AMP 0.00% $1.10 amp limited

Im in also. I think at these prices a preditor could be lurking....

  1. 61 Posts.
    Im in also.

    I think at these prices a preditor could be lurking.

    My assumption is this;

    Lending growth for banks will be minimal over the forseeable future, the best way to grow the book is look for undervalued insurance/super target.

    ACCC would not allow NAB becuase of MLC, CBA has Colonial so it can be ruled out, WBC has BT, which may cause issues with ACCC.
    What about ANZ??? I believe they are not big players in this field and an AMP, acqusition will see it as a major player with a very strong brand.

    This is a feeling, as historically there has been some big acquistions in times like these ie WBC took ST George, CBA took Bank West to name 2.

    Its possible I am wrong, but at least 3.73 is a sound price for a longer term hold.


    I look forward to some feedback.
 
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