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OAMPS shrugs off de-merger rumour

OAMPS isn’t about to split its banking and broking operations and it wouldn’t talk about it even if it was.

That was the company’s reaction yesterday to stockmarket rumours that an unattached OAMPS Insurance Brokers would attract higher multiples than the current OAMPS business model which teams it with subsidiary insurer Australian International Insurance. This, the pundits say, would increase investor interest.

One analyst has suggested the group’s share price would rise as much as 13% after a de-merger.

Communications Executive Keryn Bryant told Sunrise Exchange News that OAMPS doesn’t comment on idle speculation. But she added that the group does not have any present plans for structural change.