The last posts are not not very soundly based. I will not insult or offend. But I will point out a lack of any financial basis or logic for the claims being made.
I will make a claim.....AMP will never reach a PE of 100 times or even 30 times,unless its profit crashes. Which is not good news.
In the old days, a 17 times multiple required profit to be doubling every 5 years or 15% growth pa. These days 10% pa would justify it.
Can AMP reach $5, page-473
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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 | $5.227M | 4.650M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60562 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 68371 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |