As much as I’d like to see this happen, this won’t happen in coming weeks unless there was a takeover offer.
My guess is this price point ($13) would be more realistic once the following conditions were met: - Sustained high prices without major elevation requiring government intervention - DMO being passed through as projected, with forecast increases for FY24/25 - Reliability of power plants over winter - Bottomline uptick for full year, ideally beating analyst expectation, demonstrating the bottom has been passed - Forecast increases in FY24 bottomline - Origin deal approved and Origin off market leading to institutional $$ being cycled to AGL - Dividend payout not being materially affected by future renewable investment strategy
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