BarnArse I know what you are asking - will AMP exist in the form...

BarnArse

I know what you are asking - will AMP exist in the form it has or be valued as it was. What is possible given where we are starting from? What is likely direction from here?

The board has appointed a change agent. AMP is never going to be the same old AMP. I cannot tell what the share price will do from here in terms of ups and downs, but 3 years from now I think it will be closer to a value of its parts or lower profits than those had its price over $5.

The current price still looks like a fair reflection of what is known. It is hard to see a silver bullet that increases its value through a rerating. Price could float up. There is some potential downside.

I look at the new CEO and his mandate - and a third of the AMP business activities come into question, if not half. They will not be exited at a great price.