Ann: AGL: AGL ceases due diligence on Vocus, page-80

reading further into AGL this morning. Reports they are under immense earnings pressure within the energy sector. Add in Loy Yang outage for AGL and I'm thinking major shareholders told management to take a chill pill on low-synergy takeovers such as Vocus.

Very little in common other than sickly retail component and minor energy retail which the ACCC might have made them sell anyway.

Also Kevin Russell and Co supposedly highly pressured AGL to make up their mind quickly which must have left Redman in a panic whether to pull the trigger or not.

July 3rd should throw some light but I'm still convinced we are on the right track. albeit at a slow and steady pace which the market doesn't like. Matt Hanning purchase last week at $3.05 is a massive tick for me.