Two bucks a piece and they can have mine :)
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Two bucks a piece and they can have mine :)
Why not round it up to $3.00
In all seriousness though - Could be a goer for AMP - depends on how much they are prepared to pay, still must be a lot cheaper than starting from scratch.
Agreed and seriously they could have a go at $1.50 or thereabouts and make a case that on a 2015 PE of 16 times the official mid-point of forecast range which equates to 9.33 cents per share that's a more fulsome PE than most of the regional banks in Australia and also the major banks. Jeff would then need to come clean with how well the company is presently trading and update 2015 guidance...it would make for a good scrap that's for sure, (not that I'm wishing for it to happen), as by my reckoning once 2016 guidance comes out late next year it'll be within a bulls roar of $1.50 anyway and heading towards $2.00 sometime in 2016 or 2017. Why give those future potential gains to AMP ? In the news it looks like the big Aussie banks are in the gun for some really serious capital raising. Cap rates are too low at around 8.3% on average, no problem with HNZ at 14% :)
http://www.smh.com.au/business/banks...07-1221dd.html
Seller side looking pretty thin
Percy, Winner69 and I could list some at $2.00 and give AMP a target to hit. I did, just for fun :D
I bought 12,000 at 1.15 from the sale of some chorus shares. I'm easily led ;)