Could just be a suckers rally. A weekly close above 3.65 may offer a rally of sorts . They report 1H18 on the Wed 8 Aug. Bellpotter/ citi have a sell recommendation.
AMP are defending the class actions. I believe they have not provided any provisions for the outcome as they have insurance and if thats not enough will sue the advisors who did not provide the advice , the advisors have their own insurance. Will all this insurance cover these class actions ??. What sort of claim are AMP looking at if they lose. I think they will try and settle but find no takers. Its off to the courts imo.
AMP Chart, page-69
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 (20min delay)
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Last
$1.12 |
Change
0.003(0.22%) |
Mkt cap ! $2.902B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.14 | $1.11 | $4.711M | 4.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 284241 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 64722 | 22 |
View Market Depth
| Last trade - 13.57pm 06/08/2024 (20 minute delay) ? |
| AMP (ASX) Chart |