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
BREAKOUT... NEXT STOP $13, page-4
Add AGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.23 |
Change
0.030(0.29%) |
Mkt cap ! $6.848B | |||
| Open | High | Low | Value | Volume |
| $10.25 | $10.40 | $10.14 | $25.49M | 2.489M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26732 | $10.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.24 | 5270 | 3 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$10.24 |
Change
0.030 ( 0.52 %) |
||||
| Open | High | Low | Volume | ||
| $10.26 | $10.40 | $10.14 | 582342 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| AGL (ASX) Chart |