If (and I stress if) Ares is willing to pay $ 1.85 per share they must believe they can make a substantial profit by dissecting, holding or simply reselling. Other institutions also know the possible upside on the AMP share price. Bearing in mind the intrinsic value of a share is not the price on any given day; but on their assets, liabilities and future potential. Institutions such as Allan Gray may be happy to make 30 cents per share, or indeed lose $ 1 a share, just as retail investors are. But the question remains, why would instos sell for $ 1.85 if they expect the stock to be worth significantly more 6-12 months longer (as indeed Allan Gray must have thought and Ares seems to think now) I also note Ares is "only one of the parties looking at AMP".
US Buyer For AMP, page-177
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Last
$1.33 |
Change
0.015(1.15%) |
Mkt cap ! $3.440B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.33 | $1.31 | $17.99M | 13.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 35513 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 400588 | 16 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AMP (ASX) Chart |