AMP - AMP Limited

[prawn_86]

Under $4 again. At these prices it offers a solid yield and always seems to bounce up to around 4.20. Will the overall global concern cause it to be different this time?

 

[Sean K]

Under $4 again. At these prices it offers a solid yield and always seems to bounce up to around 4.20. Will the overall global concern cause it to be different this time?

Yep, 7.3% and 11.2 P/E it's almost, if not, better than a bank.

 

[Garpal Gumnut]

Under $4 again. At these prices it offers a solid yield and always seems to bounce up to around 4.20. Will the overall global concern cause it to be different this time?

Yep, 7.3% and 11.2 P/E it's almost, if not, better than a bank.

Sorry guys, I cannot agree.

Looking at a 3 year chart, it has fallen from around $6.50 to $5.00, to $3.50 in a fairly regular fashion.

I would be looking to buy at $2.00.

The Div and P/E can change by a board decision. The charts never.

I would be looking for a decisive move beyond $4.50 on very high volume before considering your tactic.

gg

 

[prawn_86]

Sorry guys, I cannot agree.

Looking at a 3 year chart, it has fallen from around $6.50 to $5.00, to $3.50 in a fairly regular fashion.

I would be looking to buy at $2.00.

The Div and P/E can change by a board decision. The charts never.

I would be looking for a decisive move beyond $4.50 on very high volume before considering your tactic.

Changed your mind on the below then GG? (Bold added by myself)

If you buy AMP at $4 and sell at $6 you will never go wrong.

This stock has an uncanny ability to disappoint believers in its long term ability to provide consistent divis and capital appreciation.

gg

 

[Garpal Gumnut]

Changed your mind on the below then GG? (Bold added by myself)

Yes mate, I have changed my mind.

I should never say never.

gg

 

[prawn_86]

Back up above $4 again now. I'm still of the belief of buying below $4, collecting any dividends, and selling around $4.20 is an easy trade that would happen a couple times a year

 

[polpak]

market appears to be accepting results were better than gloomy recently expecting

 

[laurie]

Back up above $4 again now. I'm still of the belief of buying below $4, collecting any dividends, and selling around $4.20 is an easy trade that would happen a couple times a year

Agree prawn I also take the franking credits as well

laurie

 

[Maxamud]

Just inherited 250 shares in AMP. Saw it last over $5. But can't do much with 250 shares.

 

[piggybank]

Just inherited 250 shares in AMP. Saw it last over $5. But can't do much with 250 shares.

Unfortunately they are worth even less now.

Jobs To Be Lost In AMP Review

A sweeping review by new AMP chief executive Craig Meller will result in job cuts as the financial services giant strives to slash duplication and boost efficiency. While AMP yesterday announced a broad management reshuffle and restructure, an internal memo to staff obtained by The Australian revealed that the group's review will take in its funds management arm, AMP Capital.

This info can be found by clicking on the link supplied - http://www.theaustralian.com.au/bus...t-in-amp-review/story-fn91v9q3-1226803610234#

 

[Maxamud]

Looks like AMP is doing better than they have.

 

[notting]

This thing is trading at 20x earnings, after having just paid it's dividend.
We are talking about a company that has gone backwards ever since it floated and has lost earnings per share since listing whilst the super industry grew exponentially.
Really! Can't you think of something better to do with your money than put it in this?

 

[pixel]

Just inherited 250 shares in AMP. Saw it last over $5. But can't do much with 250 shares.

IMHO there were plenty of opportunities to buy 250 or 2500 more.
Even today wasn't the worst day to do so (I did) as a breakout above $5.085 seems to be imminent.



A successful 4th attempt breakout with good volume would promise significant upside. Technical Traders would love the Bullish ascending wedge and expect about 10% profit.

 

[Craton]

AMP on the up of late, six months to date.



From here: http://shareholdercentre.amp.com.au/phoenix.zhtml?c=142072&p=irol-results

Amongst other info:

Business performance

At the start of this year we outlined our strategy – to fix our insurance business, create a more customer-focused organisation, expand into overseas markets where it makes sense to do so and improve the efficiency of our business. Our results show we are making good progress in all these areas.

In the first six months of 2014, our business unit operating earnings increased by 17% as a result of good growth and tight cost controls (cost to income ratio down 3.4 percentage points). Our superannuation business performed well with an increase in retail money into our investment platforms (up 39%) and good progress on the introduction of our new MySuper products.

While there is still some work to do to return the insurance business to long term profitability, we are seeing encouraging signs of a recovery in earnings. Our claims process has been improved and we are currently in the early stages of developing and testing a new insurance proposition designed to better meet customer needs. AMP Capital has seen a 12% lift in operating earnings as a result of strong management and performance fee growth and is continuing to develop effective partnerships in key overseas markets. We are seeing early signs of success in our joint venture with China Life and improving investments from our customers in Japan as a result of a broader product offer.

We are transforming all areas of our business to better serve our customers and our progress to date has been encouraging. In making these changes we are also improving the efficiency of our business, creating a stronger, leaner organisation with solid foundations for future growth

Long term contrarian play seems to be working out ok so far.

 

[Toyota Lexcen]

AMP on the up of late, six months to date.

View attachment 59178

From here: http://shareholdercentre.amp.com.au/phoenix.zhtml?c=142072&p=irol-results

Amongst other info:




Long term contrarian play seems to be working out ok so far.

seems to be going along well AMP, even with profit down and dividend up performance this year reasonable

with 22% of super industry funds i wonder if big four are looking at this company, i own AMP stock

 

[oldblue]

A lot of water has passed under this particular bridge since AMP was regarded as the "fifth pillar" but I wonder whether it would still be politically practical for one of the four to mount a takeover. I doubt, also, whether they would want to try at this particular time?

 

[Toyota Lexcen]

Interesting, there also a lot of other banks around now like ME bank, BOQ, Bendigo Bank, InG, MacBank which have diluted AMP's status as fifth pillar

I see AMP more like an MLC or pure funds under management play by the big four, be interesting

 

[oldblue]

Interesting, there also a lot of other banks around now like ME bank, BOQ, Bendigo Bank, InG, MacBank which have diluted AMP's status as fifth pillar

I see AMP more like an MLC or pure funds under management play by the big four, be interesting

Maybe. I was thinking more about the sensitivity around allowing any of the big four to become even bigger through takeover. I don't somehow think that would happen.

 

[Toyota Lexcen]

Reasonable trading update out during last week, seems to be hanging on to recent gains

Bit of dividend growth be good now to i reckon

 

[laurie]

Why doesn't AMP use that bank license and become a proper bank ?