re: ftse not live 3325 - but dead An interesting concept - the NAB taking a stake in the AMP under the terms you suggest Grant.
Question - wouldn't this in turn trigger a selloff in the NAB?
Right now, hat bank in its right mind would want to take a major equity exposure to the AMP? Especially given that even its own management have admitted they have no clear idea of what the future may hold. Indeed it could be surmised that they don't even really know what shape the business is in?
It wouldn't be far removed from the gamble that the NAB took when they launched the then hostile bid for GIO. This time however the risks are known but unquantifiable, the AMP has become to an extent a play on the FTSE and I am lead to believe that its retail business in Australia is having a less than satisfactory time (not unique to the AMP) explaining a third year of losses.
Surely this too must be leading to issues such as redemptions etc within the Australian business.
Would the NAB board neccesarily be acting in the best interests of its shareholders i effectively acting on behalf of the government to provide financing to the AMP?
I don't think so, but what would I know.
- Forums
- ASX - By Stock
- ftse falling... poor amp
re: ftse not live 3325 - but dead An interesting concept - the...
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $3.427B |
Open | High | Low | Value | Volume |
$1.32 | $1.32 | $1.30 | $13.24M | 10.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37944 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.32 | 588948 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 7019 | 1.345 |
2 | 317 | 1.330 |
1 | 6000 | 1.320 |
3 | 125244 | 1.310 |
1 | 37944 | 1.305 |
Price($) | Vol. | No. |
---|---|---|
1.170 | 11581 | 2 |
1.245 | 2884 | 1 |
1.270 | 332 | 1 |
1.275 | 238 | 2 |
1.290 | 9815 | 2 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
AMP (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online