AGL - The Australian Gas Light Company

[Prospector]

Thanks for posting the question - I am also not sure what to do but as you say, at the moment it sounds like a good deal but those last couple of days may be tricky!

 

[Prospector]

At risk of talking to myself : isnt this just a bizarre scenario at the moment - AGL and Alinta extending both their offers and both recommending that no action be taken!

Talk about process getting in the way of common sense! Bet that law was designed by a man :fan

 

[Sean K]

Ha, ha, but absolutely. Don't they both know they are ultimately costing themselves. Boys and their toys! Or tools!

 

[Prospector]

Ha, ha, but absolutely. Don't they both know they are ultimately costing themselves. Boys and their toys! Or tools!

Is that the boys that are the tools or the toys

(Wait til the boys get a sniff of this link....... : )

 

[sptrawler]

AGL appear to be getting their act together, a good move IMO, splitting into retail and generation. As long as generation has enough working capital.

‘New path’: AGL splits power plants, retail as green shift accelerates

AGL will split off its emissions-intensive coal- and gas-fired power plants from its wider business as the shift to renewable energy accelerates.

www.smh.com.au

From the article:
AGL, which operates coal- and gas-fired power plants and renewable energy generators around the nation, posted a $2.3 billion loss for the first half of 2021.

Mr Redman on Tuesday said “New AGL” would be Australia’s largest multi-product energy retailer, delivering power, gas internet and mobile services to more than 30 per cent of Australian households with a net-zero carbon footprint.

The other company, “PrimeCo”, would include AGL’s coal-fired power stations, gas-fired power stations and renewable energy assets including wind farms.
“The proposed structural separation would give each business the freedom, focus and clarity to executive their own respective strategies and growth agendas, while playing an equally important, but different role, in Australia’s energy transition,” Mr Redman said.

I don't hold

 

[UMike]

Bit Late to this turn around story.

Still trying to work out what happened to the spike in volume 31/12/21

 

[dyna]

A local fund manager taking a position in AGL, got a mention in the Fin. Review just before Xmas. Can't recall which one, though.
Too late for me, now.