Another disappointing report from AMP, especially the paltry 2 cent dividend, with another useless share buyback.
But it's not as bad as I thought it was going to be, especially if the $100 million BOLR settlement is backed out.
- Overall Revenue up 27%
- Platforms is doing very well.
- AMP Bank is being pinched by mortgage competition. But so are all the banks.
- Advice - a basket case. At least 5 years to breakeven, if at all. But at least the YoY losses are reducing significantly.
- Master Trust - Impacted by mandate loss of $4.3 billion, otherwise in line with 2022
- NZ - Net profit up 6.3%
Disappointing, but no where near as terrible as I was expecting it to be late last year. My main disappointment is the 2 cent dividend. If I'm stuck with this dog for more time, I would like to have had the remaining $350M paid as a single dividend.
Ann: Appendix 4E & 2023 Annual Report, page-3
-
- There are more pages in this discussion • 89 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.10 |
Change
0.005(0.46%) |
Mkt cap ! $2.873B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.10 | $1.09 | $7.936M | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28889 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 1633801 | 41 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |