You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: AMP Limited (AMP) is an Australasian wealth manager and life insurer. The group comprises AMP Financial Services, which owns an Australian financial planning network, and AMP Capital Investors, a fund manager.
Strategy Analysis: AMP’s strategy is to strengthen its position in its core markets of Australia and New Zealand while making selective investments in Asia through AMP Capital Investors (AMPCI). AMP balances investment for long-term growth with cost control and protection of capital and liquidity positions. AMP aims to driver strong value growth by investing in distribution and enhanced products and services. The five growth platforms are: 1. Grow financial planner capacity and broaden distribution: increase planner numbers and improve their productivity, develop broader, complementary distribution channels. 2, Expand to Asia through AMPCI: expand Asian distribution channels and alliances to market existing Australian and global products, establish investment capabilities in Asia to manage Asian assets. 3. Grow customer in high value segments: provide relevant product offers to customers in ways that create value. 4. Reshape AMPCI into a high value-add investment manager: continue to invest in investment professionals to support stronger business growth, expand investment capabilities in specialized, high-margin segments. 5. Invest in key growth enablers; build the brand, attract and retain talented staff, improve technology platforms. The integration of the Australian and New Zealand operations of AXA Asia-Pacific broadens and diversifies AMP’s distribution capability and is generating significant merger synergies.
AMP reported NPAT up 2% to $704m for the year ended 31 December 2012. Revenues from ordinary activities were $16.88bn, compared to $5.68bn last year. Diluted EPS was 24.6 cents compared to 26.2 cents last year. Net operating cash flow was $933m compared to $811m last year. The final dividend declared was 12.5 cents, taking the full year dividend to 25 cents compared with 29 cents last year. In Wealth Management and AMP Capital, operating earnings in 2H 12 were up on 2H 11 by 21 and 42% respectively. Following the merger with AXA, planner and adviser numbers have continued to grow strongly in Australia, while the success of the North platform has helped to grow market share in superannuation and retail managed funds strongly over the past 12 months.
The Age 21/05/2013 |
Optus says its 4G mobile network will reach 70 per cent of the Australian population by mid-2014. The carrier revealed it has upgraded 4000 3G sites to 4G in five capital cities and in Coffs Harbour, the Gold Coast and Byron Bay. It also plans to make its 4G network suitable for customers with dual-band 4G mobile devices.
The Age 21/05/2013 |
Hong Kong private equity firm Quantum Pacific Capital says it is best placed to resolve a dispute over the ownership of a troubled $5 billion copper and gold project in Java and is negotiating to grab back as much as 80 per cent of the project on behalf of former owner Intrepid Mines.
The Age 21/05/2013 |
Shareholders in Transfield Services were bracing themselves on Monday for an earnings downgrade following downgrades by other mine services operators such as UGL, WorleyParsons and the smaller Coffey International last week.
The Age 21/05/2013 |
The whole retail recovery story has wandered perilously off script over the past quarter. The start of the year held the promise of green shoots at the discretionary spending end. But as we near the close of the financial year, the fragile recovery appears to have been nipped in the bud.
The Age 21/05/2013 |
New Leighton Holdings chairman Bob Humphris has moved to dispel fears that its directors remain at war with its German parent Hochtief, insisting the relationship was "collegiate" despite the abrupt resignation of three fellow directors two months ago.
The Age 21/05/2013 |
Australian shares flirted with five-year highs on Monday, returning to levels not seen since the onset of the global financial crisis, as investors were spurred on by signs of strength in the US economy.
Already a member? 
$ 5.550
