My employer uses AMP for employee super. I am glad I chose 5...

My employer uses AMP for employee super. I am glad I chose 5 years ago not to use AMP. My colleague bought AMP shares > $18 a shares quite a few years back and has been in red ever since he bought (close $5.66 today).

Yeah, calling in Mac Bank was the biggest mistake. Should have called in UBS in the first place. Don't know if Mac Bank was amongst those chanting the 26c CR chorus. Whoever they are, it seems like this mob has no idea how to make money via proper means. I mean they asked for handouts at 26c, they didn't get it, so on resumption of trading they barricade the sell queue to get what they wanted. Robbery IMO.

Net asset is still 97 cps after the huge write downs, and there is a strong order book, as well as improved outlook for FY2012. According to the report the low margin work will be substantially flushed through by Jun 2011, implying work after that will have higher margins. Attractive T/O target IMO.