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
$10.60 |
Change
-0.150(1.40%) |
Mkt cap ! $7.131B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.81 | $10.54 | $27.55M | 2.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12320 | $10.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.61 | 1223 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| AGL (ASX) Chart |