AMP - AMP Limited

[Sean K]

I just don't know what to make of today's price action. a few states I believe had holidays. The pattern is still bullish. I'm not a candlestick person but that last bar could be indecision. I just don't know. Any ideas?

gg

I can't get it up on my charts at the moment for some reason, but it's clsoe to a bearish harami in candlestick language, which is a potential reversal pattern. It's not clear on your chart though. Lower volume, so nothing really sinister imo, maybe just indecision. Still longer term bullish while above $5.50 I reckon.

 

[Miner]

I can't get it up on my charts at the moment for some reason, but it's clsoe to a bearish 'harami' in candlestick language, which is a potential reversal pattern. It's not clear on your chart though. Lower volume, so nothing really sinister imo, maybe just indecision. Still longer term bullish while above $5.50 I reckon.

Hey Kennas

What is meant by harami ?

Is it an English word or a technical jargon in candle stick charting ?

For those have worked in Middle East or South Asia would agree that the word harami meant bastard.

Not joking since I am unaware of the terminology of candle stick

Regards

 

[Sean K]

Hey Kennas

What is meant by harami ?

Is it an English word or a technical jargon in candle stick charting ?

For those have worked in Middle East or South Asia would agree that the word harami meant bastard.

Not joking since I am unaware of the terminology of candle stick

Regards

I think it means pregnant in Japanese. Not sure why the formation is called pregnant. Bit odd. If it's a large candle followed by a doji it's called a harami cross. A pregnant cross?

 

[Buster]

Hey GG,

I bought some AMP last week and may do so again tomorrow.

Something is up.

That last bar looks like insiders buying up ahead of an announcement.

Looks like your suspicion was right on the money.. up more than 4% this morning..

Regards,

Buster

 

[Sean K]

This looks promising.

Breaking through that $5.50 ish zone will be a good long term signal perhaps.

A sort of an inverse H&S in there as well.

Looks like a good break. Wary of an over market pull back. Things have gone a bit crazy. Would be nice if that H&S is valid.

 

[Uncle Festivus]

Like a lot of stocks, looking a tad overbought? Closed longs, now short..

 

[ROE]

the higher the market goes the better AMP will become due to the sheer size of fund under management and hello Mr 1% and 2% fee

 

[prawn_86]

Results out and they have declared a 14c 50% franked interim dividend.

Still yielding about 5.5% from my buy in price on dividends alone so im happy with that.

 

[GumbyLearner]

Ewehh! That sounds ugly I'm going to go short on these!

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSSYD11882720090917

SYDNEY, Sept 17 (Reuters) - Australian unlisted property manager AMP Capital Wholesale Office Fund is in discussion with investors to raise A$300 million ($263 million) in two consecutive note issues to repay debt, it said.

"It's not really a typical debt issuance, it is targeted at quasi-equity investors," Henry Elliott, who manages the fund, said.

To participate in the offer, investors have to commit to participate in both tranches, he said.

The issue will consist of two parts. The first note will pay a fixed rate coupon with a maturity of up to 20 months. Upon redemption, it will be immediately followed by a second series of floating rate notes with maturities between 6 and 9 years, paying distributions mirroring those received by equity holders.

Elliott, who did not give more details on the coupons, said marketing of the notes has started in August with plans to close the offer around November or December.

The issue, arranged by AMP Capital, a unit of Australian fund manager AMP Group (AMP.AX), will target funds of funds and pension fund investors in Australia and offshore.

The fund is expected to be rated A-minus by S&P but the notes will not be rated.

 

[drsmith]

I note the DRP for the current dividend is 70% underwritten which suggests to me that the directors are not entirely comfortable with capital position of the current balance sheet.

 

[Sean K]

I'm invested in AMP as a blind fundamental pick based on factors I do not understand.

Bought in because of the break through 5.50 longer term breakout only which I identified earlier with the inverse H&S clear.

$7.00 looks tough, $8.00 even moreso.

When the market falls over again (likely) watch out.

 

[It's Snake Pliskin]

I'm invested in AMP as a blind fundamental pick based on factors I do not understand.

Bought in because of the break through 5.50 longer term breakout only which I identified earlier with the inverse H&S clear.

$7.00 looks tough, $8.00 even moreso.

When the market falls over again (likely) watch out.

Kennas,

What's making you think the market will fall over again, and what do you mean by fall over? A pullback? A lower and longer drop?

 

[Sean K]

Kennas,

What's making you think the market will fall over again, and what do you mean by fall over? A pullback? A lower and longer drop?

Unless the governments start paying off debt, increase rates, allow companies to fail for being crap, and start some regulation of lending practices and opaque financial instruments tied to debt, we'll just fall in the poo again, this time with even more debt. I can't see governments trying to find a way out, just digging us a bigger hole. Fingers crossed they find a way. In the mean time, with all this cash floating about, it has to find a home somewhere. Equities up! For now.

 

[lukeaye]

flip the image kennas, nearly a perfect head and shoulders. i think this stock has some upside maybe ready for wave 5.

 

[It's Snake Pliskin]

Unless the governments start paying off debt, increase rates, allow companies to fail for being crap, and start some regulation of lending practices and opaque financial instruments tied to debt, we'll just fall in the poo again, this time with even more debt. I can't see governments trying to find a way out, just digging us a bigger hole. Fingers crossed they find a way. In the mean time, with all this cash floating about, it has to find a home somewhere. Equities up! For now.

Thanks Kennas for the clarification.

Keeping lending open and accessible is important for the economy.

Cheers..

 

[bloomy88]

Any opinions on AMP's announcement of the AXA asia pacific takeover?

If it goes ahead it would turn AMP into the powerhouse of Australia and New Zealand's superannuation, wealth management, risk insurance and retirement income. This would further leverage AMP to a global upturn, but provide more risk if the world economy double dips.
AMP also acquire AXA with no debt since AMP SA(the French parent company with 53% of shares) would bear the debt in exchange for AXA's Asian operations.

Will be interesting to see how it plays out but the fact AXA SA is in support is a big plus...

Disc: Holding AMP

 

[Datsun Disguise]

The Asian operations are the attractive part of the business in my view - growth potential there far outstrips the A&NZ business. The parent company has been looking to get their hands on the asian assest of AXA APH for some years - but not interested in the Aussie/Kiwi market.

I'd be a bit hesitant taking on an acquisition in this space given the regulatory uncertainty in the financial services area - they could just be buying themselves a bigger headache once the henry and cooper reviews are finished...

AMP would be a juggernaut though... and if they then looked to concentrate on expanding their banking arm....

The aus Governemtn is not keen on Australia losing exposure to investment in the region either, could also be some problerms there to overcome.

 

[bloomy88]

AMP got a bit of a run on later in the day, after closing at $5.87 yesterday early in the day it fell to $5.66 but ended the day up 4.26% to $6.12.

Maybe once investors got to look at the proposal they thought it was a good deal for AMP...

 

[laurie]

Dilution .......... is that going to be a problem especially with dividends which is why I hold it has been a good cash cow for me

cheers laurie

 

[bloomy88]

Yeah dilution could be an issue with dividends in the near term.
I beleive in the announcement AMP said they were going to maintain their payout ratio of 70-80% but that still means that dividends can drop if EPS drops as a result of the new shares issued in the takeover.

What is the percentage of AMP's current shares on issue are they offering to AXA shareholders?