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
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I am amazed at the low value of the current share price. It does...
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