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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 (20min delay)
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Last
$9.86 |
Change
-0.030(0.30%) |
Mkt cap ! $6.633B | |||
| Open | High | Low | Value | Volume |
| $9.95 | $9.99 | $9.82 | $26.41M | 2.670M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 23824 | $9.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.89 | 5347 | 2 |
View Market Depth
| Last trade - 16.18pm 23/07/2025 (20 minute delay) ? |
| AGL (ASX) Chart |