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Nothing new that the market has not factored into the shareprice
Really? Shareprice is down 4.1% on the ASX at present.
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Only because it went up 5% in the last week, on people thinking it was going to be a turnaround.
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Pleased to be wrong about stagnation of SP. Just where will it stop?
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Originally Posted by bottomfeeder
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.
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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.
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Onward and upward. Where will it stop nobody knows. Looks like long term holders can't wait till 30 June, to get in.
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Sale of Life Insurance to go ahead announcement. Price Sensitive : NO. We will see how sensitive.
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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."
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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
Last edited by King1212; 31-10-2020 at 09:37 AM.
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