when will AMP HIT $3.00, page-758

From a low on 24 March of $1.08, theAMP share price broke up to $1.48 on 17 April, representing a more than 35%gain in less than a month.The AMP share price has since lost ground, and appears to be ina holding pattern as the market moves sideways:

The AFR’s recent Chanticleer column referred to‘glimmers of hope’ such as the strong(ish) performance of its North platform.

North’s assets under management grew 26% in 2019 to a total of$47.6 billion.

If AMP’s North platform, along with AMP Capital, are the onlyparts of the business that seem to be holding their own…its pretty clear whathas to happen.

Ditch wealth management (or transition it to a tech-basedmodel), finally ditch the Life business and focus on doing less with more.

A range of fintechs, neolenders and neobanks mean a competitiveenvironment for AMP now and into the future.

As such, despite a recent bounce, the outlook for the AMP shareprice could be called ‘clouded’ to say the least.

CEO Francesco De Ferrari faces a long and uncertain road toright the ship, and many shareholders will likely be hoping for an aggressivemodernisation push, given the five-year share price slide.