This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

AMP - AMP Limited

Jump to new
One would think David Murray has decided a rebuild on the core superannuation business, is in order.
It is obviously a good platform, that has been tarnished, probably will take a few years to build confidence again.
Having the cash on hand to pay any penalties, will also be better than trying a capital raising, in the current climate. So it will be late next year before any phoenix comes out of this one.IMO
But if the product is good, people have short memories, possible bottom draw share.
 

This is what I’m thinking. You’re selling the offcuts for decent sums, you can use this buffer against any claims / penalties. So you’re getting the superannuation business for nix. There’s brand reputation damage, but this can be fixed over time and with a simplified business, have no doubt it will.
 
The old adage with AMP was buy at $4 and sell at $8.

I guess that's out the window now that it is a different beast.

gg
 
Other Super funds are having trouble keeping up with inflows apparently. Inflows as a result of AMP.
 
Darc Knight said:
Other Super funds are having trouble keeping up with inflows apparently. Inflows as a result of AMP.
Click to expand...

These old goat companies are run my muppet directors.

I guess it will be buy at $2 and sell at $4 from now on.

I do wish they would appoint directors to major companies who know what they are doing. It's not much to ask for $225,000 a year in some cases.

gg
 
Excellent article by Steve Bartholomew in the Age. Worth a read.
I don't hold but found it fascinating, particularly with regard to the company they sold the life insurance business to. To me the sale is a good move. It's the destruction of the AMP reputation and the consequent continuing outflows that is the reason I would not buy in.
 
AMP's record of destruction of shareholder value over the last 10 years should be a salient lesson for investors.
 
could it be that the neolibcon squawkers got privatisation wrong. Did privatisation of AMP actually destroy value?? Horror! Maybe the parrot/politicians should pause and rethink neolib dogma
 
SirRumpole said:
Maybe they should just sell everything, wind the company up and return the capital to the shareholders.

I doubt it will ever recover.
Click to expand...

It will be interesting to watch SR. They floated three ETFs in late 2016, GLIN Global Infrastructure securities, RENT Global Property Securities and DMKT Capital Markets. All ex Aus. I am wondering if this is an area they may expand into. ETFs seem to be a real growth area.
 
AMP Capital and AMP Bank still seem like strong businesses. Their platform products are still competitive and not copping big outflows, their advice business needs a massive overhaul but could come out the other side in a good position.

Life Insurance business has been performing poorly for a long time, so it will provide shareholders with a bit more clarity now they have moved on.

SP will find a bottom, if it hasn't already.
 
i cant see it recovering, probably best for Macquarie or others to take it over as soon as possible

may get to 3.50$ a share
 
Reading the report published by AMP as a heads up on previous and future, I was expecting market would have punished AMP more, like they did to CGF and few others.
I suppose the difference made by AMP , market was expecting to get a poor result from them on performance and after effect of Royal Commission.
So as I am concerned will be on side line to see how AMP gets ready for the right price to get me excited which is not today
DNH


 
sptrawler said:
The only things in their favour are, a strong brand name and a general public with a short memory.
Click to expand...

short memory is first like and strong brand name is second like.
But who knows they could be the Australian Lehman Brothers as a case study for MBA students. So people will never forget even they have short memory.
Extract from MF (not at all my favourite but they are good in marketing so used their picture)


Wipeout: AMP just warned shareholders of a 96% profit crash

Tom Richardson | January 25, 2019 | More on: AMP

 
You must log in or register to reply here.

Similar threads

4 reasons why the ASX 200 will struggle in September
Replies
8
Views
618
DannyB0000
VGN - Virgin Australia
Replies
13
Views
2K
ShareSuccess
May DDD 2025
2 3
Replies
56
Views
9K
ducati916
June 2025 DDD
3 4 5
Replies
80
Views
10K
Garpal Gumnut
April 2025 DDD
2 3
Replies
53
Views
10K
ducati916
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...