Join our investing community

AMP Share Purchase Plan?

Discussion in 'General Investing Discussion' started by pclorikeet, 20th Aug, 2019.

Tags:
  1. pclorikeet

    pclorikeet New Member

    Joined:
    5th Jun, 2019
    Posts:
    2
    Location:
    Coffs Harbour
    Is anyone considering buying AMP shares under the recently announced Share Purchase Plan? I hold a very small parcel of shares as a hangover from a very past time. They can't go much lower. But will they go higher? Thoughts?
     
    twisted strategies likes this.
  2. Hodor

    Hodor Well-Known Member

    Joined:
    17th Sep, 2016
    Posts:
    297
    Location:
    hodor
    Are you sure they can't go lower? I'm not convinced.

    Have a look at AMP's history in terms of capital raising etc, it hasn't been good for share holders from memory.
     
    twisted strategies likes this.
  3. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,119
    Location:
    QLD
    am not willing to speculate on the fate of AMP

    but using the fates of ARI/OST and BSL as examples

    ( ARI imploded and BSL went on to better things )

    yes they can get worse ( or better )

    i exited AMP in late 2018 ( in profit ) disappointed over the previous 9 years performance

    will need some big changes to improve