AMP 3.02% $1.20 amp limited

Watch out for a possible rights issue!

  1. 10,543 Posts.
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    Whilst AMP is looking pretty cheap at the moment there was a strong rumour doing the rounds on Friday that if the FTSE doesn't get back above 4000 fast then AMP will likely move to implement a rights issue and we all know what effect THAT has on a companies share price.

    Make no mistake, AMP is hurting badly in the UK and further requirements to inject equity into the UK businesses may cause pressure on AMP's ratings through S&P etc. So far from going up there looks to be far more risk of surprises to the downside.

    Disclaimer - I currently do not hold AMP.
 
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