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17-02-2010, 05:23 PM
#1011
ANN: PGG Wrightson Finance has secured a BB (stable) rating from international credit rating agency Standard & Poors, confirming its place amongst the top tier of finance companies in New Zealand.
“Despite the challenging economic environment in New Zealand, PWF has achieved good profitability in the past three years, reflecting strength of the PGG Wrightson’s brand, expertise in the rural lending segment, and the company’s asset quality.”
Some good news for the PWF arm of PGW today.
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17-02-2010, 06:14 PM
#1012
They had it before too, "Reconfirmed" presented as "secured". PGC has BB+
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17-02-2010, 06:34 PM
#1013
Originally Posted by belgarion
Agree with everything except the good management part (excluding recent appointment obviously as time will tell). My nervousness is extended by HBY reporting on the same day. Both are on the comeback trail but both are showing price weekness (on lowish volumes) before the result. All in all - for the 26th will be either very pleasant or very dissappointing - but hey thats life being a fundy investor.
Market is nervous - even FBU got hit before a great result.
Likewise, OIC.
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18-02-2010, 02:43 PM
#1014
Member
Originally Posted by Balance
Market is nervous - even FBU got hit before a great result.
Likewise, OIC.
at least their financial position will looks much better,and could performance worse than last year?even last year that was becasuse of the one-off SFF failure
The problem is the whole market is lack of confidence now, many people are still waiting and watching,or prefer to put money in the bank
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24-02-2010, 04:34 PM
#1015
Oh dear. Did the Chinese pay too much for PGW?
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24-02-2010, 05:22 PM
#1016
Who knows? maybe DrWho knows!?,
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24-02-2010, 05:55 PM
#1017
Member
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24-02-2010, 06:01 PM
#1018
Not a good sign when the sp is so weak just prior to the profit announcement.
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24-02-2010, 08:24 PM
#1019
Originally Posted by Dr_Who
Not a good sign when the sp is so weak just prior to the profit announcement.
It has been a funny reporting season. FBU and OIC were both weak before they reported. They both shot up after they reported better than expected results.
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25-02-2010, 08:47 AM
#1020
Member
Nice to see a bottom line without any brackets around it.
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