there is changing sentiment from shunning such organisations to actively engaging with businesses that need to change (and have demonstrable appetite to change).
AGL is now a more fertile environment to engage with (BoD and management alignment, and less poisonous from a PR perspective). Being able to point to Liddell closing is a big tick.
In the end - with returns across all sectors down, a global recession looming and future revenue looking good at AGL, institutions need to make money - the management at AGL are just making it easier for them to jump on board.
Also, fundamentally Origin is not much different to AGL - those investors need to go somewhere in the next year…
AGL Price at posting:
$8.78 Sentiment: Buy Disclosure: Held
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