RE: Amp rns28 Sep 2018 09:26
Per AMP, the agreement is in principal - so not straightforward as usual.
The problem they have now is that they are asking the lenders to accept the equity risk here - to us thats OK as it looks great but to a lender, they want security only and with a margin of safety.
More uncertainty there.
Re AMP as a co, total avoid as the directors will only be interested in getting their considerable loans back - they have been bloodied too badly to continue with their model - its just too long term for an underfunded company