Who could ever have predicted that AGL's share price would fall from $22 to $7 while its wind/solar/battery assets increased and its coal assets decreased??
@alan_john_moran
AGL should have stayed with it's coal fired power stations.
The loss can be directly linked to the spending on renewables. I expect the battery storage to be a long term failure and could really hurt AGL.
Meanwhile many other countries are going with coal and have cheaper power
@alan_john_moran
@OMGTheMess
Hope they go broke like some others are . The rest might wake up . They would all stop this nonsense if the subsidies stopped and the billions of taxpayers money was used to build reliably long term 50 to 70 years coal and nuclear plants . The scam is starting to fizzle out soon