There is light at the end of the tunnel for AMP. It is a freight train coming the other way ready to smash it into a million pieces.
The report in 2 weeks' time will be a blood bath. There are managers looking for new jobs in every direction. Only a portion of the blood bath can be blamed on COVID 19 as a large portion of the damage was done before March this year.
I spoke to AMP Capital last week. They are doing massive write-downs on their extensive infrastructure and real estate assets. Melbourne Airport is down 20% and they have lost some other massive tenancies. Australia Post has handed back 20-30% of their lease holdings and these are never to be taken up again.
AMP are actively recruiting phone-based financial advisers. Not sure what the offering is but sitting in a call centre all day wouldn't be my idea of career if I did a financial planning degree.
when will AMP HIT $3.00, page-1919
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Last
$1.29 |
Change
0.015(1.18%) |
Mkt cap ! $3.328B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.27 | $8.932M | 6.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19486 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 20911 | 5 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| AMP (ASX) Chart |