One of Redmans parting gifts because they didn't know what to do (IMO) was to increase the dividend payout ratio (to 100% of underlying profit) - in an attempt to maintain the dividend (and hopefully share price) when the NEM market prices were falling - needless to say it did not work.
It was a spectacularly stupid thing to do... leaving nothing for future investment or debt reduction - but clearly - board and management were clueless on how to turn the ship around... hence why AGL heads to demerger.
One of Redmans parting gifts because they didn't know what to do...
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Last
$11.98 |
Change
-0.110(0.91%) |
Mkt cap ! $8.059B | |||
| Open | High | Low | Value | Volume |
| $12.10 | $12.10 | $11.88 | $20.53M | 1.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $11.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.98 | 13553 | 4 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AGL (ASX) Chart |