I disagree with the volume part. It was low in my opinion considering it was FY announcement day. This means the funds are still mulling it over whether or not AGL is fair value or worth accumulating. Also the possibility the SP was held down through lack of buying while they decide decide how much to allocate to AGL.
We will see the broker reports as they come out Citi already has reaffirmed its target price of $25.91
The numbers are very good, the dividend more than expected.
AGL Price at posting:
$24.52 Sentiment: Buy Disclosure: Held