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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 6.130
$ 6.150
$ 6.180
$ 6.100
$ 6.120
4,012,195
$ 0.010 0.163 %
Current Broker Consensus Recommendation
Recommendation :
Hold
Recommendation Date :
8th Mar 2010
12 Month Target Price (average) :
$6.986
Brokers Surveyed :
10
Market Statistics
% of Market:
1.1000
% of Sector:
2.3310
Sector:
Financials
Industry Group:
Insurance
Industry:
Insurance
Company Overview
Company Overview
AMP is a leading Australian diversified financial services organisation and a major provider of personal insurance, superannuation, pensions, investment and other financial services in Australia and New Zealand. It has strong positions in many of the markets in which it operates. Based on total assets under management, AMP is one of the largest fund managers in Australia.
Company History
In 1849, the Australian Mutual Provident Society (AMP) was registered under the Friendly Society Act of NSW for providing life insurance products. In 1958, AMP Fire & General Insurance was formed. In 1989, AMP acquired Pearl Assurance, the first of a number of life insurance and financial services acquisitions in the UK. In December 2003, the UK businesses were divested through a demerger. In 1998, the AMP demutualised and was listed on the ASX. In 2000, AMP acquired GIO and sold it in 2001.
Differentiating Factor
AMP enjoys a strong brand name in Australia and is a market leader in many of its products. Its key strengths in Australia include a strong, well-regarded distribution network.
Major Customers & Competitors
AMP operates through financial planners and agents in addition to its direct contact with policyholders and investors. Business is also conducted direct with companies who choose to invest in AMP products. Major competitors include other investment and funds management companies such as NAB/MLC, CBA/Colonial, Westpac/BT/Asgard and ANZ/ING.
Financial Summary
Year to Dec
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2007A
1,056
960
51.3
-0.3
11.9
0.6
0.6
46.0
7.5
85
48.5
2008A
580
810
42.9
-16.5
14.3
0.8
0.7
40.0
6.5
85
41.8
2009A
739
772
38.3
-10.6
16.0
0.8
0.9
30.0
4.9
50
34.3
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
Sydney Morning Herald 13/03/2010 | THE Australian Competition and Consumer Commission has delayed until late next month the release of the findings of its inquiry into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific. The ACCC is seeking further information.
The Age 13/03/2010 | THE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the planned deal.
The Age 13/03/2010 | FORMER Australian Idol finalist Lisa Mitchell made the ultimate credibility leap yesterday when she became the youngest musician to win the Australian Music Prize with her dazzling debut album Wonder.
The Age 13/03/2010 | AUSTRALIA'S economic recovery has been so strong that analysts believe Treasurer Wayne Swan may be on track to bring down a budget surplus next year instead of the official forecast of 2015.
Sydney Morning Herald 13/03/2010 | We Australians appear to be turning into a nation of contrarians when it comes to economics and business. Our economy is booming while the rest of the world is in the doldrums. Our interest rates are rising where others are hovering just above zero and our currency is strengthening as other developed nations race to the bottom.
$ 6.130
