RE: Death by a thousand cuts23 Nov 2017 15:16
Well, AMPs latest RNS hasn't helped at all - they need funds to raise funds- I mean why not just keep quiet - or even better - don't give the market specific times in the first instance - what are their bankers / finance creditors going to make of that?
US$31m of debt - even with their MTFB holdings, net debt of US$15m odd. Even their interest pa is way more than their mcap.
A mess is an understatement -.until they sort something out there is a cloud hanging over their 14.1%
That said, without AMP, there wouldn't have been a MTFB