real test for AGL will be to repeat profit levels near last half... IMO this is being priced based on yield... not fundamentals. I would like to increase my position - but I want support that it isn't going to retreat more if dividend cannot be maintained.
Still has a way to go to transition energy fleet and there is without question a greater amount of incoming competition on the wholesale supply (tenders for supply in NSW and offshore wind projects clearly show this).
AGL will more likely focus on maintaining customer book and increasing market arbitrage opportunities via BESS like at Torrens Island - then Liddell & Bayswater... before looking for the bigger, more capital intensive builds (wind etc) even if via PowAR Co
AGL Price at posting:
$10.50 Sentiment: Hold Disclosure: Held
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