Yeah, then consider businesses with falling earnings dont command a P/E of 16... closer to 10. Some will still buy this for the hopeful dividend but if and when franking credits are non-refundable the general market P/E will reduce also as our multiples are higher than most markets in the world due to franking benefit.
This is excluding the fact AMP is about to be crippled further by the RC recommendations.
Was hoping this would keep running up so I could add to my short but wasnt to be.
Ann: AMP provides update ahead of FY 18 results announcement, page-21
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Last
$1.13 |
Change
0.005(0.45%) |
Mkt cap ! $2.921B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.12 | $3.142M | 2.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 271440 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 354672 | 40 |
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| Last trade - 14.44pm 12/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |