"As AGL is a producer, it is a hedge against down turn in wholesale energy prices."
If it was a hedge against falling energy prices, then the loss from the short position would equal the increased gain from the sale of the generated power - resulting in no net loss. But the report says the cost was due to margin calls. => So they shorted the sh1t out of the market, averaged up, got their projected prices completely wrong and then got margined out.
Ann: FY19 Half Year Results & affirmation of FY19 guidance, page-14
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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 |
