Company update: AMP Limited
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I may really have picked the bottom for AMP Limited.
My lowest entry price was AUD 0.865 and have averaged up since.
Pretty happy with that timing which I have been trying to hone the timing skill for the longest time.
There has been rumour on the market that AMP Capital had been approached by a bevy of suitors for its soon to de-merged arm Collimate Capital .
The first name that came up is a familiar name to Singaporean - CapitaLand.
Then EIG was mentioned too.
Then, just today AFR reported that ESR Cayman - the company that is listed in Hong Kong and had just acquired ARA Asset Management is in advance talk with AMP Capital.
Possible Setup:
To recap
AMP is keen to make Collimate independent,
around Collimate multiple suitors are dancing,
Collimate knows that it has to be independent or be married off,
for AMP had set the timeline running and the clock ticking,
suitors want to have the bride,
but no one is certain of the price to pay,
like an auction, may the highest bidder win,
always a chance that others would put in a higher bid,
AMP is keen to see off the bride,
marrying off is the best choice for AMP,
for the dowry comes back to AMP,
rather than risking Collimate to be independent,
and not getting anything back,
but if everything fails,
at least AMP is rid of Collimate,
she shall be independent and no longer feed off AMP
Collimate will then be free to ask her price
if the price is too high, and no suitors arrive…
but if at the right price, all suitors will be there,
fighting, kicking to get into view,
for the beautiful Collimate would once be up for grabs,
from the suitors like CapitaLand, EIG, ESR Cayman and many more