Did you know Ergon paid 100 mill for powerdirect two years ago and AGL paid 1.2 billion a few months ago for same offshoot company. Be it with a few more customers.
The 100 mill was scoffed at the time as being too high. LOL . AGL will write down at least 500 mill on this investment.
Wait till we see AGL gas and electricity retail trading results. This is one area you can get smacked if you dont hedge your load well.
Just like currency trading. Ever seen currency trading hurt a company !!!!
Interesting times ahead. Fix the mix.
AGK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
