well we’ll we’ll mr Baldy and who appears as a sub holder? By...

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discostu89

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02/03/22

14:47

Post #: 59928969
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Originally posted by baldynumbers: ↑

"$10 price target secretly reported from unamed instos...." I call bullshit

Last years financial reports listed three substantial holders (from notices lodged to ASX)
"In a substantial holding notice dated 15 March 2017, BlackRock Group advised that as at 27 February 2017, it had an interest in 40,935,468
ordinary shares, which represented 6.09% of AGL's ordinary shares at this time.
In a substantial holding notice dated 26 November 2019, Vanguard Group advised that as at 22 November 2019, it had an interest in 38,926,303
ordinary shares, which represented 6.03% of AGL’s ordinary shares at this time.
In a substantial holding notice dated 1 February 2021, State Street Corporation advised that as at 28 January 2021, it had an interest in 38,131,163
ordinary shares, which represented 6.12% of AGL’s ordinary shares at this time.

Blackrock sold that 40m of shares in Nov-21, Vanguard sold their 38m shares Nov-21 State Street sold their 38m shares Sep-21.... so that means there are no remaining substantial holders from the FY21 annual report listing... plenty of companies such as Milton & Argo which hold multi-million shares but dont even make half percent holding in company. The are not small... but technically a holding is only substantial @ 5% of SoI

TBH Have no doubt, AGL had massive fundamental issues regarding its future - hence the devaluation - you could also correlate the devaluation of the business relative the dividend it is paying (and obviously the level of profit that the company was generating to pay that dividend as a standard % of profit)... a yield of 10% was clearly unsustainable... now it is 4%. A lot closer to normal.

this letter is a marketing stint which shows that they havent really done much since Redman took the wheel - other than destroy a whole lot of shareholder value. Clean AGL underwriting 3 GW of renewable capacity is not the same thing as owning it (this would be the TLT development pipeline becoming available IMO)... it means that they will again be exposed to PPAs which may cause impairment if they fail to correctly hedge movements in price compared to the agreed rates. They promote all the new generation that they have created since 2003... yet fail to mention that they sold it all into a purpose built vehicle of which they own 20%... and that the impairments on the PPAs from those assets have been horrendous.

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well we’ll we’ll mr Baldy and who appears as a sub holder? By the way blackrock are notiorous shorters…

anyway vindication if the $10 target is confirmed!! Boom

AGL Price at posting: $7.40 Sentiment: Hold Disclosure: Held
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Last $9.74		Change 0.010(0.10%)		Mkt cap ! $6.552B

Open	High	Low	Value	Volume
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4	44103	9.700
2	500	9.690
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