tbh given how the demerger was f*ed by major holders, I would speculate that we're going to see capital returns and special dividends rather than a sizeable buyback.
I have a sneaking suspicion that the major holders want to see an immediate cash return and that would be gained by deploying the ~$2B they have from the fire sale.
I'd expect they'll prioritise debt reduction to a point, then a capital return and final a special dividend, with maybe $250M if we're lucky in buybacks.
My plan is to hold for the cash return and then sell for a tax benefit, I've got no faith in management to turn AMP bank into anything special.
AMP DIVIDEND, page-4
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Last
$1.15 |
Change
0.010(0.88%) |
Mkt cap ! $2.986B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.14 | $13.75M | 11.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 206295 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 267231 | 10 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |