I agree. Market is re-adjusting valuation for wealth management to reflect a valuation higher than zero because it believes the business will turn around. I think market will settle at around 3b for wealth management (around 9b for whole company) so my gut says the stock will trade at $3.10 by years end, and higher next year if a turnaround starts to become visible. Will be interesting what divy they will declare in August. Another 4c at least hopefully plus the flagged capital return. Would be nice to sit around $3 share price ex the capital return eh.
I agree. Market is re-adjusting valuation for wealth management...
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Last
$1.10 |
Change
0.005(0.46%) |
Mkt cap ! $2.873B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.10 | $1.09 | $7.936M | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28889 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 1633801 | 41 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |