After the Life sale and Last Years capital raise, the Surplus cash available to the group is $1.428B. Which allows them to pay for the 15% of MUTB's share in AMPC ($400M). Then Dividends ($344M) and Share Buyback ($200M) leaves a total of $484M.
This is to be used to fund the completion of AMP’s 3 year transformation program and support the business in light of the current market environment.
So AMP is well cashed up with a Residual Capital Surplus of $484M,
plus the $733 Buffer, means that they are $1.217B above MRR (Another $1.252B).
Enough cash available to them for the restructure and to see them through any tough times ahead.
Takeover door is opened, page-15
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$1.27 |
Change
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Mkt cap ! $3.298B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.26 | $8.935M | 7.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25175 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 134707 | 9 |
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| AMP (ASX) Chart |