It’s interesting they are booking $75m this FY. If I had to guess, they are trying to get as much $$ out the door as possible atm. Why? I actually think they are on target to exceed the upper end of guidance.
A day after they announced the updated guidance (last month), Eraring went down (as did the interconnector) resulting in NSW pricing skyrocketing and hitting the cumulative cap, AGL rebid during this time (https://wattclarity.com.au/articles/2024/05/08may-review-nsw-coal-bidding/).
Politically, upping guidance twice, and then beating it, during a cost of living crisis, is not good for long term business.
News: AGL AGL Energy Says Strategic Partnership And Equity Investment In Kaluza, page-6
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Last
$10.48 |
Change
0.180(1.75%) |
Mkt cap ! $7.050B | |||
| Open | High | Low | Value | Volume |
| $10.43 | $10.55 | $10.39 | $9.848M | 939.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 7367 | $10.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.48 | 3951 | 15 |
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| Last trade - 13.47pm 11/07/2024 (20 minute delay) ? |
| AGL (ASX) Chart |