Trust me you will see AGL taken private within 6 months at a discounted price to its actual value. Probably by MCB himself given he’d have a lot of control over the renewed board with himself as a director. He won’t have much competition because many are afraid of owning coal plants.
Again I’d remind everyone this is the man that wanted to buy your shares for 7.50 a few months ago knowing electricity price is about to take off. He failed to get it cheaply now he sneaked through the back door. Opportunistic and unfaithful as it is!
While the board failed to secure just 15% of shareholders to back the demerger (MCB already owned 10%), majority of shareholders aren’t supporting him.
AGL Price at posting:
$8.87 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)