AMP 1.37% $1.11 amp limited

switch-sell amp & buy all

  1. 679 Posts.
    To all of you long suffering, frustrated and disillusioned AMP shareholders......consider this:

    Sell your AMP and buy ALL now. Why???

    Because very simply, I strongly believe ALL will move from $1.83 to over $2.25 before the end of March 03'.(ie a return of over 18% within 6 weeks)

    To achieve the same return, AMP shares would have to be nearly $9.50 and you know as well as I do, that given its recent performance, $6.50 is a more realistic target than $9.50 in the short term.

    ALL offers you a unique oppurtunity to buy into the second biggest gaming-machine maker in the world, as it is bottoming after the recent frenzied frantic wave of over-selling, with a confirmed 12c ff dividend(ie presently div. yield=6.5%), trading on a P/E of approx. 10 and with big, quality and growing revenues.

    Ironically, as AMP shareholders you would also show up the not so well performing AMP Funds Management.AMP announced on 20/1/03 that they had had bought approx. 23m ALL(approx. 5%) of ALL at an average price of approx.$4.50+/share.

    In keeping with AMP's impeccable timing, ALL fell 57% from $4.22 on 7/2/03 to yesterdays close of $1.82!!

    $4.50-$1.82=$2.68 x 23,m=$61.64m paper loss in a matter of days.

    Now it should be obvious, sell AMP, buy ALL and see how much better off you will be.

    PS Can AMP Funds Mgmt. sell AMP to buy more ALL too??!!??

    PSS The only thing safe and sure about AMP CBA etc are the size of the salary/bonus/option packages they pay themselves
 
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Last
$1.11
Change
0.015(1.37%)
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$1.09 $1.11 $1.09 $5.090M 4.611M

Buyers (Bids)

No. Vol. Price($)
3 113739 $1.11
 

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Price($) Vol. No.
$1.12 150106 8
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