Peter Moran of Wilsons is buying see below:
"The AGL share price has fallen sharply in recent months in response to an uninspiring result and investors moving away from yield and defensive plays. We see this pull back as a good opportunity to buy AGL at attractive prices. Decreasing capital expenditure requirements and asset sales have resulted in net debt falling by $811 million. In response, AGL has announced an on market buy back of up to 5 per cent of its stock, just below $600 million. Additionally, AGL will target a 75 per cent dividend payout ratio starting from fiscal year 2017. Applying AGL’s new guidance of a 75 per cent dividend payout ratio to our fiscal year 2017 earnings forecasts implies a dividend of 84 cents a share."
Clearly Better, page-15
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Last
$10.70 |
Change
0.240(2.29%) |
Mkt cap ! $7.857B | |||
| Open | High | Low | Value | Volume |
| $10.50 | $10.87 | $10.47 | $27.26M | 2.541M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 95552 | $10.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.70 | 8619 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AGL (ASX) Chart |
