forecast underlying profit drop is ~25% not 50% (816 -> 560-660) ....typically utilities hold up to 60% debt due to the very long and stable nature of income... AGL is currently very low geared for its industry.
Agree with @Vynvalor - in regards to the loss of franking credits and IMO combined with the drop in forward looking profit have caused a ST buy opportunity here... AGL is a great company - but for some of the SMSF retirees / tax effective yield funds who are hell bent on not paying more tax (even if the returns are better than interest) - no franking may have been a deal breaker for them.
Very comfortable to keep this one in the bottom drawer
Ann: AGL FY20 Results & FY21 Earnings Guidance, page-29
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Last
$10.66 |
Change
0.200(1.91%) |
Mkt cap ! $7.171B | |||
| Open | High | Low | Value | Volume |
| $10.47 | $10.75 | $10.46 | $32.97M | 3.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 449 | $10.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.68 | 35468 | 2 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| AGL (ASX) Chart |