My thoughts
- $112m for the half is a P/E ratio of 14 which is not unreasonable
- below the line shenanigans continues with remediation and transformation costs below the line. No reason to think these are not ongoing as seen by the fact they are there every half for the last two years. Adjusting for these, the PE ratio is closer to 30.
- they disclosed they took a bath on the PCCP sponsor investment, probably due to crappy US real estate markets with cap rates blowing out. Maybe a one off which does provide a partial offset to below the line shenanigans
- rationale for remaining corporate debt is weak and likely to be repaid from cash reserves
- capital story now average with class action and transformation costs impacting
looks like a sell now
My thoughts- $112m for the half is a P/E ratio of 14 which is...
Add AMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
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) ? |
|
|||||
|
Last
$1.07 |
Change
-0.010 ( 0.70 %) |
||||
| Open | High | Low | Volume | ||
| $1.08 | $1.08 | $1.06 | 1926509 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AMP (ASX) Chart |