AMP - AMP Limited

• 29 October 2024

• #501

Iggy_Pop

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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

 

• 29 November 2024

• #502

Iggy_Pop

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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

 

• 28 December 2024

• #503

Iggy_Pop

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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

 

• 28 December 2024

• #504

sptrawler

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Iggy_Pop said:

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

Click to expand...

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

 

• 24 January 2025

• #505

Rosscoe62

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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

 

• 17 February 2025

• #506

frugal.rock

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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.

 

• 18 February 2025

• #507

frugal.rock

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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.

 

• 18 February 2025

• #508

frugal.rock

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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

 

• 18 February 2025

• #509

Dona Ferentes

beware the aedes of marsh

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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.”

Click to expand...

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.

Click to expand...

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

 

• 20 February 2025

• #510

frugal.rock

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