now looking like the short of the century!!, page-4

re: now looking like the short of the century!! km AGL reported their profit today (see below)

I was also watching AGL as a potential short yes it is in an upward trend but no stock moves in a straight line.

Todays profit result though looks like it will support the price for a bit longer yet. Could easliy have been the other way going by companies releasing good results lately and still getting hammered.

AUSTRALIAN GAS LIGHT No.130654472




Sydney - Thursday - March 6: (RWE) - AGL Company today announced
a net profit of $190.6 million in the six months to December 31, up from
$82.9 million for the first half of last year.
Revenues were up 21.3 per cent to $2.1 billion from $1.73
billion.
Earnings per share were 44.1c, up from 22.6c.
Interim dividend has been increased from 25c to 26c, franked to
16c, payable on March 28 to shareholders registered March 14.
Chairman Mr John Phillips said: "These are strong results,
reflecting AGL's clear corporate strategy and its commitment to market
leadership in the energy industry.
"The half-year also saw the introduction of a modern
constitution for AGL on October 11 2002."
Mr Phillips added the results were boosted by the acquisition of
Victorian Energy retailer Pulse Energy in July 2002, which made a $31
million profit contribution for the five months.
"The focus on extracting synergies through the integration of
the business into AGL is delivering according to expectations," he said.
Managing director Mr Greg Martin said the strategy of redefining
the company's core energy business portfolio and divesting non-core
business was proceeding well.
"AGL continues to build a sustainable business platform for
future growth, focusing on improved results for customers and
shareholders," Mr Martin said.
"It is pleasing to see that even without the additional revenue
from Pulse Energy, our core energy businesses have all performed
strongly.
"Although milder weather affected the energy networks business,
the overall performance of all businesses is in line with expectations,"
he said.
Directors expected net profit for the full year to exceed the
previous year on current trading conditions and subject to no
significant change in the market.
For the usual season reasons, second-half profit is not expected
to be as strong as the first half.
AGL yesterday rose 7c to $10.91.
ENDS