The only problem with everything you said is that it has no basis in reality. Otherwise it's a great story.
The new CEO will start for sure because he is being paid millions as a sign on bonus but, a turn around won't be possible for at least 5 years. It is simply not a matter of provisioning for one off losses because the business is in decline. There won't be any cashflow to provision for lossses. I am not saying the business is dead, just that it is wounded and will not recover to $5 or even high $3 range in the short term and that the problems cannot be fixed in less than 5 years.
News: AMP Firm threatens class actions over Australian finance inquiry revelations, page-18
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.33 |
Change
0.018(1.34%) |
Mkt cap ! $3.421B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.33 | $1.31 | $8.314M | 6.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 259592 | $1.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 1271575 | 103 |
View Market Depth
| Last trade - 13.08pm 16/08/2024 (20 minute delay) ? |
| AMP (ASX) Chart |