AMP 2.80% $2.02 amp limited

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  1. 3,694 Posts.
    5 and a half million ampwge so far, mostly on the buy side as best I can calculate.

    My theory (which is looking a bit shaky) is that it is in the best interests of both AMP and those insto's who are long term holders to pump the retail price of the placement if they can. By doing this they limit the dilution they otherwise face.

    I take the point about the underwriter shorting. Makes sense. However what happens if the retail punters take up the offer to a greater extent than anticipated? It leaves the underwriter nett short and diving for cover.

    This is better than a soap opera. About the only thing missing is the yanks accusing AMP of hiding weapons of mass destruction. But of course I didn't hear the midday news......
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