RE: Re 99% sure that has to be AMP13 Aug 2018 18:49
Hi both.
The rerate will not come when expected. Big boyd control this not us and not news. The sp has been held down for some time - potentially to allow the purchase of 20mill AMP shares at a bargain price. Distressed sellers are often 'worked' in this way.
Without this incredible supply of suppressive selling, the sp will quickly move to a new natural level. Many lth holders are looking at multiples of today's sp so I expect us to find a level well notth of here.
Also - if a new ii wants to build a 5% holding, without the amp supply around, that alone will cause a huge rerate.
Plus, imo, acceptance is a bigger hurdle than approval.
IG