Looking a little expensive...
Disappointingly disclosure of their intention re capital management has again been deferred to the results announcement.
Also "New AMP Capital" strategy will be announced at the results announcement.
So looks like underlying profit is around $300 million which means a p/e of around 20x.
Smaller for longer would be my take.
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- Ann: AMP provides update on 1H 20 results
Ann: AMP provides update on 1H 20 results, page-3
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