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

[Bjauck]

Brookfield have accumulated a small stake (under 5%) so they must still be interested, they recently raised USD $15B in a green transition fund which is focusing on opportunities like AGL. AGL say they are not wanted to see any offer around $8.25 as they see the SP as depressed..

I have a small stake in AGL, interesting to see how this one plays out. Company update on strategy in August.

https://finance.yahoo.com/news/canad...001126386.html

Brookfield are going for Origin Energy (SP up 35% today) now.

[peat]

Update to FY23 Earnings Guidance and FY24 Earnings Guidance AGL has narrowed its underlying earnings ranges for FY23 as follows:

• Underlying EBITDA between $1,330 and $1,375 million (previous guidance was between $1,250 and $1,375 million); and

• Underlying Profit after tax between $255 and $285 million (previous guidance was between $200 and $280 million). These ranges reflect an improved second half, in line with expectations, driven by increased generation due to improved plant availability and a reduction in forced outages, and higher customer margin due to disciplined margin management and an increase in customer services. This is partly offset by higher operating costs (excluding depreciation and amortisation) due to increased maintenance costs, seasonal net bad debt expense and the impact of inflation.
  

Additionally, AGL has provided guidance for its FY24 underlying earnings, as follows:

• Underlying EBITDA of between $1,875 and $2,175 million; and  Underlying Profit after tax between $580 and 780 million.

So the ship steadies.... Price attempting to return to older levels

AGL20230617.JPG
long way to go tho

AGL20230617a.JPG

[peat]

the recovery continues... it has now nearly doubled from the lows in less than two years ...
but is still half what it was four years ago