I posted a couple of months ago that Ord Minnett had suggested AGL could be worth more than $10 per share based on the Meridian Energy deal that had recently taken place;
The broker also notes the recent deal activity for Meridian Energy Ltd’s (ASX: MEZ)Australian business for a total of $729 million. Shell Energy is going to own the retail business, Powershop Australia. Ord Minnett thinks that the retail division of AGL could be worth more than $10 per share based on the Meridian Energy deal.
Worst case scenario is now $7.50 a share so hopefully only potential moves up from this price. Having the share price at $5 something is hopefully now behind us.
I posted a couple of months ago that Ord Minnett had suggested...
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Last
$11.94 |
Change
0.130(1.10%) |
Mkt cap ! $7.965B | |||
| Open | High | Low | Value | Volume |
| $11.85 | $11.99 | $11.83 | $9.782M | 821.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 4811 | $11.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.94 | 2824 | 20 |
View Market Depth
| Last trade - 13.29pm 04/10/2024 (20 minute delay) ? |
| AGL (ASX) Chart |