2016 Guidance Affirmed, page-199

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WR888

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09/02/17

11:34

Post #: 22482227
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Originally posted by WR888 ↑

No wonder sp has been dropping these few days. Don't know why,... these above posts (from 04/02/17) were not updated to me by email, even though I chose to be updated via email notification.

AGL reported a great set of results this morning. From Reuters :-

AGL Energy half-year profit inches up on higher power prices

MELBOURNE (Reuters) - AGL Energy Ltd , Australia's no.2 power and gas retailer, reported a 3.7 percent rise in half-year underlying profit on Thursday on the back of higher electricity prices and said it expects its full year profit to come in at the upper end of its guidance.
Underlying profit for the six months to December rose to A$389 million ($297 million) from A$375 million a year earlier. The result was slightly better than a forecast of A$383 million from Citi.
"In our electricity portfolio, the impact of rising wholesale prices is expected to continue," AGL Chief Executive Andy Vesey said in a statement.
AGL said it expects its full year underlying profit to come in at the high end of its forecast range of A$720 million to A$800 million, up from A$701 million last year, which is in line with market forecasts.
AGL raised its half year dividend to 41 cents a share from 32 cents a year ago. That compared with a forecast of 43 cents from Citi.

Should be positive for ERM Power,...

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Don't know if the effect is from my posting above,... the price shot up immediately from 1.170 to 1.195 after my posting in the above. Ard 10.48 am,... Lots of investing folks observe this forum,....

Last edited by WR888: 09/02/17

EPW Price at posting: $1.20 Sentiment: Hold Disclosure: Held
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0 Great analysis

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2016 Guidance Affirmed, page-199

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

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