prices.
Fix their reputation, reorganise their structures, and it should start trading more in line with its worth.

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'' loss of management mandates''

AMP Price at posting: $1.17 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.07		Change -0.005(0.47%)		Mkt cap ! $2.846B

Open	High	Low	Value	Volume
$1.07	$1.08	$1.06	$10.27M	9.617M

Buyers (Bids)

No.	Vol.	Price($)
7	77619	$1.07

Sellers (Offers)

Price($)	Vol.	No.
$1.07	511524	4

View Market Depth

No.	Vol.	Price($)
7	77619	1.065
35	1129282	1.060
13	330594	1.055
23	738306	1.050
5	90390	1.045

Price($)	Vol.	No.
1.070	511524	4
1.075	184995	8
1.080	332265	7
1.085	42681	2
1.090	121990	5

Last trade - 16.10pm 30/05/2024 (20 minute delay)


Last $1.07			Change -0.005 ( 0.94 %)
Open	High		Low	Volume
$1.08	$1.08		$1.06	1383301
Last updated 15.59pm 30/05/2024 ?

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