The announcement of Telstra energy retail licence, plus the entry of Shell Oil into industrial / commercial markets and Enel also looking for an entry - will surely reduce the immediate forward value of new AGL retail... more genuine competition = higher churn and lower margin for AGL.
I had been approaching a point where I thought the SP may actually float for a while (based on the future value of NEW Agl Retail) - now I fully expect the next round of broker reports to reduce their valuations.
$5 is a long way from where AGL once was... will it get that low?
News: AGL Alcoa to restart long idled capacity at Australian aluminium smelter, page-25
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Last
$10.34 |
Change
-0.040(0.39%) |
Mkt cap ! $6.956B | |||
| Open | High | Low | Value | Volume |
| $10.30 | $10.34 | $10.24 | $41.89M | 4.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1900 | $10.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.34 | 24722 | 6 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| AGL (ASX) Chart |