A lot has happened actually. AGL is the leader in a consortium to buy Loy Yang power station. This power station lost $700 million last financial year. They purchased for 4.7billion (about that) a while back. From the financial review :
The Australian Gas Light Company (AGL) faces a Federal Court battle to purchase the Loy Yang A power station. Graeme Samuel, the acting chairman of the Australian Competition & Consumer Commission (ACCC), opposes AGL's $A3.5 billion syndicate bid for the electricity station. Samuel told Channel 9's "Business Sunday" TV program he would not change the ACCC's decision unless new information was released. AGL and the other syndicate members, Tokyo Electric Power and the Commonwealth Bank of Australia (CBA), have entered an agreement to buy Loy Yang A. AGL's investment will be $A200 million for its 35 per cent stake.
Kman
PS I went short last friday. I think it'll get down to the low $10's
agl - bottomed. should rise now, page-4
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$10.75 |
Change
0.090(0.84%) |
Mkt cap ! $7.232B | |||
| Open | High | Low | Value | Volume |
| $10.62 | $10.76 | $10.61 | $21.42M | 1.998M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11253 | $10.68 |
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| Price($) | Vol. | No. |
|---|---|---|
| $10.75 | 13122 | 9 |
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