forecast underlying profit drop is ~25% not 50% (816 -> 560-660) ....typically utilities hold up to 60% debt due to the very long and stable nature of income... AGL is currently very low geared for its industry.
Agree with @Vynvalor - in regards to the loss of franking credits and IMO combined with the drop in forward looking profit have caused a ST buy opportunity here... AGL is a great company - but for some of the SMSF retirees / tax effective yield funds who are hell bent on not paying more tax (even if the returns are better than interest) - no franking may have been a deal breaker for them.
Very comfortable to keep this one in the bottom drawer
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1 | 1040 | 11.680 |
4 | 11473 | 11.670 |
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Price($) | Vol. | No. |
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11.720 | 4538 | 3 |
11.730 | 6098 | 2 |
11.740 | 7973 | 3 |
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