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.
Yeah, then consider businesses with falling earnings dont...
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Last
$1.32 |
Change
0.005(0.38%) |
Mkt cap ! $3.368B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.33 | $1.31 | $20.75M | 15.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 207509 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 8013 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| AMP (ASX) Chart |