The thing I dislike about you shorters/ex Amp Planners and downrampers is that you do not speak factually. It's all half truths and subversion.
Comparing 2017 profit with 2021 profit is utterly ludicrous given the substantive changes in the business, not the least the sale of Life, the extraordinary compliance costs post 2018, and the provisions booked.
Fact is NPAT on a smaller asset base is $350m p.a. and growing. PE is ~10x and very low against peers.
Compliance cost and provisions on legal matters are adequate based on the information and facts available. Substantial expense savings are locked in for next couple of years.
Your post is blatant downramping. Good luck with your shorts.....its a brave punter doing that at this level.
AMP | OBSERVATIONS, page-84
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