Why we invested in AMP

When you invest in a business like AMP, nobody stops you in the street to tell you what a great investment it is. While the businesses that AMP run may not look very appealing, Simon Mawhinney, Chief Investment Officer at Allan Gray Australia, says it’s the price that you pay for those businesses that looks reasonably appealing.

But despite all the well-publicised problems, there are some potential bright spots for the company. Get Simon’s take on why he sees long-term value in AMP in today’s video.

[bolingerneurenburgh]

The share price has more than halved since you did this interview, Simon.

[Southeastasiantraveler]

AMP - poor leadership, poor investment, bad culture

[seanmcdonald]

A shit business isn't a bargain if it's still a shit business

[craigsaunders]

Then ofcourse after the fact you create high fee accounts and deposit refunds to customers who you basically stole from in the first place. Almost a freekin comedy..
But buy it up fellas there's good money in moping up the sludge on the floor.