![]() * I have a small shareholding in AMP and some other listed companies, so that I'm able to ask questions at their annual general meetings. Considering this, the Board has agreed for the third tranche of capital return of $350 million to be temporarily paused, with an update to the market to be provided by 31 December 2023." However, with the uncertainty surrounding litigation matters we must remain vigilant towards capital and liquidity. "We remain absolutely committed to returning surplus capital to shareholders. "This will amount to $750m of capital returned to shareholders."īut the company is being sued so much, by so many different groups, it has to hold back money it would otherwise give back to shareholders. If you include last year's dividend and a buy-back scheme ($640m), this year's much more meager return ($140m) looks a lot better. LoadingĪMP chair Debra Hazelton announced a dividend of 2.5c per share, meaning shareholders will get money just for having held the stock. "We expect profit contributions from AMP Bank to remain above 50% of group profits."ĪMP was about to sell its bank a few years ago! Lucky it didn't.Īlso, I'm a shareholder* in AMP and the communications I've received have an interesting note. (It's maintained AMP's rating at BBB-/Positive/- if that's what you're into). S&P Global Ratings, one of the key ratings agencies that look at institutions and governments to determine how good a risk they are, expects AMP Bank to "support positive credit momentum" for the entire AMP group. Hi team, we've had a bit on AMP's 44% profit slump. ![]() That's it from the team today, Kate Ainsworth will be following the market action tomorrow, when outgoing RBA governor Philip Lowe makes his last parliamentary appearance, along with incoming governor Michele Bullock. Overall, the ASX 200 gained 0.3% to 7,357 points. Soaring gas and rising oil prices overnight propelled the energy sector to sharp gains on the ASX today.Įnergy stocks jumped 2.2%, far exceeding the next best sector, which was a 0.6% rise for consumer cyclicals.Īcademic and educational services was the worst performing sector (-2.7%), which was entirely due to IDP Education's fall by the same percentage.ĭowner, QBE(1.2%) and AGL lost ground on profit reports that disappointed investors, while building materials firm Boral pleasantly surprised with its $148.1 million profit based on a 76% jump in its profit margin to 6.7%.ĪMP was also a major mover higher, rising 4.6% to $1.15 on its profit result.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |