So many reasons to own this stock ... - huge earnings momentum given electricity prices (an upgrade, and typically there are more) - FY24 guidance is a strong signal from management and c15% above consensus - short covering underway - Board issues appear to have resolved themselves - renewables funding pathway well explained at strategy day (not as bad as many envisaged which is positive for sentiment) - and of the capex, I don't think people get that AGL's capex will be skewed towards "firming" which should achieve a much better IRR (they're leaving the 6% stuff to the super funds, and so they should) - and the earnings multiples are low
Risk always that they have generation problems ...
But this feels as strong as 10 men ... IMO DYOR GLTAH
AGL Price at posting:
$10.73 Sentiment: Buy Disclosure: Held
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