AMP 0.93% $1.07 amp limited

AMP Will be gutted and sold off

  1. 15,030 Posts.
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    Only see one solution here, AMP is going to gutted and sold off. With regards to class actions- these will be settled out of court, surely AMP has a contenginency funds for these events and they would have to have serious PI insurance for this too . Surely the directors also have insurance for these events because they going to need it. Only the lawyers will make money out of this one. If class action shareholders push too hard they will destroy all value for all shareholders including themselves and there will be nothing left over to gut. They also know that class actions take years and the board could threaten to engage in a scorched earth policy and draw this out longer.

    What will happen is this, 2 comprised settlements will take place- once this is done, the company will be gutted and sold off in parts- LT shareholders will never recover their losses but will obtain a 25% premium from current sp.

    All of this will happen in less than 3 years.
    Amp is a tired company with a board of losers and self entitled turds- their business model is broken and so is the way they do business. They will be recycled within 3 year.
 
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