What we learnt: AMP and AGL sell hope on long road back
AMP and AGL, two companies splitting themselves in two after five years of falling share prices, have both delivered earnings surprises. But more pain is ahead.
For very different companies operating in very different industries, there are some striking similarities between AMP and AGL.
Both were established in Sydney in the mid-1800s, just four years apart. Both are battling against dramatic sectoral changes. Both have had investors turn against them in the past five years, with AMP’s shares down 80 per cent and AGL’s down about 70 per cent. And now both are splitting in two through historic demergers.
Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
