I am back long AGL $10.18 as it seems to bounce off that level of late.
With the upgraded earnings and i would imagine outlook in the coming August report i am back on as a shareholder, Dividend will close to or more than double on last years as projected and AGL only has $475 million in negative retained earnings to use up so franking not far away into the future payouts.
The balance sheet and cash generation is strong so too green battery investments.
The Government power cash splash will assist in clearing some bad debts for struggling customers in each state as a bonus to AGL, i have traded this now the 4th time since low $5.50s ranges and happy to do so again.
AGL to Keep Benefiting From Higher Power Prices
AGL Energy should continue to benefit from higher power prices while themarket waits on delivery of new renewable and transmission projects, Macquarie analyststell clients in a note. They write that forward prices since May have trended higher amidhigher gas costs and some plant outages, and that the trend for the 2026 fiscal yearlooks the same. They observe that demand across Australia's national electricity markethas grown in three of the last four quarters and expect this to continue amid growth inEVs, electrification and data centers. Macquarie lifts its target price 3.9% to A$11.28and stays neutral on the stock, which is down 1.1% at A$10.63.
- Forums
- ASX - By Stock
- Ann: Updated FY24 Guidance
I am back long AGL $10.18 as it seems to bounce off that level...
-
- There are more pages in this discussion • 53 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$11.84 |
Change
-0.040(0.34%) |
Mkt cap ! $7.965B |
Open | High | Low | Value | Volume |
$11.86 | $11.87 | $11.78 | $1.913M | 161.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1755 | $11.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.84 | 739 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 2735 | 11.820 |
13 | 3468 | 11.810 |
20 | 6941 | 11.800 |
8 | 8672 | 11.790 |
8 | 4268 | 11.780 |
Price($) | Vol. | No. |
---|---|---|
11.830 | 3408 | 26 |
11.840 | 4902 | 14 |
11.850 | 9564 | 13 |
11.860 | 11845 | 9 |
11.870 | 8834 | 11 |
Last trade - 11.09am 02/10/2024 (20 minute delay) ? |
Featured News
AGL (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online