AMP to IPO in 2019

[Lego_Man]

But the fortunes of a funds management company are closely linked with their performance on behalf of clients and shareholders. Poor performance results in an outflow of clients' funds - and vice versa - as fluctuations in the SP's of Australian listed funds managers has shown over recent years.

Valid point, but a bull market masks many sins, and the effects of short term/compromised decision making may take long periods to play out.

[macduffy]

But the fortunes of a funds management company are closely linked with their performance on behalf of clients and shareholders. Poor performance results in an outflow of clients' funds - and vice versa - as fluctuations in the SP's of Australian listed funds managers has shown over recent years.

To illustrate. AMP's outflow of funds in the Sept quarter increased to $1.485billion compared to $243million in the same quarter last year.

[GTM 3442]

As an inveterate bottom-feeder, I'm just wondering if there will be anything worth having left on the bones of this old dinosaur at the end of the day.

[Sideshow Bob]

To illustrate. AMP's outflow of funds in the Sept quarter increased to $1.485billion compared to $243million in the same quarter last year.

Recent study showed that they were the worst performing fund managers for KiwiSaver - but above average fees!

https://www.nzherald.co.nz/business/...ectid=12151576

At the other end of the scale, AMP has been one of the worst performing providers. Over a 10-year horizon it generated the lowest annual returns among conservative, moderate, balanced, growth, and aggressive classes. In all but the conservative option, its fees were above average.

[Joshuatree]

I Fee Dead People

PURSUIT OF POSSIBLE MISCONDACT:

Hayne referses cases to APRA and ASIC
CBA - "Conflicted remuneration"
AMP - For outsourcing services on insurance
IIML (IOOF) - Failed best interest of members
Suncorp -- (didnt see)
FREEDOM - Unsconsciounable conduct
YOUi - Breaching duty of good faith
Allianz - 3x for Misleading deceptive conduct
NAB - CEO + Chair critices

[youngatheart]

FY results out on 13 Feb. Any ideas on what we might expect? Could this be a turn around stock?

[peat]

agree with Mogul. its not going to change quickly , so you definitely want to wait until there are more than just green shoots.

[Joshuatree]

Some of the parts
I read somewhere that AMP capital and AMP bank are still excellent profitable business but have been thrown out with the bathwater investment side of the business.Keeping a watch for later maybe.

[macduffy]

FY results out on 13 Feb. Any ideas on what we might expect? Could this be a turn around stock?

Not yet, it seems.

https://www.abc.net.au/news/2020-02-...ction=business

[bottomfeeder]

Nothing new that the market has not factored into the shareprice. At least its not things have gone very wrong. Next time after the end of June will signal the increasing SP.