I disclose upfront I'm not a shorter. important when I write negative posts. I've been watching this very closely. there is going to be value in AMP for long term buyers. that time is yet to arise. the key concern I gather from today's announcement is the one key point that drives this business - equity flows. The business has shifted from positive $900m to negative $4 billion.
enough said. the clients are walking.
whilst the RC lack of legal enforcement of the breakup of the vertical integration model is a huge positive for AMP - even without the RC enforcement - the numbers don't lie.
lots of talk in this chain about the value of amp capital (investment management business) outside the insurance business and financial planning business. NEVER FORGET the amount of equity inflows that have been directed to AMP Capital from its own financial planners. What AMP planner today could honestly sit in front of a client and allocate capital to AMP funds now post the media frenzy?
therein lies your answer....
Again I'm not a shorter but this is going to have a $1 in front this year. it's going to get cheaper.
I disclose upfront I'm not a shorter. important when I write...
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Last
$1.07 |
Change
-0.010(0.93%) |
Mkt cap ! $2.867B | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.06 | $11.65M | 10.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 57831 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 9368 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.07 |
Change
-0.010 ( 0.70 %) |
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| Open | High | Low | Volume | ||
| $1.08 | $1.08 | $1.06 | 1926509 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AMP (ASX) Chart |