AGL - AGL Energy

[Sean K]

Re: AGK - AGL Energy

I held AGL yonks ago, but sold last year when I cleared the decks of blue chips and concentrated on short term trading.

What are they up to now?

Any holders out there wanting to discuss?

 

[Sean K]

Re: AGK - AGL Energy

Looks like they're buying AJL or something they own.

Not many charts looking like this the past 6 months. As in, gone up...

Is that an ascending triangle I spy?

 

[grace]

Re: AGK - AGL Energy

Sydney Gas in a trading halt in relation to a takeover coming their way.

AJL also in a trading halt.

What is going on?

 

[Flyer]

Re: AGK - AGL Energy

AGL Energy has requested a trading halt on its shares amid speculation it is about to announce a bid for rival Sydney Gas.

“The reason for the trading halt is that AGL is in discussion concerning a possible material transaction,” it said in a statement to the Australian Securities Exchange today.

AGL said it expected to make the announcement before the start of trading tomorrow.

Earlier today, Sydney Gas had requested a trading halt on its shares pending an announcement about a takeover bid.

“The trading halt is requested pending an announcement by the company in relation to a takeover bid,” a Sydney Gas statement said.

Sydney Gas shares last traded at 27.5c and AGL last traded at $15.45.

 

[Flyer]

Re: AGK - AGL Energy

AGL moves into position

THE SPECTATORS
Snowball effect
Bartholomeusz: AGL moves into position

Trading halts for three companies this morning is a strong signal that the latest bout of consolidation of the coal seam gas sector is about to get underway. Unlike the flurry of large-scale activity throughout this year, however, this time the action is moving into NSW.

The securities of AGL, Sydney Gas and AJ Lucas Group were all placed in trading halts this morning: AGL’s and AJ Lucas’s because they are both involved in discussions concerning a "material transaction". Sydney Gas is in a trading halt "in relation to a takeover bid." AJ Lucas became Sydney Gas’s major shareholder, with about 20 per cent of its capital, this year.

As the joint venture partner of Sydney Gas in its Hunter Valley and Camden and Sydney projects, AGL already has its foot on the group’s key resources.

Sydney Gas is potentially of real strategic consequence for AGL, the largest supplier of gas into Sydney and Newcastle.

There is an expectation of an increasing shortfall of gas for the Sydney market over the next decade that coal seam gas is expected to meet. With the more deeply explored and developed Queensland coal seam gas fields earmarked for the plethora of export LNG plants on the drawing boards, NSW gas will come into increasing focus.

Sydney Gas’s reserves and prospects are located close to the NSW electricity grid and the main gas transmission pipelines into Newcastle and Sydney. It already has long-term contracts to supply AGL. The joint venture partners have talked about an ambition of supplying up to 20 per cent of the existing NSW gas market by 2015 from its resources at Camden and the Hunter Valley and up to 50 per cent beyond 2015.

AGL, having sold its stake in Queensland Gas Company to BG Group for $1.2 billion and its oil and gas interest in Papua New Guinea for $1.1 billion this year is well placed for expansion. As part of the BG deal AGL was granted options over more than 1000 petajoules of Queensland gas reserves and exploration acreage, options that would cost $856 million to exercise.

Sydney Gas wouldn’t be a major move for AGL. It has a market capitalisation of only about $110 million, although the spate of coal seam gas transactions – including Arrow Energy’s $551 million bid for Pure Energy this week – says that market prices aren’t much of a guide to takeover values in the sector. Arrow offered about $5.40 a share for Pure when the target’s shares had been trading at less than $1 only about six weeks ago.

In the current environment there is likely to be significant consolidation of the smaller and more weakly-funded players in coal seam gas as the Queensland LNG players look to secure the resources needed to under-pin two-train LNG projects and the bigger players move to pre-empt the likely positive (for producers) eventual impact of the LNG projects on domestic gas prices.

There are vast amounts of gas in the Sydney Basin so the prospect of rising gas prices and shortfalls in supply ought to see what has until now been a Queensland-focused land-grab spill into NSW.

There are some transmission constraints in supplying Queensland gas into NSW and there would be benefits for the sector in displacing Queensland gas contracted to NSW customers – freeing it up for the LNG plants – with local production.

 

[kam75]

Re: AGK - AGL Energy

Today we had a lesson from AGK. Don't ever preempt the breakout, regardless of how perfect a chart pattern may appear.

 

[kam75]

Re: AGK - AGL Energy

Here's the chart showing the Ascending Triangle failure from yesterday. Will be interesting the see what happens now. Sometimes a failed pattern has a habit of manifesting into a more complex chart pattern.

 

[Diesellife]

Re: AGK - AGL Energy

Does anyone else has any other speculative vision on this share?
It will be very thankful if someone can give me a little insight.

 

[Jonathan111]

Re: AGK - AGL Energy

When SGL was taken over i decided to buy some AGK 13.80 and AJL 2.63...

Anyway do you think that AGK would raise capital to buy the NSW government's electrical assets that are coming up for sale? and if this is the case then would the share pricesuffer if they raise capital through a share offering at say 13.00 a share or something like that. Although i have experienced other companies who had share offerings lower than the market price and the market price did not reach that level.

Any opinions?



AGK is now $13.42 and AJL is $3.41

 

[jancha]

Re: AGK - AGL Energy

Volume & sp up today more so than usual. Could the dividend at the end of the month have any bearing on it? Any thoughts on this?

 

[jancha]

Re: AGK - AGL Energy

Does anyone have any interest in AGK. 3% drop in sp today & yet company profits were up as was Santos. Yet Santos gained near on 2%. Both being in the energy sector I would have thought that both would move similiar with in the market as banks generally do. Any ideas as to why the 5% difference?

 

[jancha]

Re: AGK - AGL Energy

Whats wrong with AGK? Why does it continually fall. Dividend date today & yet it's still falling. No one seems to have any confidence in renewable energy & its profits. I would have thought that in the medium term the sp of $13.40 was cheap & a Div of 28c was an attractive buy.

 

[So_Cynical]

Re: AGK - AGL Energy

Whats wrong with AGK? Why does it continually fall. Dividend date today & yet it's still falling. No one seems to have any confidence in renewable energy & its profits. I would have thought that in the medium term the sp of $13.40 was cheap & a Div of 28c was an attractive buy.

The 28 cent divi factored forward gives an annualized return of about 4% at current SP corn: nothing spectacular, especially when there's talk of interest rates going up...AGK is a defensive stock and like other defensive stocks, seems to be a little range bound.

I do like there generation assets and was surprised at how many green assets they actually do have...lots to like about AGK if u can get in at a good price, something starting with a 12 would suit me.

 

[jancha]

Re: AGK - AGL Energy

The 28 cent divi factored forward gives an annualized return of about 4% at current SP corn: nothing spectacular, especially when there's talk of interest rates going up...AGK is a defensive stock and like other defensive stocks, seems to be a little range bound.

I do like there generation assets and was surprised at how many green assets they actually do have...lots to like about AGK if u can get in at a good price, something starting with a 12 would suit me.

Yes a defensive stock. Thats why I thought it was a good buy a that price. There's still quite a lot of doubt as to the recovery. Most people i've spoken to seem to think that there will another dip before the end of the year or worst. The uncertainty of whats to come i thought would have made this a good buy at it's current price. Also have noted that Huntley recommendation of a buy is now a hold due to the uncertainty of profits with renewable energy. Thanks for input anyway Cyn.

 

[Dutchy3]

Re: AGK - AGL Energy

Possible flag setting up ... might be good for a few % in the coming days

 

[jennifer.c.thomp]

Re: AGK - AGL Energy

Could anyone explain what the "Subordinated Notes offer" is that AGL is offering?

 

[skc]

Re: AGK - AGL Energy

Could anyone explain what the "Subordinated Notes offer" is that AGL is offering?

Notes = a type of loan instrument. i.e. AGL wants to borrow money from you and pay you some interest in return.

Subordinated = The note's position in AGL's capital structure, being subordinate to AGL's senior debt. http://en.wikipedia.org/wiki/Capital_structure

Offer = Would you like to buy some?

Here's one view on these notes.

http://www.intelligentinvestor.com....s-AGKHA/AGL-Notes-Passing-hat-now-old-hat.cfm

P.S. Do you know Wayne Rooney?

 

[Judd]

Re: AGK - AGL Energy

Has come out with a 1 for 6 renounceable rights issue @ $11.60 per share. Probably will take them up as it is only a couple of thousand $$'s.

 

[Judd]

Re: AGK - AGL Energy

Seems there was/is some capital gain through taking up the rights issue. How long that will last is a moot point.

 

[coolcup]

Re: AGK - AGL Energy

Looks to me as though AGK has just breached the lower bound of the upward moving trend channel. Time for a primary downturn I think!!