I think Government must support AGL, page-2

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Christos12

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13/08/21

16:54

Post #: 55274833
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Originally posted by bobgg: ↑

I think Government must support AGL. I cannot imagine Australia without electricity and AGL is the biggest gentailer in Australia. The market cap has dropped to $4Billion which to put that in perspective, it is almost same as Zip money. This sounds like a joke which has come to reality at the expense of us shareholders which most of us are holding from above $15 per share.
I think we need a royal comission to investigate whats behind this massive drop. Yesterday I could see parcels of 500K shares being dumped on the sell side to push the price this low.
I don't think its got anything to do with weak hands as most shareholders wont sell this cheap.
ASX mostly follows US market. Surprisingly when I checked the US market ,some US gentailers have reached their all time high now. That is what makes this huge fall for AGL suspicious and worth an investigation as we are being rubbed in the daylight by whoevers behind this.

Also about the Elec wholesale prices:
If Government has caused Wholesale prices to fall to the extent of loss making for gentailers, then I think government should subsidise electricity and compensate the gentailers . It shouldn't be us shareholders subsidising this with our own hard earned savings.

If you look at pharmaceuticals , some medications that we can buy for $10 at the chemist are being sold for few hundred dollars by Pharma Companies. They get subsidised. Otherwise these pharma companies would go bust and no one wants that. I think same should happen with Electricity market. If it is not a free market and its being regulated , then it should be subsidised.

Please share your opinions.
IMHO, DYOR

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"I lost money on a stock. I demand a Royal Commission and a bail out".

This is the most ridiculous post I've ever read.

AGL Price at posting: $7.47 Sentiment: None Disclosure: Not Held
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Last $10.34		Change -0.100(0.96%)		Mkt cap ! $6.989B

Open	High	Low	Value	Volume
$10.45	$10.46	$10.33	$8.566M	823.6K

Buyers (Bids)

No.	Vol.	Price($)
16	3577	$10.34

Sellers (Offers)

Price($)	Vol.	No.
$10.35	7454	32

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No.	Vol.	Price($)
29	7764	10.330
14	8392	10.320
11	21888	10.310
20	37891	10.300
7	51932	10.290

Price($)	Vol.	No.
10.340	9030	29
10.350	14655	34
10.360	8281	16
10.370	15540	15
10.380	18375	11

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