AMP makes up the trio of household name whose shares have endured an awful few years – the stock has bounced almost 30% since late September but we shouldn’t get too excited when we considered its journey over the last 6-years. We’ve seen the companies Q3 trading update but overall it’s been a refreshingly quiet time on the news front for the financial company which is also considering a potential future following a demerger.
If / when we see an end to capital outflows the picture will instantly become more attractive and we believe the addition of Patrick Snowball as Chairman is a very good move.