Two Directors at AGL Energy Limited bought 16,070 shares at between 9.150AUD and 9.200AUD. The significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over t...
AGL ENERGY (AU), a company active in the Multiutilities industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date March 25, 2022, the closing price was AUD 7.58 and its expected value was estimated at AUD 7.23.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The ASX 200 shrugged off a poor reporting season and another barrage of downgrades in September to gain 1.8% during the month. Australia (22.6%) and New Zealand (24%) are amongst the strongest performing developed equity markets year-to-date underpinned by their relatively high dividend yield. Financials (4.1%) benefitted from global curve steepening and Consumer Discretionary (3.0%) benefited from lower domestic interest rates, while Energy caught a bid from the escalation of tensions bet...
While it makes sense for narrow-moat-rated AGL Energy to diversify away from electricity generation and retailing, where it is under constant government attack, we doubt using all its firepower buying underperforming telecommunications roll-up Vocus Group is a good idea. AGL made an indicative, non-binding AUD 4.85 per share takeover proposal and will spend the next month conducting exclusive due diligence before deciding whether to commit. Morningstar’s standalone fair value estimate for narr...
While it makes sense for narrow-moat-rated AGL Energy to diversify away from electricity generation and retailing, where it is under constant government attack, we doubt using all its firepower buying underperforming telecommunications roll-up Vocus Group is a good idea. AGL made an indicative, non-binding AUD 4.85 per share takeover proposal and will spend the next month conducting exclusive due diligence before deciding whether to commit. Morningstar’s standalone fair value estimate for narr...
While it makes sense for narrow-moat-rated AGL Energy to diversify away from electricity generation and retailing, where it is under constant government attack, we doubt using all its firepower buying underperforming telecommunications roll-up Vocus Group is a good idea. AGL made an indicative, non-binding AUD 4.85 per share takeover proposal and will spend the next month conducting exclusive due diligence before deciding whether to commit. Morningstar’s standalone fair value estimate for narr...
The Australian electricity sector is a mature market, dominated by Origin Energy, Energy Australia, and AGL Energy. It is extremely difficult to build a sustainable competitive advantage in the electricity and gas retailing sector. Barriers to entry are low, and participants pay the same wholesale market price for the electricity they sell. However, low-cost electricity generators and gas producers can achieve an economic moat via low-cost production, as AGL has via its low-cost coal-fired gener...
We reduce our medium-term earnings forecasts for narrow-moat-rated AGL Energy but remain comfortable with our AUD 21 fair value estimate. At current prices, the stock is fairly valued. While earnings growth is increasingly unlikely in coming years, AGL generates strong free cash flows and has a conservative balance sheet. As such, it is well positioned to pay generous, mostly franked dividends and invest large sums into new electricity generation and storage equipment, improved IT systems and po...
We reduce our medium-term earnings forecasts for narrow-moat-rated AGL Energy but remain comfortable with our AUD 21 fair value estimate. At current prices, the stock is fairly valued. While earnings growth is increasingly unlikely in coming years, AGL generates strong free cash flows and has a conservative balance sheet. As such, it is well positioned to pay generous, mostly franked dividends and invest large sums into new electricity generation and storage equipment, improved IT systems and po...
We reduce our medium-term earnings forecasts for narrow-moat-rated AGL Energy but remain comfortable with our AUD 21 fair value estimate. At current prices, the stock is fairly valued. While earnings growth is increasingly unlikely in coming years, AGL generates strong free cash flows and has a conservative balance sheet. As such, it is well positioned to pay generous, mostly franked dividends and invest large sums into new electricity generation and storage equipment, improved IT systems and po...
AGL Energy’s first-half fiscal 2019 underlying NPAT rose 10% to AUD 537 million, mainly on stronger wholesale electricity prices. Despite this, management believes the firm is tracking towards the middle of the full-year NPAT guidance range of AUD 970 to AUD 1,070 million, which implies no growth from last year. Second-half headwinds include lower gas sales volumes, lower average retail prices, and higher fuel costs. We make minor changes to incorporate the result and increase our fiscal 2019 ...
The Australian electricity sector is a mature market, dominated by Origin Energy, Energy Australia, and AGL Energy. It is extremely difficult to build a sustainable competitive advantage in the electricity and gas retailing sector. Barriers to entry are low, and participants pay the same wholesale market price for the electricity they sell. However, low-cost electricity generators and gas producers can achieve an economic moat via low-cost production, as AGL has via its low-cost coal-fired gener...
AGL Energy’s first-half fiscal 2019 underlying NPAT rose 10% to AUD 537 million, mainly on stronger wholesale electricity prices. Despite this, management believes the firm is tracking towards the middle of the full-year NPAT guidance range of AUD 970 to AUD 1,070 million, which implies no growth from last year. Second-half headwinds include lower gas sales volumes, lower average retail prices, and higher fuel costs. We make minor changes to incorporate the result and increase our fiscal 2019 ...
Following a near 40% fall in its share price since mid-2017, we believe narrow-moat AGL Energy is beginning to look attractive again, despite ongoing regulatory risk. At current prices, the stock trades 10% below our unchanged AUD 20 fair value estimate, on a forward P/E ratio of 11.6 times, and paying a mostly franked enticing dividend yield of 6.5%. Although we reduced our medium-term earnings forecasts, our longer-term assumptions are largely unchanged. We now expect net profit after tax to f...
Following a near 40% fall in its share price since mid-2017, we believe narrow-moat AGL Energy is beginning to look attractive again, despite ongoing regulatory risk. At current prices, the stock trades 10% below our unchanged AUD 20 fair value estimate, on a forward P/E ratio of 11.6 times, and paying a mostly franked enticing dividend yield of 6.5%. Although we reduced our medium-term earnings forecasts, our longer-term assumptions are largely unchanged. We now expect net profit after tax to f...
Following a near 40% fall in its share price since mid-2017, we believe narrow-moat AGL Energy is beginning to look attractive again, despite ongoing regulatory risk. At current prices, the stock trades 10% below our unchanged AUD 20 fair value estimate, on a forward P/E ratio of 11.6 times, and paying a mostly franked enticing dividend yield of 6.5%. Although we reduced our medium-term earnings forecasts, our longer-term assumptions are largely unchanged. We now expect net profit after tax to f...
Following a near 40% fall in its share price since mid-2017, we believe narrow-moat AGL Energy is beginning to look attractive again, despite ongoing regulatory risk. At current prices, the stock trades 10% below our unchanged AUD 20 fair value estimate, on a forward P/E ratio of 11.6 times, and paying a mostly franked enticing dividend yield of 6.5%. Although we reduced our medium-term earnings forecasts, our longer-term assumptions are largely unchanged. We now expect net profit after tax to f...
Narrow-moat-rated AGL Energy's fiscal 2018 underlying net profit after tax, or NPAT, increased 28% to AUD 1,023 million, slightly ahead of expectations. The strong result was mainly driven by a big increase in generation earnings thanks to the stronger wholesale electricity price, while headwinds in retail markets and cost inflation were a drag. Guidance is for relatively flat NPAT in fiscal 2019, in the range of AUD 970 to 1,070 million. We downgrade our forecast by 8% to AUD 1,030 million on a...
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