Where do you get those "fair values" from? Why do you assume the company will be valued at the sum of it's parts?
The sold divisions made $333m proftit in FY17. The other divisions have decreased by 10% on a pcp basis. This means that the FY18 underlying profit will be around $500m.
Trading at 10x (given the risks and negative growth 10x is very generous) the MC now should be around $5b. That's an SP of around $1.5
Any further revenue losses, scandals, margin loss, regulation etc will drop the price from there.
Any initiatives which the CEO can implement to improve the business should not be priced in now.
Do you think they cut the dividend for fun?
This company may have a bright future but it definitely shouldn't be priced in right now.
Is AMP a good investment opportunity?, page-200
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Last
$1.14 |
Change
-0.010(0.87%) |
Mkt cap ! $2.960B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.13 | $4.522M | 3.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 17251 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 91639 | 5 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |