I am amazed at the low value of the current share price. It does not make sense. Below is a summary of AMP financials. Note the loss and the impairment. The earnings per share is -0.117 with a current share price of around $4.96.
There is a lot more examples.
There is more at play here with Slater & Gordon and the short data does not indicate we have been shorted to this level. SGH will be around for a long time, however, the BOD need to be held accountable for keeping us in the dark.
My sentiment has changed to BUY.
Column 1
Column 2
Column 3
0
Financial Summary A$m
FY 16
FY 15
1
Profit and loss
2
Australian Wealth Management
401
410
3
AMP Capital
144
138
4
Australian Wealth Protection
(415)
185
5
AMP Bank
120
104
6
New Zealand Financial Services
126
120
7
Australian Mature
151
158
8
BU operating earnings
527
1,115
9
Group Office costs
(104)
(61)
10
Total operating earnings
423
1,054
11
Underlying investment income
122
125
12
Interest expense on corporate debt
(59)
(59)
13
Underlying profit/(loss)
486
1,120
14
Other items
(9)
(3)
15
Business efficiency program costs
(19)
(66)
16
Amortisation of AXA acquired intangible assets
(77)
(80)
17
Goodwill impairment
(668)
-
18
Profit/(loss) before market adjustments and accounting mismatches
(287)
971
19
Market adjustment - investment income
(46)
9
20
Market adjustment - annuity fair value
(8)
34
21
Market adjustment - risk products
11
2
22
Accounting mismatches
(14)
(44)
23
Profit/(loss) attributable to shareholders of AMP Limited
(344)
972
SGH Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held