AMP 0.87% $1.16 amp limited

Guesstimates for AMP 2020-21, page-289

  1. 2,328 Posts.
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    I will provide some further commentary after results tomorrow but at the moment it is looking like;
    • A blood bath for revenues and profits
    • Blood bath for AUM and clients running for the door
    • A blood bath for long term advisers running for the door
    • A blood bath for clients following their advisers out the door
    • Announcement of some new strategies that sound OK but won't work (probably an upgrade from Windows Vista to Windows 10)
    • Some waffle about Coronavirus and market conditions
    • Write-downs of unlisted assets
    • No news or commentary about the raft of fully funded class actions
    • No news or commentary about the ASIC investigations and criminal charges that are pending
    • No news or commentary about the public relations disaster for AMP after Alex Wade quit and Boe Pahari issues
    • Some waffle about culture and improving this
 
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