First Impression: AMP-AMP-Interim result
Wealth Protection worsened in the final quarter and that explains part of our miss (1H16 Wealth Protection at $47m versus our $76m expectation) | The company really hasn’t made any progress on the reinsurance of its Life book and indicated this is something that will be done over a longer period of time (this will be received negatively by the market) | Net-flows in AMP Capital are low at -2.6 billion during 1H16 | Net-flows on AMP Investment Platforms at $971m, down from $1,795m pcp | AMP Bank a small bright light in the result with $59m contribution, versus our $56m expectation.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
1 stock mentioned
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets