29/10/2024 09:27

AMP Ltd (AMP) $1.42

AMP has been the surprise performer in 2024, bouncing back over 50% year-to-date as it slowly turns around its business after a terrible few years. However, after recent strong gains, the stock is no longer a “cheap contrarian punt,” considering ongoing uncertainty around its earnings outlook. We believe this particular horse has bolted, and the company is not fully out of the woods yet

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08/08/2024 17:02

AMP Limited (AMP) $1.28

AMP is having some success turning the ship around, and todays result is another step in the right direction.

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08/02/2024 09:01

AMP Ltd (AMP) 95c

AMP needs no introduction; it’s been a horror story for Australian investors for years, bar the occasional sharp bounce, e.g. 65% in 2022. Last year, the company tried to hide lower margins with the announcement of a new Digital Bank as the company shot itself in the foot one more time.

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17/11/2023 09:20

AMP Ltd (AMP) 85.5c

AMP tumbled -15.8% to fresh multi-year lows on Thursday after trying to hide lower margin expectations with the announcement of a new Digital Bank, not the sort of behaviour required by a company that’s been in the “naughty corner” for over 15 years. They should address investor concerns and not gloss over issues like tight margins through FY23 and into 2024.

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11/08/2023 09:22

AMP Ltd (AMP) $1.15

AMP rallied +4.6% on Thursday following their report with plenty of attention focusing on their decision to pause a $350mn capital return pending the outcome of some legal matters, all very prudent in our opinion especially considering the last few years.

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10/08/2023 17:14

AMP Ltd (AMP) $1.15

AMP +4.55%: the wealth management company announced 1H results this morning seeing a weak reaction from investors from the early sticker shock, however, shares ended higher as green shoots emerged digger deeper into the numbers and outlook.

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05/07/2023 16:47

AMP $1.07

AMP -6.14%: the wealth management company struggled today after losing two test cases in the Federal Court regarding the buyer of last resort (BOLR) program. A number of financial advisers have taken the company to court in a class action after AMP reduced the multiple it paid advisors for their business.

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28/04/2023 09:16

AMP Ltd (AMP) $1.13

AMP received a failed takeover offer from US firm ARES Management back in late 2020, at the time the non-binding agreement was at an implied value of $1.85 with history telling us they should have tried to take the money that week! Less than 6 months later ARES pulled their generous bid and unfortunately, the rest is history. AMP has since consolidated its diversified financial business but we see value finally emerging after years of issues.

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02/03/2023 09:22

AMP Ltd (AMP) $1.055

Many would argue that AMP is back where it belongs in the “naughty corner” having already plunged -21.3% this year following last month’s result which fell well short of expectations. Natural outflows fell from more than $5bn to $2.9bn in 2022, perhaps a decent trend to the turnaround optimists but not an exciting business to traditional investors – “we’re losing fewer customers but it’s hard work” very average rhetoric in our opinion.

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01/03/2023 16:42

AMP $1.055

AMP +1.93%: the wealth management company finished up today despite going ex-dividend on news Dexus has extended the Collimate acquisition deadline to 20 March. It’s been a complex task to unravel the business ahead of the transition, and Dexus has been supportive.

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