I suppose I have less optimistic starting point. I did some numbers a while ago based on AMP’s latest results which suggested to me that the underlying normalized profit was already down to about $850m as the results had one off gains. Just my view of the numbers but I think it lined up with some analyst valuations.
On being optimistic about having the right team in place, others are more optimistic that me. The CEO has not turned up yet. He sounds good but it just words so far.
On directors, thisboard appointedMike Wilkins as acting Chairman and is still acting CEO. He has been the chair of various risk committees at AMP for some years. This alone raises questions about him.
But given the emerging problems at IAG/Swann insurance at the Royal Commission that seem to have occurred under Wilkins’ time as CEO and to only have been fixed after he left, and given those problems included controlling authorized reps, questions will be raised again about the AMP board.
I suppose I have less optimistic starting point. I did some...
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$1.43 |
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Mkt cap ! $3.620B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.47 | $1.43 | $7.734M | 5.376M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 175226 | $1.43 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 1886 | 4 |
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