An opinion relating to AGL earlier this year was....
"One key factor weighing down AGL is the expected impact of the government’s carbon pricing scheme. AGL expects direct emissions liability of approximately $650 million for the 2013 financial year. It’s a huge liability, but to reduce the burden AGL has invested heavily in renewable energy through wind and hydro electricity generation."
But of course it now looks as though Mr Rudd may dump this tax in a policy back flip or at least alter it dramatically , and we know Mr Abott will completely remove it should he attain power......hence the future share price in my opinion looks a little brighter....indeed it does.
cheers to holders
AGK Price at posting:
$14.45 Sentiment: Buy Disclosure: Held
