AMP 0.25% $1.97 amp limited

confidence returning to amp

  1. 3,567 Posts.
    The price is still cheap and the AMP business has proved resilient to all the recent bad news. The value going forward is in the retail side (as opposed to wholesale funds management) and AMP still has the best distribution network.

    The conversion of the reset prefs to stock is also a mis-concern. The additional equity while dilutive is offset by the dividends AMP doesn't have to pay to the reset prefs. The valuation for AMP is still well over $5 and should be more like $8-$10! The stock is trading at a discount to NTA and fo what reason?? Because the market is scared... I smell an opportunity brewing.

    All that said I have to point out again that corporate action is a high possibility. If not for the entire AMP at least for the UK arm.

    Get in while it's still cheap!!
 
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