29/11/2023 09:21

AGL Energy (AGL) $9.80

AGL has dipped back below $10 this week having hit a high of $12.45 at the start of August. Most of the attention in the space has been focused on Origin Energy (ORG) as the tussle between potential acquirer Brookfield and major shareholder AusSuper continues to fill the papers. AusSuper is digging its heels in, essentially looking long-term around valuation and using that lens, they believe Brookfield’s bid undervalues the ORG assets.

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27/10/2023 09:02

AGL Energy (AGL) $10.75

AGL rallied +2.4% on Thursday as the stock started to consolidate after correcting ~19%. AGL is well positioned to execute its strategy towards renewable energy, and although there is some risk that pricing dynamics could change, the stocks forecasted ~4.4% yield over the next 12 months will make it easier to adopt a patient approach.

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10/08/2023 17:15

AGL Energy (AGL) $11.22

AGL -3.11%: The first inline result for ages from AGL and it was initially taken favourably by the market with the stock up 1.5% before the conference call started at 11am, before it was sold off to finish down on the day.

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02/08/2023 09:22

AGL Energy (AGL) $12.28

AGL has been the best-performing stock in the Market Matters Income Portfolio since its inception in 2017 with an aggregate gain of 138.64% achieved via three separate trades starting in November 21. Originally bought at $5.35, it was sold at $8.38 7 months later, acquired again at $6.83 in Sep 22 before selling out in Dec 22 at $8.07.

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19/07/2023 09:18

AGL Energy (AGL) $11.80

JP Morgan upgraded AGL Energy (AGL) yesterday from a hold equivalent ($11.20 target) to a buy-equivalent and 12-month target of $14.30, making their analyst, Mark Busuttil, the most bullish on the street. The stock has done phenomenally well this year up 46.22% outpacing even MM’s expectations.

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07/07/2023 09:27

Energy Special – BUY HOLD SELL

Lead Portfolio Manager James Gerrish discussed the Energy Sector more broadly last week on Livewire markets. Joe Wright from Airlie covers Santos (STO) as their No 1 pick in the energy space.

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21/06/2023 09:19

AGL Energy (AGL) $11.06

The much-maligned energy company has experienced a significant re-rate higher in its shares since we originally purchased the stock 4 months ago, with the position showing a nice paper profit of ~60%. Last week they provided re-cut FY23 earnings guidance that was ahead of the market’s expectations, while they released FY 24 earnings & dividend projections which confirmed our original thesis.

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16/06/2023 16:33

AGL Energy (AGL) $10.60

AGL +9.73%: Held an investor day and upgraded both FY23 and FY24 earnings guidance materially above consensus and the stock rallied accordingly, although it saw some profit taking into the close. For FY24, they have guided to underlying EBITDA of between $1,875 and $2,175 million; and underlying Profit after tax between $580 and 780 million.

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21/04/2023 09:39

Active Income Portfolio – Amendments

We are trimming various holdings across the Income Portfolio to raise cash levels.

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05/04/2023 17:00

Lead Portfolio Manager James Gerrish

Market Matters Lead Portfolio Manager James Gerrish spoke this morning about recent economic data and what it means for Gold, while he also discussed AGL Energy (AGL) and views on other defensive stock

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