I think small share holders need to be aware that MCB's interests don't align with their own best interests. Clearly, MCB wants to take over AGL and pay as little as possible. it is threfore in MBC's best interests to run the company into the grounds, trash it's share price and buy the company out at a bargain price.
What better way to do this than to shutdown the money making coal fired power stations and to overcommit capital on renewables? Hence, the plan for the early shutdown of coal fired power stations and to spend $20billion on renewables. AGL will then get into financial trouble.
MCB will buy AGL out at a fire sale price complete with its $20 billion of renewable equipment and restart the coal fired power stations to save Australia from the deliberately engineered energy crisis and then make a personal fortune out of his bargained priced 100% owned AGL and at the same time look like the White Knight that saved Australia from his deliberately brought on energy crisis.
Share holders need to wake up to how they are being played and stop voting to have MCB screw them over.
They also need to get the weak as piss AACC to put MCB's dealings with AGL under the microscope to protect share holders and consumers from being screwed over.
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1 | 12007 | 10.580 |
6 | 10674 | 10.570 |
2 | 3027 | 10.560 |
3 | 2567 | 10.550 |
Price($) | Vol. | No. |
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10.630 | 3100 | 2 |
10.640 | 5000 | 2 |
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