what part of AGL currently values it at that price???
At that price you would be implying a current dividend yield of 1-1.5%pa
Patience is certainly required... as while there is absolutely a lot of cash being generated, distributable profit is being impacted by hedging policy (which is prudent management) - AGL has a very large cleanup involved in closing coal plants (unfunded) and very little in the pipeline for development past FiD stage & ready to turn shovel
Execution risk is very real. I would be very happy to see the SP rise to your suggested points, but I cannot see it happening near term.
AGL Price at posting:
$7.26 Sentiment: Hold Disclosure: Held
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