Although I constantly think about selling this, I never do. The yields are good, the company is stronger and we have yet to see what impact purchasing AXA will bring. As others have said, it has it's past to hurdle. Although the company of the past and present are totally different fiscal ballgames.
As the shares rise, this will rise, as the shares fall this will fall. However at the SP, given yields to boot, it is a good bargain and I wouldn't be surprised if there was some serious purchasing by insto's in the finance sector. Having said that, most of the ASX at the moment has bargains. The banks for one % yield -v- SP is a great buy. I just wish I hadn't run out of money to invest.
We will see more rally's and dips over the next few months to say the least. Which is only a worry if your living off your Super and are over invested, as most tend to be, especially given the good gains late last year.
AMP Price at posting:
$3.99 Sentiment: Buy Disclosure: Held
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