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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forecast underlying profit drop is ~25% not 50% (816 -> 560-660)...
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$11.81 |
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Open | High | Low | Value | Volume |
$11.80 | $11.99 | $11.77 | $25.10M | 2.117M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 15596 | $11.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.83 | 8160 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 15596 | 11.810 |
4 | 11474 | 11.800 |
8 | 15693 | 11.790 |
6 | 21531 | 11.780 |
4 | 16176 | 11.770 |
Price($) | Vol. | No. |
---|---|---|
11.830 | 8160 | 3 |
11.860 | 10402 | 4 |
11.870 | 7765 | 1 |
11.880 | 7765 | 1 |
11.890 | 7765 | 1 |
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