medibank private float, page-4

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    That's because AMP was a mutual society (what the "M" stands for) so it was owned by the policy holders. Whereas Medibank Private is owned by the Govt. - and by implication all Australians - so really we should all be given an equal amount of shares in it, and then let it trade.

    AMP was great. I got more from selling the shares than all my premiums had cost!
 
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