Yep, 7.3% and 11.2 P/E it's almost, if not, better than a bank.Under $4 again. At these prices it offers a solid yield and always seems to bounce up to around 4.20. Will the overall global concern cause it to be different this time?
Under $4 again. At these prices it offers a solid yield and always seems to bounce up to around 4.20. Will the overall global concern cause it to be different this time?
Yep, 7.3% and 11.2 P/E it's almost, if not, better than a bank.
Sorry guys, I cannot agree.
Looking at a 3 year chart, it has fallen from around $6.50 to $5.00, to $3.50 in a fairly regular fashion.
I would be looking to buy at $2.00.
The Div and P/E can change by a board decision. The charts never.
I would be looking for a decisive move beyond $4.50 on very high volume before considering your tactic.
If you buy AMP at $4 and sell at $6 you will never go wrong.
This stock has an uncanny ability to disappoint believers in its long term ability to provide consistent divis and capital appreciation.
gg
Changed your mind on the below then GG? (Bold added by myself)
Back up above $4 again now. I'm still of the belief of buying below $4, collecting any dividends, and selling around $4.20 is an easy trade that would happen a couple times a year
Just inherited 250 shares in AMP. Saw it last over $5. But can't do much with 250 shares.
IMHO there were plenty of opportunities to buy 250 or 2500 more.Just inherited 250 shares in AMP. Saw it last over $5. But can't do much with 250 shares.
Business performance
At the start of this year we outlined our strategy – to fix our insurance business, create a more customer-focused organisation, expand into overseas markets where it makes sense to do so and improve the efficiency of our business. Our results show we are making good progress in all these areas.
In the first six months of 2014, our business unit operating earnings increased by 17% as a result of good growth and tight cost controls (cost to income ratio down 3.4 percentage points). Our superannuation business performed well with an increase in retail money into our investment platforms (up 39%) and good progress on the introduction of our new MySuper products.
While there is still some work to do to return the insurance business to long term profitability, we are seeing encouraging signs of a recovery in earnings. Our claims process has been improved and we are currently in the early stages of developing and testing a new insurance proposition designed to better meet customer needs. AMP Capital has seen a 12% lift in operating earnings as a result of strong management and performance fee growth and is continuing to develop effective partnerships in key overseas markets. We are seeing early signs of success in our joint venture with China Life and improving investments from our customers in Japan as a result of a broader product offer.
We are transforming all areas of our business to better serve our customers and our progress to date has been encouraging. In making these changes we are also improving the efficiency of our business, creating a stronger, leaner organisation with solid foundations for future growth
AMP on the up of late, six months to date.
View attachment 59178
From here: http://shareholdercentre.amp.com.au/phoenix.zhtml?c=142072&p=irol-results
Amongst other info:
Long term contrarian play seems to be working out ok so far.
Interesting, there also a lot of other banks around now like ME bank, BOQ, Bendigo Bank, InG, MacBank which have diluted AMP's status as fifth pillar
I see AMP more like an MLC or pure funds under management play by the big four, be interesting
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