There are many knowns with Amp at the moment
1. The costs of all class actions: Disagree: is likely to be $200-300m: has been endless bedwetting based on this but note this risk can be acquitted comfortably given excess capital and cash held.
2. The costs of breaking up the businesses Disagree: Major costs have been expensed in recent HY and mostly provided for.
3. The costs of fixing wealth and advice - Disagree: Wealth is expected to return to break even in 2024 - likely 2023 based on current trend. Restructure is supported by profits from other arms as is normal in any corporation.
4. The cost to grow Amp bank - Disagree - revenue growth is outstripping recurring expense growth and Bank has been a clear outperformer continuing to demonstrate above system growth.
It can be ugly and Amp has a tendency to deliver bad news, mostly self inflicted as well. Random comment
I remain positive with Amp but don't expect anything until the next reporting. Random comment
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Last
$1.13 |
Change
0.005(0.45%) |
Mkt cap ! $2.921B |
Open | High | Low | Value | Volume |
$1.13 | $1.13 | $1.12 | $5.227M | 4.650M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60562 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 68371 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 1.115 |
3 | 75377 | 1.110 |
4 | 84498 | 1.105 |
3 | 73610 | 1.100 |
2 | 96086 | 1.095 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 920 | 1 |
1.130 | 88340 | 8 |
1.135 | 446944 | 15 |
1.140 | 505820 | 18 |
1.145 | 224424 | 9 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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