when will AMP HIT $3.00, page-3048

Temper, Temper, its not that hard to understand if you try a bit harder.
Its capital money that is used to protect clients.
When the company is sold then it is given back to the shareholders, its simple.

Capital management framework
AMP holds capital to protect clients, creditors and shareholders against unexpected losses. There are a number of ways AMP assesses the adequacy of its capital position. Primarily, AMP aims to: – maintain a sufficient surplus above minimum regulatory capital requirements (MRR) to reduce the risk of breaching MRR, and – maintain the AMP group’s credit rating.
These factors are considered together with AMP’s appetite for material risks (including financial risk, product and insurance risk and operational risk), when setting a target surplus above MRR which seeks to reduce the risk of breaching MRR.
Level 3 eligible capital above MRR and target capital requirements for regulated entities and the AMP group may vary throughout the year due to a range of factors including profits, dividend payments, capital for business growth and other one-off items, including market movements.