Absolutely nailed it, also why the $8b offer for the business was a joke, add to the operating profit, the underlying H.V infrastructure and it is worth a hell of a lot more IMO.That average which was 90 bucks last year, based on what is happening now, will most likely be more than double for this year, hence the free cash flow will also be significantly higher.
It might explain why the hyphenated ego wanted the demerger killed, as that cash generating would be needed to fund his plans to make AGL carbon nuetral.
Mick
Yep the above is.Total and absolute rubbish...
There are a number of critical reasons for quickly moving to clean renewable energy.
1) Fossil fuels will and are finite. Moving to a renewable energy source that won't disappear just makes sustainability sense
2) Fossils fuel create dangerous pollution. The air, land and water pollution of coal, oil and gas damages our environment and kills millions of people. Moving to clean renewable will substantially reduce this health impact
3) Renewable energy is now cheaper than fossil fuels. Even if one ignores the health and sustainability issues around basing a society on a diminishing resource these economic facts alone should make the change to renewable wind/solar other energy a no brainer.
3) Fossil fuel CO2 emissions are creating runaway global heating which left unchecked will make the earth largely uninhabitable for humans
This stark scientific reality is shared by 10's of thousands of scientists across many disciplines who are only too aware of the impact of global warming and its cause. Pretending it's just activists is a lie.
Yep. I'm fed up to the back teeth with rubbish arguments against renewable energy that can't even see it's basic economic advantage over the current fossil fuel processes let alone the host of other important factors.
Yes, hopefully they have seen the light, so to speak. Fortunately bought in under $6, I still think there is upside, but I've been wrong beforeLike when in 2014, AGL asked for renewable energy targets to be scrapped. Meant they would have had to invest in renewables. Oh, that's right they did. Constructed wind farms then promptly sold them off for a quick buck. And takes too much effort it invest in the infrastructure to accommodate renewable energy. Would mean a reduction in profit and shareholders would suffer. Hmm, a five year thinking plan or a 100 year thinking plan?
cheersAGL looking at another H2 hub, with more partners, they are already looking at a H2 hub in NSW with FFI.
AGL, Brickworks plan hydrogen hub in Adelaide
The eight-strong consortium examining a hydrogen plant in Adelaide also includes partners from major Asian corporates in Japan and South Korea.www.afr.com
The country’s biggest cement manufacturer Adbri and Japan’s Osaka Gas are also part of the consortium that will study the project, which fits with AGL’s plans to repurpose its Torrens Island power station site in Adelaide for low-carbon energy. AGL gave no potential cost of timing for the project.
What matters is if the company rhetoric fits the media narrative, which is what moves the herd IMO.cheers
will consider lowering my ABC top-up order ( which is in the market , and narrowly missed on Friday )
feels like a 'greenwash ' feel-good R&D money-pit to me
haven't a current top up order in for FMG but might move that 'attractive price ' closer to $15 ( i can see such projects bleeding cash in the short term )
yes i miss out on some opportunities , but is that a good or bad thing ( for example i am still single , but you should look at 'the ones that got away ' .. they were going places i didn't want to )What matters is if the company rhetoric fits the media narrative, which is what moves the herd IMO.
If you are going to apply logics to it, I think you will miss out on a lot of opportunities, the narrative now is, go green young man, go green.
If AGL said we are going to replace our goal fired generation, with green hydrogen fired gas turbines by 2035, they would triple in price and receive endless Govt handouts, as long as you sold out by 2030 you would make a handsome profit.
I don't think it will apply to all energy companies, only those with leverage, as soon as the Government says we want this to happen and they don't own it, the companies go into overdrive to milk it.?
Look at afterpay, some on here including myself said it is a really bad business model that was at $8, they went to $180 and now everyone is saying that is a really bad business model.
Did we call it right? Yes, did we miss an opportunity by not following the media ramping, Yes.
just my thoughts. But applying logics that goes against a media driven narrative, just rings alarm bells to me, politics is driven by it, people are driven by it, trying to apply logics to it doesn't cut it.
If logics drove the market, people wouldn't be paying millions of dollars, for a pile of bricks on a tiny block of land in Sydney IMO.
I only bought 1,000 at just under $6, if in the current rout they get back there I will get another 1,000 may be crazy but people need power, renewables need HV access.
The Government has upped the carbon target to 43%, the only ones who will be bleeding cash are the taxpayer, but it is for a good cause IMO.
Yep I fully appreciate your point, on my hate list is Santos, AMP and Telstra, even if I think they are a great buy, like TLS at $2.80 I still can't get myself to buy them.yes i miss out on some opportunities , but is that a good or bad thing ( for example i am still single , but you should look at 'the ones that got away ' .. they were going places i didn't want to )
as mentioned elsewhere AGL is on my 'AVOID' list and i am not entirely comfortable that two holdings i currently have ( BKW and ABC ) are considering business relationships with such a company , i have seen what AGL calls corporate governance ( and bought into CWN instead for a useful profit ) and ABC has already had the odd lapse in oversight
and Afterpay/SQ2 yes i still don't like the model not at $2 nor at $200 , that money can always find a comfortable home elsewhere , all that means is somebody else has an easier time getting their share of SQ2 ( and AGL )
BTW i am more of a Blue Movement fan , Green is for uni. students ( as we will all find out )
At the end of the day, investing is personal, you have to be able to sleep at night and you have to be happy with your decisions, if you can't you shouldn't be investing IMO.have held AMP and TLS in the past and taken the opportunity to exit BEFORE i regretted buying in
but yes i like to know the 'governance ' risk before buying into a company ( high risk MUST be known in advance , for me , which is why i generally laugh at ESG rebranding practices , like the big 4 banks for example )
a similar incident ( for me ) was when IPL entered a JV with CTP , i took a quick look to estimate how much profit i was taking and rammed in a IPL sell order ( and haven't regretted it for a second )
An excellent analysis of another overvalued, over hyped company.Good news for AGL:
Change of tarifs received, less than 3months after moving with them, increases well above 10%
Including in items like solar daily charge..should i blame Putin?
Then an interesting article on TEAM aka Atlassian https://www.smartcompany.com.au/startupsmart/analysis/atlassian-unprofitable-valuation-adam-schwab/
A company which has never made money may not be a great model for AGL shareholders..just saying
And possibly the reason he was trying to get hold of AGL, at least it generates income from an essential service, the tech sector is dependent on staying ahead of the pack which with technology isn't easy.An excellent analysis of another overvalued, over hyped company.
The problems outlined are only going to get bigger as more and moire tech smarties build a better interface product.
Mick
AGL has at least in the most recent history made a profit profit and paid dividends.Climate Energy Finance said AGL had been a global laggard acting on climate science.
"This board renewal is critical for AGL investors given the opportunity to start to reverse the $10bn of shareholder wealth destruction in the last six years, but also for the wider context given AGL is a key Australian energy sector incumbent, with financial resources and staffing that can be leveraged constructively, with the right leadership," Climate Energy Finance director Tim Buckley said.
It brings a beautiful wokeness, a great shiny green hue of both economical and scientific incompetence .It would appear that Atlassian Boss Mike Cannon Brookes has got his way and installed "independant' directors more to his liking.
This has been lauded by many, including Tim Buckley from Climate Energy Finance .
From The Australian
AGL has at least in the most recent history made a profit profit and paid dividends.
Atlassian has never even made a profit, much less paid a dividend.
It also had 13 billion wiped off its MC in one day on Nov 5th, and from its high of USD468 back in October 2021, has fallen to 135 overnight.
The percentage fall from all time high is pretty much the same for both companies.
So, what exactly does MCB and his group to the table?
Mick
It will give MCB and his group a dose of reality.It brings a beautiful wokeness, a great shiny green hue of both economical and scientific incompetence .
Agl is a buy
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