AMP 0.27% $1.88 amp limited

amp to plunge on monday

  1. 9,081 Posts.
    This just in from Huntley does not augur well for holders of AMP when trading resumes on Monday:

    (Here is the relevant extract)

    "......The raising comprises a $1bn institutional placement and a $500m retail share purchase plan. While demerging the businesses will make it easier for the market to put appropriate earnings multiples on each division, ie. a higher multiple for the Australasian business and a lower multiple for the UK business, the equity issue will be massively dilutionary and AMP shares are set to plunge when the stock resumes trading on Monday ..."
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No. Vol. Price($)
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Price($) Vol. No.
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Last trade - 16.10pm 22/01/2020 (20 minute delay) ?
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