"bloody disgrace - reaping an ozzie resource and ripping off the ozzies themselves
might as well have some bastard come into your shed - take your stuff and sell it back to you at the market at an exorbitant price
then they tell us how their profit is reasonable because of the cost of the market stall and having to transport the stuff
time for some serious thinking about nationalisation I reckon"Nationalisation, eh?
Boy, talk about full-bore neo-Marxist histrionics, replete with lashings of financial illiteracy.
Here's some relevant context:
AGL made an Underlying After-Tax Profit of $399m in DH2023, up from a record low of just $85m in DH2022:
View attachment 5949562To achieve this level of profitability, the company has some $14.5bn of Assets employed:
View attachment 5949565In other words, the company in the past half-year - whose financial result which is causing you to froth at the mouth - generated an annualised Return on Assets (ROA) of 5.5%, up from a paltry 1.1% in the previous corresponding period.
Be assured that the company's Cost of Equity is meaningfully greater than the 5.5% ROA it is currently achieving (the Cost of Equity is probably more than double the current ROA).
So here we have a company not even earning a financial return above its cost of capital, and the resident Marxist is shouting his mouth off about nationalising the company.
Clueless.
Instead of bashing on your keyboard all day every day, maybe you should actually spend some time learning how to properly understand and interpret financial statements, to save yourself from these frequent embarrassments.
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