AGL - orig. The Australian Gas Light Co. Now one of Aussies biggest energy providers

[peat]

At first glance AGL looks "OK", here is a recent review of their power generation assets I did:
Attachment 12275

Attachment 12276

Their renewable assets initially look substantial, even if it is only a comparatively small proportion of their portfolio, the problem is that when you look closer into the ownership structure of their renewable assets, you will find that QIC Global Infrastructure Fund actually own 80% of most of their renewable assets and AGL only own 20%.

This makes my initial pie graph above incorrect as AGL's power generation assets "owned" by them are actually more like the below graph:

Attachment 12277

AGL is basically a coal/gas power generator with diminishing returns, I believe AGL is a value trap if you are going long, especially with their upcoming large generation asset closures. However, there is potential for a short term trade on a confirmed reversal of trend which I am waiting for.

Thanks Norwest I appreciate your comments.