AGL +10.61% Rallied strongly today following a takeover tilt from a Brookfield / Mike Cannon-Brookes consortium that proposed buying AGL for $7.50, a miniscule ~5% premium to the last close and completely unrealistic for a change of control transaction, however we do support their rationale for winding up coal powered generation and using AGL’s footprint to expediate the transition to renewables. We think they’ll be more to play out with this.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM remains long & bullish AGL in our Income Portfolio
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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