A director at AMP Limited bought 35,469 shares at 1.430AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
The independent financial analyst theScreener just changed two ratings for the qualification of AMP (AU), active in the Speciality Finance industry. Its market behaviour has improved and can now be considered as moderately risky; its fundamental valuation receives an improved star rating and now shows 4 out of 4 stars. theScreener considers that these elements slightly improve the general evaluation, which passes therefore to Neutral. As of the analysis date February 11, 2022, the closing price ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Our fair value estimate for narrow-moat AMP is cut to AUD 1.80 per share from AUD 2.05 on the likely breakdown of the sale of its life insurance businesses to Resolution Life. Included in the proposed sale are Australian wealth protection, Australian mature and New Zealand wealth protection, and mature businesses. The Reserve Bank of New Zealand, or RBNZ, won’t approve the sale unless assets held for the benefit of New Zealand policy holders are separated from other assets. AMP indicates the R...
Despite AMP's strong market positions in a long-term growth industry, large distribution network, offshore growth options, the very damaging Royal Commission revelations have been an unprecedented disaster. AMP’s heritage brand has been trashed, and its long-term strategy is now uncertain. A wide range of remedial actions have been announced and have been or will be implemented as soon as practicable. Execution is always key, and so far we think the jury is out on whether new management can de...
Our fair value estimate for narrow-moat AMP is cut to AUD 1.80 per share from AUD 2.05 on the likely breakdown of the sale of its life insurance businesses to Resolution Life. Included in the proposed sale are Australian wealth protection, Australian mature and New Zealand wealth protection, and mature businesses. The Reserve Bank of New Zealand, or RBNZ, won’t approve the sale unless assets held for the benefit of New Zealand policy holders are separated from other assets. AMP indicates the R...
We have reduced narrow-moat AMP Limited’s fair value estimate to AUD 2.05 per share from AUD 2.40 due to accelerating structural headwinds in its core Australian wealth management, or AWM, division. Strong first-half 2019 asset market performance is likely to hide increased cash outflows from AWM since the final report of the Financial Services Royal Commission was published in February 2019. In the first quarter of 2019, AWM suffered its highest ever cash outflows of AUD 1.8 billion, an accel...
We have reduced narrow-moat AMP Limited’s fair value estimate to AUD 2.05 per share from AUD 2.40 due to accelerating structural headwinds in its core Australian wealth management, or AWM, division. Strong first-half 2019 asset market performance is likely to hide increased cash outflows from AWM since the final report of the Financial Services Royal Commission was published in February 2019. In the first quarter of 2019, AWM suffered its highest ever cash outflows of AUD 1.8 billion, an accel...
We have reduced narrow-moat AMP Limited’s fair value estimate to AUD 2.05 per share from AUD 2.40 due to accelerating structural headwinds in its core Australian wealth management, or AWM, division. Strong first-half 2019 asset market performance is likely to hide increased cash outflows from AWM since the final report of the Financial Services Royal Commission was published in February 2019. In the first quarter of 2019, AWM suffered its highest ever cash outflows of AUD 1.8 billion, an accel...
We have reduced narrow-moat AMP Limited’s fair value estimate to AUD 2.05 per share from AUD 2.40 due to accelerating structural headwinds in its core Australian wealth management, or AWM, division. Strong first-half 2019 asset market performance is likely to hide increased cash outflows from AWM since the final report of the Financial Services Royal Commission was published in February 2019. In the first quarter of 2019, AWM suffered its highest ever cash outflows of AUD 1.8 billion, an accel...
Narrow-moat AMP's 2018 results show that it continued to suffer elevated fund outflows from its core Australian wealth management business in the fourth quarter. We also expect that AMP Bank’s stellar run of earnings growth will end in 2019 because of disruptions to its key mortgage broker distributional channel and management’s new guidance of higher compliance costs in the business. Moreover, the Royal Commission’s final report also identified a number of instances where AMP and its lea...
Narrow-moat AMP's 2018 results show that it continued to suffer elevated fund outflows from its core Australian wealth management business in the fourth quarter. We also expect that AMP Bank’s stellar run of earnings growth will end in 2019 because of disruptions to its key mortgage broker distributional channel and management’s new guidance of higher compliance costs in the business. Moreover, the Royal Commission’s final report also identified a number of instances where AMP and its lea...
The final report of the Hayne Royal Commission released late Feb. 4, 2019 included no major surprises and is a net positive for Australia’s besieged major banks. Key recommendations are far less Draconian than expected. The government has stated all recommendations will be acted on and the opposition Labor party has confirmed all recommendations will be implemented. Importantly, despite severe reputational damage, in our view, the major banks have navigated through the Royal Commission with do...
The final report of the Hayne Royal Commission released late Feb. 4, 2019 included no major surprises and is a net positive for Australia’s besieged major banks. Key recommendations are far less Draconian than expected. The government has stated all recommendations will be acted on and the opposition Labor party has confirmed all recommendations will be implemented. Importantly, despite severe reputational damage, in our view, the major banks have navigated through the Royal Commission with do...
AMP Limited continues to disappoint guiding to underlying net profit after tax, or NPAT, of AUD 680 million in fiscal 2018, leading to a reduction in our fair value estimate to AUD 2.60 per share from AUD 2.85. The company’s underlying NPAT guidance is muddled by the fact that it includes the losses of the businesses being sold to Resolution Life and by the fact that it only provides aggregate figures. Stripping out the NPAT of the business being sold, the aggregate underlying NPAT of the reta...
AMP Limited continues to disappoint guiding to underlying net profit after tax, or NPAT, of AUD 680 million in fiscal 2018, leading to a reduction in our fair value estimate to AUD 2.60 per share from AUD 2.85. The company’s underlying NPAT guidance is muddled by the fact that it includes the losses of the businesses being sold to Resolution Life and by the fact that it only provides aggregate figures. Stripping out the NPAT of the business being sold, the aggregate underlying NPAT of the reta...
AMP Limited continues to disappoint guiding to underlying net profit after tax, or NPAT, of AUD 680 million in fiscal 2018, leading to a reduction in our fair value estimate to AUD 2.60 per share from AUD 2.85. The company’s underlying NPAT guidance is muddled by the fact that it includes the losses of the businesses being sold to Resolution Life and by the fact that it only provides aggregate figures. Stripping out the NPAT of the business being sold, the aggregate underlying NPAT of the reta...
Shareholder concerns over the low price and lack of transparency over the life business sale prompted narrow-moat AMP Ltd to provide more details on the sale and the impact on its underlying business following the sale. The company is at a major inflection point, with a totally new business structure. Its also facing considerable regulatory and political risks stemming from the Royal Commission and is poised for a potential new strategy from the incoming CEO. In these circumstances, the continu...
Despite AMP's strong market positions in a long-term growth industry, large distribution base, offshore growth options, and a strong track record in cost control, the very damaging Royal Commission revelations have been an unprecedented disaster. AMP’s heritage brand has been trashed, and its long-term strategy is now uncertain. A wide range of remedial actions have been announced and have been or will be implemented as soon as practicable. Execution is always key to long-term success, and so ...
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