good thing is that the separation costs will not be anywhere as high as when they separated the insurance business.
AMP Private Markets is already separate from Public Markets as a business, however there will always be cost for separating. Systems, Clients, Staff, resources, etc.
Even costs at $200m, we will be left with around $1.3B as a min (existing surplus capital plus cash proceeds from sale), so keeping around $300m in surplus, will allow for anywhere from $1B to $1.2B to go back to us, combination of BB and Divis. (approx 35c ) however, a reduction in shares of say $200m leaves a healthy $1B available for distribution.
I say go $500m BB and $500m for divi's. (approx 15c based on current shares on issue)
Imagine what would happen to SP if they inform the market of a $500m BB.
Would see the rally we all have been waiting for.
And who was complaining about this deal this morning???
good thing is that the separation costs will not be anywhere as...
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Last
$1.09 |
Change
-0.010(0.91%) |
Mkt cap ! $2.921B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.10 | $1.08 | $12.67M | 11.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 409815 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.09 | 2675 | 4 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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$1.08 |
Change
-0.010 ( 1.07 %) |
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| Open | High | Low | Volume | ||
| $1.10 | $1.10 | $1.08 | 2000825 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| AMP (ASX) Chart |