AMP - AMP Limited

[Bingo]

Re: AMP higher today - why?

AMP downgraded.

AMP
Broker: CSFB
Rating: Unchanged at UNDERPERFORM
Price: Price Target: $6.70

Comment: CSFB has left its recommendation on AMP at "underperform" despite what it calls a strong headline full-year profit result. The broker noted that despite buoyant markets, AMP's underlying result was only in line with forecasts. It also warns that the company faces significant growth hurdles through fee reductions and the loss of tax relief. "While AMP is continuing to make good progress in its cost reductions and growing funds flow above market share, the extent of the growth hurdles it faces is not being fully appreciated in the stock's current demanding share rating."


Bingo

 

[dam01]

AMP

i bought amp at 6.62 . Anyone have an idea where they might go?

 

[mime]

Re: AMP

??

How could you buy it at $6.62? The market value didn't get above $6.58.

 

[DTM]

Re: AMP

i bought amp at 6.62 . Anyone have an idea where they might go?

In my opinion, this is one of the stocks that fit Tech A's requirements for shorting. Its way below the 200 day moving average and I can only see it dropping further. I could be wrong....

 

[It's Snake Pliskin]

Re: AMP

Dam,

Why did you buy AMP? And why $6.62? What so you see in this stock?

Sorry I don't have any information for you, but I frrl I would only trade this stock when there is no gloom.

 

[rozella]

Re: AMP

I was asked this question yesterday re AMP, so to save typing I will just copy the relevant part.


I have an emotional thing about AMP......meaning that I lost heavily with it on 5th May 2003, & vowed never to touch it again. My fault to some extent, but I still think they did the wrong thing, issuing all those shares to the institutions at a huge discount, leaving ordinary shareholders with a diluted value.

However with emotions aside, it announced the capital return of 40.0/share on 17th Feb this year, & it still continued to go down, then had a few of weeks upturn, then has been sliding down ever since. The ATO approved the tax ruling last week on the 4th May, & its down since then (dn 10.0 today).....the problem is its recovery after ex-entitlement day.....how long will it take if its going down on good news.

The return is good, especially with marginlending. Todays price (10th April) is 646.0, with a LVR of 70%, your investment would be 193.8/share, which would give a gross return of 20.64%. Usually the lure of the dividend gives a stock a reason to rise, but......it has not had any impressive upward moves yet. Maybe on 19th May when the shareholders vote for approval, but ex-entitlement is 20th May if approved.

You are on your own with this one....but one never knows, it might bolt in the last week.

Today (11th April) it rose 20.0, but hardly a blip on the chart.

rozella

 

[dam01]

Re: AMP

amp price up to 6.88. Think i should hold, or get out while i am in front.

 

[dam01]

AMP?

anyone been watching amp? they rose 4.8% today. Think they could higher in the near future?

 

[It's Snake Pliskin]

Re: AMP?

Andrew Mohl of AMP seemed to think they were valued at $7.20 in Feb. I can't remember exactly what was stated.

 

[RichKid]

Re: AMP?

anyone been watching amp? they rose 4.8% today. Think they could higher in the near future?

Dam01, please do not create duplicate threads on AMP, from your post in the proper AMP thread it is clear that you are aware of its existence. I will now merge this thread with the existing one.

 

[ob1kenobi]

Re: AMP higher today - why?

Seems a reasonable stock. Certainly on the improve and the analysts seem to be rejoicing at its return to blue chip status. I'm inclined to keep it on the watch list a bit longer.

 

[Sultan of Swing]

Has anyone got any thoughts on AMP?

I've been holding for 18 months and have a reasonable profit but the growth prospects don't look very exciting but the return on equity is good at 28.8%. I'm still trying to get a handle on all the fundemantals.

 

[It's Snake Pliskin]

Has anyone got any thoughts on AMP?

I've been holding for 18 months and have a reasonable profit but the growth prospects don't look very exciting but the return on equity is good at 28.8%. I'm still trying to get a handle on all the fundemantals.

From a technical perspective I see that it may have been distributing since May.

 

[laurie]

With this being the final capital return for now what will happen with the money AMP will have? does it means bigger dividends unless they have other companies in their sights which I thought was not on the agenda

cheers laurie

 

[PhoenixXx]

Hardly anyone discuss about AMP here as it "used" to be a stable share with the daily movement range of less than 1%. But due to the subprime impact, 2-3%movement a day had been common lately. Now the SP is slumping close to the last significant support at $9. Besides the issues that we have been familiar with (subprime, US stagflation, RBA will lift up interest rate), does anyone have any idea what's happening to AMP? Thx

 

[thevadd]

All I know is todays recommendation ABN Amno as follows:
ABN Amro rates AMP as Buy - Target $11.55 (was $11.45). Factoring in the recently announced sale of Cobalt/Gordian sees the broker lift its dividend expectations for the company by 2c per share for each of the next four payments.
This pushes up its price target slightly and sees the broker maintaining its Buy rating.


Target price is $11.55 Current Price is $9.31 Difference:$2.24 - (brackets indicate current price is over target). If AMP meets the ABN Amro target it will return approximately 24% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in December. ABN Amro forecasts a full year FY07 dividend of 46.50 cents and EPS of 55.60 cents. At the last closing share price the estimated dividend yield is 4.99%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.74.

 

[thevadd]

I am keen to get some in AGF which is AMP's capital growth fund invested in Chinese market. The current price is $1.53
The fund invests in over 1,300 shares listed on the Shanghai or Shenzhen stock exchanges.

 

[PhoenixXx]

I am keen to get some in AGF which is AMP's capital growth fund invested in Chinese market. The current price is $1.53
The fund invests in over 1,300 shares listed on the Shanghai or Shenzhen stock exchanges.

AMP 'was' and probably 'is' still my favorite. And i also hold some AGF. Based on the today's announcement, AGF is currently valued at $2.14 or ex distribution $2.01. As if subprime issue didn't affect it. With last year September's NAV of $2.10, the SP skyrocketed to as high as $2.15.

 

[Garpal Gumnut]

All I know is todays recommendation ABN Amno as follows:
ABN Amro rates AMP as Buy - Target $11.55 (was $11.45). Factoring in the recently announced sale of Cobalt/Gordian sees the broker lift its dividend expectations for the company by 2c per share for each of the next four payments.
This pushes up its price target slightly and sees the broker maintaining its Buy rating.


Target price is $11.55 Current Price is $9.31 Difference:$2.24 - (brackets indicate current price is over target). If AMP meets the ABN Amro target it will return approximately 24% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in December. ABN Amro forecasts a full year FY07 dividend of 46.50 cents and EPS of 55.60 cents. At the last closing share price the estimated dividend yield is 4.99%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.74.

I would never follow a broker's recommendation on AMP due to their excellent record of being totally and absolutely wrong on its direction and target prices in the past.

I am fortunate in being a long term investor and being in and out of AMP at the correct times. This is due to luck as much as science.

I am presently out of AMP.

What I do feel strongly is that this is not the time to be buying AMP.

I enclose a weekly chart back to 1998.

Next support is $9.00.

If it goes through that , then $6.50 to $7.00.

After that its same old same old, back to under $4 or $3.

gg

 

[nitpra]

I recken brokers will also apply common/advanced technical analysis in their studies when recommeding a stock isnt it ?