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AMP, AMP LIMITED
joules mm1
post Posted: Yesterday, 10:33 AM
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#swings
#resistancebetter as a tradable instrument than an investment instrument..until

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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
rog
post Posted: Sep 21 2019, 03:06 PM
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In Reply To: early birds's post @ Sep 21 2019, 12:50 PM

I got tired of the 2nd guessing and dumped the lot and am shifting into an offshore investment fund. AMP have had enough rope and it’s not my job to make excuses for them - they may have some good assets but their management of those assets has not been to the shareholders benefit.



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With money in your pocket you are wise, you are handsome, and you sing well too.
 
nipper
post Posted: Sep 21 2019, 02:11 PM
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In Reply To: early birds's post @ Sep 21 2019, 12:50 PM

Yep, you don't know you you've bought at the Absolute LOW until the next day, or even quite a while afterwards. Falling knives and all that.

When the brand is being trashed, it's not really possible to use historical data to make a case for the future.

Though with 98% of current shareholders not taking up the (deeply discounted) SPP, it does tend to indicate a bit of Investor Fatigue.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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early birds
post Posted: Sep 21 2019, 12:50 PM
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https://www.sharecafe.com.au/2019/09/20/is-...-wade-into-amp/

One of the worst things an investor can do is try to pick a low. Firstly, the exact low is never picked which means that at some point you are incurring a loss. Secondly, when you are incurring a loss the psychology suddenly becomes that with every new low the share price drops too, represent an even “cheaper” price and “better value”. I think we have all said at one point following this strategy, “that’s got to be the low”.
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lmaosmiley.gif till these day, i still falling to this trap some times. even it's a lot fewer than before. good remind to us all.

but , i start to think of AMP, NOT JUMP IN JUST YET. but do keep eye on it. at it's current level it's worth it ---even for few months trade. IMHO




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nipper
post Posted: Sep 16 2019, 10:43 AM
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Most sensible and/ or bitten / twice shy investors have given this company a wide berth. I mean, the news keeps coming; sometimes bad sometimes awful:
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Almost 98 per cent of AMP’s retail shareholders decided against buying more shares at a heavily discounted $1.60 a pop. And yet, the stock closed on Friday at $1.86. assuring everyone who did participate in the share purchase plan an immediate 16.3 per cent gain.

At least AMP’s board are attentive enough to spot a bargain when they see it. David Murray, John Fraser, Andrew Harmos, John O’Sullivan, Andrea Slattery, Peter Varghese and Mike Wilkins took up their full entitlements, each putting down $15,000 to buy 9375 AMP shares that were worth $17,156.25 on the very day of their issue.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 14 2019, 09:02 PM
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In Reply To: OZGAZ's post @ Aug 9 2019, 05:56 PM

Still some heavy shorting activity going on here - 3 notable short alerts in last 3 trading days. Total short positions as at 8 August 2019 = 9.17%
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Tue 13th Aug, 2019 29,390,736 2,946,493,058 0.99% 45,470,490 64.64%
Mon 12th Aug, 2019 27,728,952 2,946,493,058 0.94% 72,998,083 37.99%
Fri 9th Aug, 2019 29,223,175 2,946,493,058 0.99% 96,077,998 30.42%

https://www.shortman.com.au/stock?q=amp

extract from AFR article
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Before last Thursday's half-year results – at which the wealth manager also announced a $650 million capital raising – a group of investors were betting heavily that they could profit from a further collapse in AMP's share price.

They had built up large short positions, equivalent to about 10 per cent of the entire AMP share registry.

But any hopes they had of realising a quick profit by using the equity placement to cover their short positions were left in tatters when AMP announced that all the new shares would be issued to existing shareholders.

This left short-sellers scrambling to buy shares to cover their short positions when AMP shares resumed trading on Friday, causing the share price to spike 11.6 per cent to $1.93.

Read more about the "challenges" "legal action" and management departures - https://www.afr.com/companies/financial-ser...20190814-p52gyj
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

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OZGAZ
post Posted: Aug 9 2019, 05:56 PM
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Off out of the gates early from the trading halt and straight into green which I thought was interesting given there is a floor price of $1.50 on the capital raising.....thoughts anyone



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Smile while TRADING it's only money... :)
 
nipper
post Posted: Aug 8 2019, 11:52 PM
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Headline....
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AMP advisers shocked and furious
....byline:
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AMP's Francesco De Ferrari may have had little choice but to drastically alter AMP's troubled business model but AMP's army of financial advisers are still shocked and angry.
- yes, possums, but you collectively were quite happy to take the trails and undisclosed benefits, to do bugger-all work and have the 'entitlements' to roll in.
What goes around, comes around




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Aug 8 2019, 10:00 AM
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In Reply To: blacksheep's post @ Aug 8 2019, 09:57 AM

AMP launches $650m placement, SPP to follow
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The bookbuild will be run with a $1.50 a share floor price, which would be a 13.3 per cent discount to the last close and a 15.7 per cent discount to the 5-day VWAP.

https://www.afr.com/street-talk/amp-launche...20190807-p52eo4



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Aug 8 2019, 09:57 AM
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AMP plunges to $2.3b first-half loss and asks shareholders for another $650m
By business reporter Stephen Letts
Updated 17 minutes ago

QUOTE
The news does not get any better for the deeply troubled wealth manager AMP, which has posted a $2.3 billion first-half loss.

Key points:
AMP's calamitous 18 months since the banking royal commission started has resulted in a $2.3b write down in value and 70pc fall in its share price
Shareholders will be asked to tip in another $650m to fund new 'growth initiatives'
AMP is making a second attempt to offload its troubled life insurance business for $3b

The plunge back into the red was entirely due to a predominantly non-cash $2.35 billion impairment charge, which the company said was "taken to address legacy issues and position AMP for the future."

Putting the impairment to one side, the underlying profit was not great either, coming in at $309 million, a 37 per cent decline on the previous corresponding period and well short of analyst forecasts of $390 million.


https://www.abc.net.au/news/2019-08-08/amp-...f-loss/11394030



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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