Could someone tell those brilliant businessmen running AGL that if they do not know what to do with a cash cow, try giving some cash to the shareholders.
They got their fingers burnt with mobile phones, their toes chopped off in New Zealand and now .... ?
What is an energy trader going to do with 35% of a cash burning power plant that makes huge losses? especially when wholesale electricty price in Vic has been dropping steadily.
I really hope the ACCC will stop this nonsense deal (for a different reason though).
As I do not believe Coles is doing the right thing with this stupid petrol deal, I do not believe AGL knows what to do with a power plant (probably a little bit less than mobile phones). I have sold my CML and I will sell my AGL.
And if I don't, since I got most of them under $9, I will let the board have a piece of my mind at the next AGM.
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Mkt cap ! $7.931B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 4748 | $11.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
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View Market Depth
No. | Vol. | Price($) |
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50 | 19025 | 11.860 |
30 | 23460 | 11.850 |
41 | 21863 | 11.840 |
18 | 12413 | 11.830 |
14 | 12482 | 11.820 |
Price($) | Vol. | No. |
---|---|---|
11.870 | 9338 | 14 |
11.880 | 36039 | 21 |
11.890 | 20561 | 16 |
11.900 | 73723 | 30 |
11.910 | 51084 | 8 |
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