Who is watching the upcoming company split at AGL? Are there any smart and more experienced investors out there who can tell us whether it will likely create significant value? My tentative thesis is that it will, and also that the current low price of the stock is likely to protect investors who are hoping for that boost from any downside. Is there someone smarter than me who can weigh in?
I found this on AGL’s website, explaining the split:
https://www.agl.com.au/about-agl/investors/structural-update
It is likely to take place by June. I’m currently gathering cash to buy this stock and would love some wise words before I do so.
I know buying before a split or spinoff is an old strategy, but it seems to still make sense. I found the attached in Joel Greenblatt’s classic investing book, You Can Be a Stockmarket Genius.
Who is watching the upcoming company split at AGL? Are there any...
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Last
$9.47 |
Change
0.010(0.11%) |
Mkt cap ! $6.340B | |||
| Open | High | Low | Value | Volume |
| $9.44 | $9.48 | $9.42 | $4.135M | 438.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 7101 | $9.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.47 | 4514 | 23 |
View Market Depth
| Last trade - 12.22pm 01/05/2024 (20 minute delay) ? |
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Last
$9.47 |
Change
0.010 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $9.42 | $9.47 | $9.42 | 134358 | ||
| Last updated 12.39pm 01/05/2024 ? | |||||
| AGL (ASX) Chart |