AMP's Share Purchase Plan - Opportunity or a Trap?
I happen to own some AMP shares. They are offering a share purchase plan (SPP):
Eligible shareholders who take up the offer will receive shares at the lower of $1.60 per share or a 2.5 per cent discount on the volume-weighted average price at which AMP trades between 30 August and 5 September.
Eligible shareholders can elect to buy shares worth of $1000 / $2500 / $5000 / $7500 / $10000 / $15000
The current share price is $1.80, which makes the SPP rather attractive (~11% discount). However AMP been crap and the current economic environment is not helping. On the other hand it looks like AMP been beaten into the ground already.
I would appreciate your opinion.
4Go for it (moderately)
0Take full use of it