A large part of this company's business is terminal decline, a cursory glance at the 10 year chart shows that.
Government policy, public opinion and new technology make it unprofitable to keep running a fossil fuel generation business. The irony being fossil fuel generation is absolutely essential to keeping Australia's lights on! Government recognises this and has threatened to build a gas peaking plant in the next few years if private enterprise does not invest in this guaranteed loss making infrastructure.
It's a fascinating conundrum. Government designs a scheme to make fossil fuel generation less competitive with a view to phasing it out. Private enterprise invests in new generation which brings forward fossil fuel plant closures (as per the scheme design). These closures threaten the integrity of the grid, so government expresses an intention to build loss-making, tax payer funded fossil fuel generation business to keep the lights on!
Well done Comrade.
A large part of this company's business is terminal decline, a...
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$10.24 |
Change
0.060(0.59%) |
Mkt cap ! $17.64B | |||
| Open | High | Low | Value | Volume |
| $10.20 | $10.24 | $10.13 | $21.38M | 2.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19660 | $10.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.25 | 13801 | 3 |
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| ORG (ASX) Chart |