Why would the Government need to subsidise or compensate AGL, rather they are rubbing their hands in glee.
If AGL didn't have such an appalling, earned reputation for Corporate, Regulatory and Environmental Breaches the Govt would still not bail them out - that's how a democratic free market operates.
The stabilisation of the Grid will have been completed by 2026 allowing full renewable fed-in, base-load will be enabled by pumped hydro and battery storage, again by 2026.
Please remember this at the AGM as the Board either try to bluff or grovel to avoid their second strike and spill.
I have said this in other posts but will say again, the selling you are seeing is simply that of Mum & Dad investors, watch the blood-bath and remember this warning when Institutional / Fund Managers divest due to their own ESG requirements.
Will Government pay AGL to go Green??, page-18
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Last
$10.26 |
Change
-0.020(0.19%) |
Mkt cap ! $6.902B | |||
| Open | High | Low | Value | Volume |
| $10.25 | $10.31 | $10.21 | $13.33M | 1.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7367 | $10.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.27 | 10000 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| AGL (ASX) Chart |