Stocks Down Under 4 September 2020: AMP Limited, GDI Property Group, Next Science
AMP Limited: In a toxic relationship breaking up is the right thing to do
Headquartered in Sydney, AMP Limited is an Australian wealth management giant. However, it has had a disastrous couple of years after being rightfully crucified during the Hayne Royal Commission and culminating with the ousting of its Chairman after appointing Mr Pahari to CEO of AMP Capital. Therefore, on 2 September 2020 AMP Limited announced a review of its assets with an eye on a sale or break-up of the company. We believe this is the right move for shareholders and presents a high-risk opportunity that will be easy to miss.
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