there were numbers on the potential exposure published at times based on info from amp. You can have a wild stab on trying to work out exposure based on………
about 1,500 advisers were covered by amp bolr terms.
a rough average ongoing fee base for advisers was about $250,000
at 4 times this means amp would pay $1.5 billion under bolr to buy out all advisers.
AMP discounted the payment by 40% which gives you $600m AMP us notionally trying to save.
But not all advisers were discounted by 40% and not all sold or will sell or will be compensated. This is where my estimate $300m came from. Plus or minus $100m or so.
AMP Upramper Boiler Room, page-11
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Last
$1.53 |
Change
0.010(0.66%) |
Mkt cap ! $3.860B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.55 | $1.52 | $15.80M | 10.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80077 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 102476 | 6 |
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