Could someone tell those brilliant businessmen running AGL that if they do not know what to do with a cash cow, try giving some cash to the shareholders.
They got their fingers burnt with mobile phones, their toes chopped off in New Zealand and now .... ?
What is an energy trader going to do with 35% of a cash burning power plant that makes huge losses? especially when wholesale electricty price in Vic has been dropping steadily.
I really hope the ACCC will stop this nonsense deal (for a different reason though).
As I do not believe Coles is doing the right thing with this stupid petrol deal, I do not believe AGL knows what to do with a power plant (probably a little bit less than mobile phones). I have sold my CML and I will sell my AGL.
And if I don't, since I got most of them under $9, I will let the board have a piece of my mind at the next AGM.
chart, page-5
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Last
$10.89 |
Change
0.190(1.78%) |
Mkt cap ! $7.857B | |||
| Open | High | Low | Value | Volume |
| $10.65 | $10.94 | $10.64 | $3.246M | 300.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 130 | $10.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.89 | 3548 | 17 |
View Market Depth
| Last trade - 11.20am 18/11/2024 (20 minute delay) ? |
| AGL (ASX) Chart |
