The impacts of the Royal Commission are ongoing and no CEO or Chairman on earth would have been able to turn the share price around or stop it from dropping over the last 12 months (or the last 4 months in De Ferrari's case).
With the amount of damage that has been done to AMP's reputation, there is no "magic wand" that will suddenly reverse AMP's fortunes. Instead, there is a long heavy slog, that is going to take time, energy, and vision. I think David Murray and Francesco De Ferrari have what it takes to last the distance and turn the company around. They are senior executives of the highest caliber.
So supporting Murray in the AGM isn't congratulating him. It's giving him a mandate to implement his long term strategies. It's voting to protect your investment in the longer term, to see it's value restored.
If you think your going to see your investment value restored if you spill the board, you are dreaming. You'll only inflict more damage, the share price will crash.
If you think having someone different in the top jobs will restore value quickly, you're dreaming again. With the very best executives at the helm (which, in my opinion, we already have), it's going to take a few years.
So settle in and support Murray and , De Ferrari.
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The impacts of the Royal Commission are ongoing and no CEO or...
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$1.43 |
Change
0.000(0.00%) |
Mkt cap ! $3.620B |
Open | High | Low | Value | Volume |
$1.46 | $1.47 | $1.43 | $7.734M | 5.376M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 175226 | $1.43 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.44 | 1886 | 4 |
View Market Depth
No. | Vol. | Price($) |
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6 | 175226 | 1.430 |
7 | 187340 | 1.425 |
5 | 59282 | 1.420 |
2 | 10000 | 1.415 |
7 | 86930 | 1.410 |
Price($) | Vol. | No. |
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1.445 | 5000 | 1 |
1.450 | 53325 | 7 |
1.455 | 82882 | 2 |
1.460 | 7014 | 2 |
1.465 | 20717 | 2 |
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