I am very confused.There are large numbers of the folks involved in this chain with views that the stock has little upside and lots of dowside, however, they continue to hold the stock. Do you need help to find the sell button?
The facts are the outgoing board developed a strategy where one of the new entities would benefit from not being tied to old energy but did not provide a strong case for the opportunity for the other. Forget MCB it was the voting intentions of other shareholders who voted early and it became obvious that the current board had not made an effective case for change and left the stage. Another bungle that cost SH more cash.
Whilst the business has transition challenges, splitting the business further complicates the situation.
The business has a great base, with a board that will now face the realities and not rely on old friends to support their poor management. I am sure we will all better understand the transition towards the EOY. Then we can all make a decision base upon returns and principles.
For the sceptic, press that sell button, maybe Woodside might be a better fit.
AGL Price at posting:
$8.76 Sentiment: Hold Disclosure: Held
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