AMP - AMP Limited

[Iggy_Pop]

One of my picks for the year tipping comp. Big rise during the month to $1.59 before settling down to the $1.40s. Still looking positive for the yearly comp.

Iggy

 

[Iggy_Pop]

One of my picks for the yearly comp which is going well this month up 7% for the month so far and over 60% for the year. Some positive moves for what used to be a blue chip share many years ago. Maybe a potential takeover happening??

Iggy

 

[Iggy_Pop]

One of my picks for the CY 24 stock tipping comp which is all but over, but AMP were up 80% for the calendar year so was a good pick.

Iggy

 

[sptrawler]

One of my picks for the CY 24 stock tipping comp which is all but over, but AMP were up 80% for the calendar year so was a good pick.

Iggy

Just shows a good brand name, holds more credibility, than a crap management IMO.
Don't forget when it was de mutualised, I think they were $24, some people probably still have them. Lol

 

[Rosscoe62]

AMP is starting to build some nice momentum. Positive update ->

• +5.0% AMP (AMP) – Morgan Stanley flagged the company as their preferred play in the Australian wealth management sector, citing ~12x underlying FY25e PE and over 35% FY23-25e EPS growth as a compelling case

Held

 

[frugal.rock]

Looks like it's trying to fill October's gap up.
Chart update.
Not sure why it's dropped.
I'm in for a wee bit, as of close today.

 

[frugal.rock]

Reported this morning, Director Andrew Hamilton BEST, has yesterday increased his holding, via an on market trade.

He picked up 34,288 shares valued at $1.43 each, which was closed to yesterday's low of $1.41, to bring his total holding up to 232,000 Ordinary Shares.

Hopefully sellers are mostly all done.

 

[frugal.rock]

Have been musing that knife catching on larger stocks is usually best done on day 3.
I jumped the gun a bit early, as usual.

AFR article behind a paywall unfortunately.

AMP shares mauled over dividend versus growth trade-off

The company’s final dividend has come in below forecasts as it warns that it has to better balance its growth ambitions with capital returns.

www.afr.com

 

[Dona Ferentes]

warning flagged on dividend probably enough ...

Chief executive Alexis George told The Australian Financial Review that “of course, shareholders want capital returns, I understand that, but it is our responsibility to re-orient the company towards growth and have at least some surplus capital there given the volatility of the environment we are in.”

AMP shares fell 14 per cent to $1.50, detracting from what its CEO described as “good trends and improving flows” in its core business of wealth management.

.
Are we there yet?
Is it a journey we want to go on?

 

[frugal.rock]

Chart update.
It may have turned the corner again here. Too early to confirm though.