AMP has threatened and failed to rally on a regular basis over the last 5-years, a great example of “the trend is your friend” and in this case its clearly down. Overall our “Gut Feel” is value is slowly emerging but negative sentiment is entrenched hence we would only consider AMP as an aggressive play under 90c but this is not one for MM, remember we are looking to migrate further up the quality curve this year and that’s not AMP until further notice.
MM likes AMP as an aggressive play under 90c
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