Having read both announcements more carefully, I see they refer to "increased competition" and "downward pressure" on gas prices and mention the conditionality attached to the two projects which will not be satisfied until sometime in FY2019. Also, there was no statement as to effect on earnings, so I can understand the market's initial cautious reaction. That said, given the amounts of capital involved, I really doubt that AGL's board would go ahead unless they were expected to be EPS positive in the longer term or were intended to head off competitors attempting to take a slice of AGL's market share.
Having read both announcements more carefully, I see they refer...
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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 |
