News: AGL AGL Energy Posts FY Underlying Profit After Tax Attributable $1,040 Million, page-10

Recently Cash in my profits from Banks to this, Their balance sheet is good. Low gearing.
and more interest rate cuts from RBA will further hurt banks profits.

and the global trade war thingy. Really don't want to own anything exposed to the "outside" world

AGL is 100% in Australia correct me if i am wrong.

Easy business. Generate power, Sell Power.

the thing i like is the 5% sharebuyback...... meaning they will not so anything silly coming up to 2020 2021 dangerous times... of recession.

Just keep on milking the electricity and pay us dividends.
This is a good price i like to enter.. $19+

I am staying defensive with Utilities rather than putting in the bank and milking it with options+dividends.. still, substantial income for me to ride out the Sht storm coming... when the trade wars appear in all the economic datas

When miners and banks hit the very lows I will be switch back to them..

Good luck people.. can just sit back relax and drink the "milk" from this Cow..

After the Sharebuyback we would have a few percent boost in dividends anyway.