not sure what to think; it is all on the rumors the govt it going to take the axe to the electricity industry; I dont buy into that; I think it will all be puff and show; and things will be very steady; the problem with electricity prices has actually been the chop and change - Rudd, Gillard, Rudd, Abbott, Turnbull, Morrison. Introduce Shorten, next, perhaps.
Govt needs ONE SCHEME long term, or just get hands off
so I bought today for long, long term holding; they project the earnings to be steady for at least the next year or so; people are punting on a cut to earnings after next year; I dont think the govt can legislate as 'we, the govt, screwed up policy for 5+ years, therefore we are going to force energy companies to take a loss to cover our screw ups'
I think things will be steady for years. So AGL, to me, is just a defensive, earnings play. I could be wrong, it has happened a few million times in the past.
TA, page-142
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Last
$10.61 |
Change
-0.040(0.38%) |
Mkt cap ! $7.137B | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.67 | $10.57 | $10.99M | 1.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7492 | $10.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.63 | 3100 | 2 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| AGL (ASX) Chart |