**AMP Where to from here??***, page-11

This stock is cheap, but with negative press who don't tell the whole story we may see further downside.BUT
there are some positives which should make the shorters/put owners think about closing out/selling.
1. Dividend of 26c Monday week (30th)
2. Major board meeting this week- Bachelor is unlikely to
leave given they are mid way through selling reset prefs,but that might be the inducement that investors need. IF he does fall on his sword, then expect $1.50+ bounce.
3. once the reset prefs are put away S&P is highly likely
to up there rating 50c+ there.
4. Very outside chance but NAB CBA have shown in the past to be interested, and this is the best chance they have ever had, merger talk at $21, hell they could do a scrip bid at $15 and be successful at the moment.

My call is that they may see lower in short term but buying at these levels is extremely cheap and after Sept/Oct period ends they'll be $14 + with potential for
more longer term.

Do own some sub $12 and WILL buy more on weakness.