AMP have major problems. If US gets the jitters like in October FTSE will drop. When the previous falls occurred they stated they lost $100million for every 100 points FTSE falls. The previous issue increased the capital adequacy but does not stop the losses. If FTSE hits 3000 they will need more capital ie. a dilutory rights issue is possible.
AMP have stopped writing new business on their guaranteed return products but the previous exposure remains.
If the bear market continues more people will redeem funds which will continue to decrease management fees received.
In short it is high risk - this share could drop a lot more.
noip
AMP have major problems. If US gets the jitters like in October...
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Last
$1.52 |
Change
0.015(1.00%) |
Mkt cap ! $3.848B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.52 | $1.49 | $8.267M | 5.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 84004 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 37586 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |