AMP - our view on this year's big windfall
Article Abstract:
AMP is an Australian life insurer which has demutualized and members have been given windfall stocks. They can sell their stocks using the free dealing service available until after the flotation, or retain the stocks, since AMP could become one of the biggest 10 companies in Australia. AMP has a number of operations in the United Kingdom, so UK investors may not have problems in assessing the group's progress. Investors can also purchase additional AMP stocks, though there is a transaction fee, and the stock price could be afected by factors such as a major drop in real estate prices.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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UK investors to get Aussie windfall
Article Abstract:
A stock flotation by Australian Mutual Provident (AMP) will benefit some 170,000 policyholders of life insurance products United Kingdom. They will receive an average 2,125 pounds sterling worth of stocks in 1998. AMP owns both London Life and AMP UK, and policyholders with these companies will get free stocks. Policyholders with Pearl will not receive free stocks, though Pearl is an AMP subsidiary. The stocks could rise after they are issued, and brokers are optimistic about their prospects.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Tougher times set to hit Friends float
Article Abstract:
Friends Provident is a life assurer which is to carry out a stock flotation in Jul 2001. The background to the flotation is examined in detail, as is its attractiveness to investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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