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AMP shares

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They are in a touch of strife. How low? Can't answer b/c of some smokescreens. Check their p/e ratio against their industry.
You did well. Better if you took some puts. I no longer do retail. Just individuals / orgs with buckets of $....M$100+.

We need a finance / investment board here.:)
 
Originally posted by knuckles

We need a finance / investment board here.:)
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I'll go with that. :D

Oh and anyone who bought AMP shares expecting them to be of value over the past two years deserve to lose money. Parents only had them because of the policy and I think sold them straight up when floated. Will probably go down further but I think they are more fairly priced than at the start.
 
Originally posted by Katthawk
I'll go with that. :D

Oh and anyone who bought AMP shares expecting them to be of value over the past two years deserve to lose money. Parents only had them because of the policy and I think sold them straight up when floated.
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Wish I had done that, had a mate who sold on the day they floated and made a tidy sum. I'll never take financial advice off my old man again, good thing is though he's in the same boat as me so all's fair. :D
 

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Yeah, I had some. I sold them 3 years ago for something like $17.50. I wasn't that happy at the time, because I remember them being at almost $20.00 a year or so before.

I recall someone calling 3AW's money advisor a couple of weeks ago (when the share price was about $8.00). The lady had been cold-called and offered $5.00 for her shares, and was advised that these unscrupulous types will prey on the weak and rip them off.

I wonder what these people would offer her now?
 
Originally posted by knuckles
They are in a touch of strife. How low? Can't answer b/c of some smokescreens. Check their p/e ratio against their industry.
You did well. Better if you took some puts. I no longer do retail. Just individuals / orgs with buckets of $....M$100+.

We need a finance / investment board here.:)
Click to expand...

I'd be all for it, but I think you'd find the risk of ASIC sniffing around (despite whatever disclaimers you could come up with) would mean it'd be a certain no-no.

As they say, the trend is your friend, and the trend on AMP is not good. But given the current global scenario, a lot of stocks are in a big downturn, AMP being hit one of the hardest. I'm sure all those who hold Telstra shares would be feeling some pain as well. Once we see the back of any threats of war or war itself things may start to improve. Anyone who brought into banks six months ago would be sitting on some hefty losses, CBA for example has gone from near $35 down to under $24, NAB is down from $36 to $28. If you'd been dabbling in puts for the last six months, I salute you.

How high did AMP get on their first day of trade? It was close to $50 wasn't it?

Any thoughts on the Promina float?

Disclaimer: I am not a licensed financial adviser so don't listen to what I say
 
The AMP is paying heavilly for it British interests. They have done something like what so called rogue trader Nick Leeson done. They bet on the Financial Times Index staying above the 4000 mark. Where it was above, they were in the clear and making profits. But for every 100 points it falls below 4000 they lose to the tune of $300 million.
 
For those who came in late, the FT Index is an "Indicator measuring the daily movement of 30 major industrial share prices on the London Stock Exchange, issued by the UK Financial Times newspaper. Other FT indices cover government securities, fixed-interest securities, gold mine shares, and Stock Exchange activity."
 

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Originally posted by Grendel
Who are you?

Im you of twenty years ago

Then why the %&#* didnt you buy Microsoft shares when you had the chance!!!
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If you bought $20K in 1986, they were worth $15M in 2000.

I know:(

The tea lady at their HQ, long time employee (share scheme etc) is worth over $10M:p
 
yep sold mine straight away for a tidy collect.Helped me to buy a house for 83000 that is now worth arounddouble that not bad for a Frankston Nuffy!!!!
 
Buy in doom, sell in gloom.

Although it's hard to pick whether they are in so much strife that they could do an Ansett.

If they are strong enough to keep going, I've got no doubt that they will go back up at least into the 20's.
 
A few weeks ago my folks had a call being offered cash for their AMP shares, they declined the offer but several offers have been to shareholders and it may not be as bad as it is being portrayed.
I say keep them.
 

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