Simon Mawhinney, our Chief Investment Officer, has recorded this video for Livewire.
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, watch the video to see why we believe it’s the price that you pay for those businesses that looks reasonably appealing.
“You don’t pay very much for the nasty part [of AMP’s businesses]. It may end up not having a particularly bright future, but if you’re not paying for it, you should be agnostic…”
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 the video, as well as our Analyst Tim Hillier’s thoughts on why AMP could be significantly underpriced.