@Newbee01, I didn't say it "earns you $30m" > I said you get back $10m that you placed with the regulator and the hedge makes a $20m profit. This is a one -off and is only happening doing to their hedging policy and the currently "broken energy market". FWIW, alot of the small retailers are doing exactly the same thing.
The larger retailers with 200,000 customers are regulated by the state government. Last think that AGL wanted was 25000 new customers to come over to them under the current circumstances of capped pricing vs the wholesale market. BUT they are required to accommodate the customers and book in larger and larger losses.
But thanks for your concern as a non holder of the stock.
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Mkt cap ! $24.32M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $7.21K | 53.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 525640 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 201203 | 3 |
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No. | Vol. | Price($) |
---|---|---|
3 | 525640 | 0.125 |
3 | 505312 | 0.120 |
2 | 459782 | 0.115 |
1 | 100000 | 0.110 |
3 | 10550 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 201203 | 3 |
0.140 | 51840 | 1 |
0.145 | 454641 | 3 |
0.150 | 457840 | 5 |
0.155 | 200000 | 1 |
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