OMP oamps limited

Hi Ridge,Oamps initially specialised in insurance for the...

  1. 204 Posts.
    Hi Ridge,

    Oamps initially specialised in insurance for the transport industry which might explain the influences you have mentioned.

    I have owned Oamps shares in the past but have concerns about their future growth. I think that insurance premiums have peaked and more competition is coming back into the market.

    Also their strategy of buying lots of small insurance brokerages must be very messy. The owners of the brokerages are encouraged to stay around by linking the purchase price to the retained business after 12 months. But after the 12 month period expires, if the owner leaves you may find that much of the business also leaves as they were used to dealing with a small local broker.

 
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Currently unlisted public company.

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