AMP to IPO in 2019

[macduffy]

Nothing new that the market has not factored into the shareprice

Really? Shareprice is down 4.1% on the ASX at present.

[bottomfeeder]

Only because it went up 5% in the last week, on people thinking it was going to be a turnaround.

[bottomfeeder]

Pleased to be wrong about stagnation of SP. Just where will it stop?

[GTM 3442]

Only because it went up 5% in the last week, on people thinking it was going to be a turnaround.

I keep wondering if I should buy some on the chance that it'll be broken up and the parts flogged off. I have a nagging feeling that there might be some value there that I'm not seeing.

[bottomfeeder]

I am holding. There are a lot of people on Hot Copper that feel this is the beginning of the turnaround in the share price.
I believe that as there is underlying profit of half a billion nearly, that the future looks decent. However wont be greatly apparent until after 30 June. I wouldnt wait till then though, as there will be an increasing SP running up to that date.

[bottomfeeder]

Onward and upward. Where will it stop nobody knows. Looks like long term holders can't wait till 30 June, to get in.

[macduffy]

Today's Stuff article.

https://www.stuff.co.nz/business/mon...mp-zombie-deal

[bottomfeeder]

Sale of Life Insurance to go ahead announcement. Price Sensitive : NO. We will see how sensitive.

[Scrunch]

Big announcement for AMP, with a terrible title.

Announcement title - AMP provides update on portfolio review
https://announcements.nzx.com/detail/362281

First paragraph:
"AMP today confirms that it has received an indicative, non-binding, conditional proposal from Ares Management Corporation, a US-based company, to acquire 100 per cent of the shares in AMP Limited by way of scheme of arrangement."

[King1212]

Classic! CCl also gone...now Amp...

Good timing for private fundies to buy distress companies at current covid climate

Lucky many nzx companies are in a good shape and our covid is under control.. otherwise... many companies will be gone soon