AMP 3.70% $1.12 amp limited

Ann: Appendix 4E & 2023 Annual Report, page-13

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    the dividend for the year is pretty good for those who bought in over last 6 months although the franking is a bit low.
    A valuation of $2billion for the platform is way off the mark. The profit increase was due to a profit from hedging for the north guaranteed product. Normally this should be a cost. If you normalise for this it would be reasonable to assume profit was pretty much flat or even down for the platform. But let’s be generous and call it $70m, up 7%. You want to value it at 29 times npat.

    nah…
 
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