Class action is a very interesting move.!!
Don't forget that those people affected and support class action probably have their super managed by Fund managers who in turn probably put some of the money into AMP among others.
Directly or in directly AMP performance will affect their super fund performance as well, and those people complaining about the big 4 banks and now we have a Royal Commission going will probably have their Super Managed by Managers who invest the fund into the 4 Banks, the more damage Royal Commission do to the Banks SP and profits the more damage it is to their super fund return.
There are lots of Big Instos invested in AMP and these big boys will at the end make up their mind to leave, add, reduce or wait if not already done so or do nothing and they have opposite views like other small traders but ultimately these boys will affect the SP not us the small punters.
Nothing is sure in AMP, BHP, CBA or any other stocks listed on ASX, it is all a calculated gamble and our perception and opinion mean ZERO it could be completely wrong or right but in most cases when there are lots of FEAR and BLOOD one would suspects, like always that the worst rarely eventuate.
GFC was a time where most people believed that everything was coming to the end but BHP, RIO and the rest recovered.
This is as always RISKS V REWARDS, we can't possibly know the future but we can manage our risk and capital
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