Where to from here?
Just a few guesstimates but I'd guess that;
- Every year we hear how this company is on the mend but underlying profits keep falling
- A loss is a loss whether it is less of a loss than last year or not
- The only thing sustaining the share price at the moment is the promise of a capital return
- More pain on the way for this company based on their continued and sustained loss of adviser, clients and FUM
- Inflows to North do not add up. Looks like these are mostly from other AMP funds meaning it is a dubious statement to say that this is the shining star in AMP
- Settlment of adviser class action in a few months will blow a hole in the balance sheet drive the share price down to around $0.70c IMO
As usual, I could be wrong but I think this stock will settle at about $0.60c over the next few years.
PS If they keep "streamlining" this business there will be nothing left!
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