I wondered if anyone could explain to me why the market is hammering AGK so hard today?
I noted their profit downgrade, but unless I'm missing something the selloff on the market is either really over the top or I've missed some detail badly.
Its getting the absolute bejesus kicked...
Make up your own mind on this one (I hold AGL). In the agm presentation, it states they are seeking a ruling from ATO for returning proceeds of NGC sale to shareholders.
However, currently agl down almost 1%