AMP 0.00% $1.97 amp limited

Notes

  1. 7,397 Posts.

    Some notes for the AMP holders

    good luck

    AMP (AMP) tumbled 3.6 percent to a historic low at A$11.41 on Monday, after a one-day trading halt, as investors eye its exposure to the falling UK equities market.

    AMP spooked the market last week with a vague comment on the capital position of UK life insurance unit Pearl in a prospectus for a securities issue worth up to A$1 billion to rejig debt.

    AMP, under pressure from regulators, clarified its position late on Friday, saying it needed to inject 500 million pounds into Pearl on top of a A$1 billion injection earlier this year.

    Signalling more trouble for AMP, the FTSE-100 index fell 120.7 points to 3,739.4 overnight. AMP said it would need even more capital for Pearl if the index fell below 3,700.
 
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