I was surprised to read that the action by AMP/Debra was an astute move. To me it looks more like a Hail Mary pass like you suggest.
It is funny how desperation can be mistaken for genius.
You get the best price for business by having a successful profitable business with shareholders reluctant to sell as they love the company and its board being targeted by buyers who really need Or want the business for their expansion plans.
This could not be further from the truth when you look at AMP. Even supportive shareholders talk mainly about buybacks and special dividends or capital payouts or selling or breaking up the place to maximize value. Not about how AMP is a great investor of their money.
when will AMP HIT $3.00, page-4838
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Last
$1.13 |
Change
-0.015(1.32%) |
Mkt cap ! $2.921B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.14 | $1.12 | $6.142M | 5.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14999 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 9677 | 6 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |