re: amp takeover story Well it looks like AMP won't be getting taken over in the near term but the stock price is well below NTA and any "fair" valuation of the companies worth. Although this doesn't mean the stock price will run hard it probably does mean the downside is fairly limited. I think it's a safe time (if there ever is a safe time) to be buying the stock.
People will be surprised when the full year results are released due to the recovery in equity markets. Things are not as bad as it seem at the old AMP. The large previous write offs will be in part reversed when results are released. My opinion only.
Cheers,
Munch.
PS. AMP took out collar protection over their UK equities, they didn't switch into bonds as another poster suggested.
near all time low..., page-9
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Last
$1.42 |
Change
-0.010(0.70%) |
Mkt cap ! $3.595B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.44 | $1.41 | $6.743M | 4.744M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4028 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 108973 | 4 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| AMP (ASX) Chart |