Battered wealth manager AMP Limited [ASX:AMP] has continued its share price slump this morning, tumbling another 2.05%, down 9 cents to $2.35. AMP reported its results for financial year 2018 this morning, finally revealing the scars it received during the Hayne Commission.
Despite the smackdown Australian banks experienced yesterday with the release of Kenneth Hayne’s 954-page report from the Banking Royal Commission, the Big Four Australian banks are trading higher today.
AMP’s [ASX:AMP] share price has fallen by over 3% this morning and is currently sitting at $3.13, at time of writing.
Well, it all comes down to consistency. You need to remove the guesswork and randomness that many traders are prone too. Only then can you create a systematic process.
This morning AMP’s first half net profit plunged 74.2%, from $445 million to $115 million. Shares were trading at $3.35 at yesterday’s close, a drop of 38.3% in as little as six months. There's tough times are ahead for Australia’s biggest financial service company but this doesn’t leave the possibility of a...
So is AMP now good value, or should you simply avoid the company that has suffered (near) irrevocable brand damage? Before I answer that question, first things first. This tells you why actions (and numbers) speak louder than words. It’s also a reminder that large swathes of companies’ annual reports are simply marketing documents.
AMP Limited’s [ASX:AMP] share price has only slightly dropped by 0.30%. The departure of chief executive Craig Meller has prompted AMP to search for a replacement. But this isn't the only reason behind the drop...
AMP released their half-yearly results this morning. Profits dropped more than 15% for the period, totalling $460 million.