As a long term investor I can only say management is talking sense - and if it is delivered on then .. the results will be there . At least there is someone running this who appears to be in the same solar system. Even if there is more downside and I am waiting to buy all the way down to 140(chuckle) this is looking attractive to accumulate.
well it depends where you plan to exit, or when you plan to exit...i still prefer BHP Bhilliton for investment. As for management talking the talk ,i would accumulate when the the price starts talking...Anyway, AGL is a good share to trade..very predictable
Long term investment ? I don't know about that, wages and electricity is going to knock them, also their investment in Brazil is over budget. Bhp is five time bigger than this company, and is more exposed to oil and gas where anglo got platinum, which I think is not going anywhere fast, diamonds ? and iron ore ? I am not so sure.
Hands up those of you who have actually read what the CEO said - Ahh I thought so! Okay I agree it is early days - but at least this is business speak I am reading not from way out there. And I love costs and rationalizations -'cos there are some rubbish businesses under the roof - but I am much happier to see a focus on real profitability - which is all of it indicative of a turnaround in the making - but I agree 2016....? (noting as I do Billiton's ROC)
Well, Warren Buffet would have a little side talk with Cutifani, then Buffet would have bought a whole chunk of AGL , and the next day, make a big media statement about it, and share price wold get a boost....so who's buying chunks right now....I agree with the CEO , AGL is constipated, its all in there but just can't get it out....