AMP Limited

By Intelligent Investor · 20 Sep 2002

By Intelligent Investor ·
20 Sep 2002

Recommendation

AMP Limited - AMP

Current price

$1.12 at 16:40 (24 April 2024)

Price at review

$11.71 at (20 September 2002)

All Prices are in AUD ($)

The king is dead, long live the king - whoever that may be. Following our suggestion on Monday that it was time for CEO Paul Batchelor to pack up and leave, he promptly complied the very next day. And chairman Stan Wallis will be making tracks in a few months as well. But first he wants to find a replacement for Batchelor. This strikes us as strange. In our view Wallis would be better off stepping aside to let his replacement select a new CEO. In any event, recent share price falls mean the stock is not obviously overvalued. We'll be taking a closer look next issue but until then, those who haven't sold on our previous recommendations should HOLD WHILE UNSTABLE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

AMP Limited

Recommendation

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}

{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password

Recommendation

AMP Limited

Recommendation

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}

{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password

Join the Conversation...

Recommendation