yes majority of the announcement was pre-announced. So I speculated on why the market 'priced down the shares' after the release of IAG numbers. I came up with two figures: a) The dividend is lower than expected, implying that management is not so confident to ramp up the dividends, especially with the increased number of shares on issue after last years significant capital raise. b) There forward guidance for FY22 underwhelmed.
And on my own internal models, remember forget the share price and focus on the NTA, this is the 'float' upon which AIG makes its money. That NTA is significantly below the share price, which means AGL needs to generate a good return on its 'NTA' or float just to justify the difference between its NTA and its share price.
So given all above, I grabbed my small profit and exited.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)