Effect of Buyer of Last Resort class action proceedings, page-121

To be very honest the intrinsic value of AMP will move around as new information comes to light. The reality is that with a low pay out dividend, their NTA appears to be increasing over future years, and that NTA is above current share price.

The next step is to look at RoE against BV and NTA as this gives a 'Buffett' style owner earnings view point. And importantly look at future years as again this is a turn around story.

Compare this to share price to see what Mr Market is prepared to pay for the 'story'

I don't have a defined 'enter' and 'exit' strategy on AMP.

Given macro market uncertainty, for AMP I am prepared to 'clip the ticket', churning to create profit.
Hits me with max CGT liability on top tax rate, I prefer to be able to hold for 12 months, but a profit is a profit, and better than a loss (in which case CGT is irrelevant)