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Radical Portfolio Restructuring and suspending of dividends

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Regular Contributor
Are these signs of a company in distress?
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Valued Contributor
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Super Contributor
Starting to slip quite rapidly down the Top 40 list now. Who would have called that 15 years ago....! Mondi now has a larger market cap!
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Super Contributor
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Super Contributor
AGL is atleast pro actively taking steps to ensure survival through a torrid cycle.. BIL is still thinking it can pay divs at these levels..ridiculous
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Sling
Occasional Contributor
looking at what happening to agl and bil. Sasol is holding up nicely
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Super Contributor
The commodity sector of the JSE is 1 huge casino..No technical analyst can predict the next move..Its being run on sentiment
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Valued Contributor
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Super Contributor
@simon, Whl R50??? In the words of the late great Micheal Jackson "Do you remember the time"
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Valued Contributor
haha, both my trolls digging in deep today .. must be hurting
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Super Contributor
@simon, Nah, But your Dukiness, it is only make-believe.
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Super Contributor
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Super Contributor
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Regular Contributor
AGL will probably continue free falling until some degree of positive news are released. It may be a good share to buy once they've sold all the mines and the cash generating low cost mines remain. Probably onle in 1-2 year's time, which will also be closer to the recovery of the commodity prices. But all of this is just speculation...I'm very happy that I've accepted my losses and sold AGL at around the 150 level...
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Super Contributor
it effectively halved in a month.. from High 120s to 60 now.. Can we expect a bounce to maybe 80 -90?
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davy101
Contributor
This is a falling knife. You sell the rallies. I am seeing R67..68.. as the next short level.
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davy101
Contributor
It didnt seem to bounce as high as I thought. Anyways.. Good luck guys. lol this one is crazy.
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Highlighted
Frequent Contributor
Forum view please. Are we likely to see a rights issue from AGL?
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Super Contributor
I would suspect a rights issue.. To be honest I think this is massively overdone.. Got levels to start nibbling
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Super Contributor
Nothing is overdone. This market is a bloody sucking vampire. Stay away from that share.
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