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  • Snoopy's Avatar
    Yesterday, 08:57 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    One method that KordaMentha used to evaluate the worth of the seeds division was 'Capitalisation of Earnings'. This consisted of using an...
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    Yesterday, 04:20 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    Takeover deals are usually done on EBIT and EBITDA multiples, rather than PE ratios. If we look at where PGWRR sits today (my post 4516): EBITDA...
    4522 replies | 818102 view(s)
  • RTM's Avatar
    Yesterday, 03:47 PM
    Ah...that’s great Mr T. I was a bit worried for a while that u worked for Sky. Cheers, RTM.
    1311 replies | 172247 view(s)
  • RTM's Avatar
    Yesterday, 01:22 PM
    RTM replied to a thread ANZ.NZX - Anyone holding? in NZX
    Thanks for posting. Here is the link for those interested....
    663 replies | 95110 view(s)
  • Snoopy's Avatar
    Yesterday, 10:04 AM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    I should note that my reason for increasing my PGW stake was not that I approved of the seed division sale. It was because the destruction of...
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    Yesterday, 09:14 AM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    So to sum up, your suggestion that PGW is very investable at 52c-53c is largely determined by the fact that interest rates in NZ have gone down so...
    4522 replies | 818102 view(s)
  • RTM's Avatar
    24-06-2019, 10:28 PM
    RTM replied to a thread THL - Tourism Holdings in NZX
    If THL can't make money from Tourism....then what's the point with having it as one of our bigger industries in NZ ? It certainly doesn't make NZ a...
    3353 replies | 504200 view(s)
  • Snoopy's Avatar
    24-06-2019, 07:24 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    Using a capital repayment of $235m $235m / 754.048m = 31.2cps By simple subtraction from the 52c PGW market value, we can now calculate the...
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    24-06-2019, 04:37 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    Closing PGW share price was 52c today. If we take this as Mr Market's 'reference figure', then this 52c will be split into a capital payout amount...
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    24-06-2019, 03:49 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    I am making a small adjustment to my EBITDA figures, adding back into EBITDA the incremental overhead that was an unallocated expense for the sold...
    4522 replies | 818102 view(s)
  • RTM's Avatar
    24-06-2019, 11:38 AM
    RTM replied to a thread ANZ.NZX - Anyone holding? in NZX
    I can remember many comments from contributors to the forum saying they avoid companies with ex-politicians on the Board of Directors. Disc: Holding
    663 replies | 95110 view(s)
  • Snoopy's Avatar
    23-06-2019, 10:34 AM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    Even for long term shareholders, 'PGGW Rural Rump' is now a new investment prospect. Sometimes to put in context where we are going, it is useful...
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    21-06-2019, 10:36 AM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    So Agria are going to use their share of the 3% 3 month term deposit income to pay off the 6%+ bill they are paying on their own borrowings with NZ...
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    20-06-2019, 10:56 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    From the 9th May announcement: Proposed Capital Distribution to Shareholders “The Board has also determined that it intends to recommend a...
    4522 replies | 818102 view(s)
  • RTM's Avatar
    20-06-2019, 05:32 PM
    Lucky we have people who know what they are doing running the show. Hopefully !
    5399 replies | 511674 view(s)
  • Snoopy's Avatar
    20-06-2019, 10:47 AM
    Snoopy replied to a thread RBD - Restaurant Brands in NZX
    Following my March 2019 post, the remaining shares are trading at $9.45 already! I have to admit I am stunned as there has been no real strategic...
    2527 replies | 364199 view(s)
  • RTM's Avatar
    20-06-2019, 09:41 AM
    Thanks Snow Leopard. Useful list. Much appreciated.
    4 replies | 806 view(s)
  • RTM's Avatar
    20-06-2019, 09:16 AM
    RTM replied to a thread AIR NZ in NZX
    ADMIN: AIR: Air New Zealand CEO Christopher Luxon to resign Air New Zealand Chief Executive Officer Christopher Luxon has resigned this evening...
    14803 replies | 2276443 view(s)
  • Snoopy's Avatar
    20-06-2019, 09:07 AM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    Yes, quite correct. I don't see the situation quite as cynically as that. If a company, such as PGG Wrightson, operates a retail...
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    19-06-2019, 09:17 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    From the May 9th 2019 announcement to the market "On settlement of the Seed and Grain business PGW repaid its bank facilities while the Board...
    4522 replies | 818102 view(s)
  • RTM's Avatar
    19-06-2019, 08:22 PM
    RTM replied to a thread ANZ.NZX - Anyone holding? in NZX
    It’s really quite sad. It’s not as tho he was poorly paid. We can do with out that kind of greed in our top company executives.
    663 replies | 95110 view(s)
  • RTM's Avatar
    19-06-2019, 01:04 PM
    RTM replied to a thread Summerset Group IPO in NZX
    It is less than two years ago that I topped up at 486. It could get there again. So I am also sitting on my hands. Time will tell whether I am right...
    8001 replies | 1257700 view(s)
  • Snoopy's Avatar
    19-06-2019, 10:01 AM
    In the short term you are probably quite right Jerry. The argument is that in the long term 'time' and 'rigorous analysis' will even out the daily...
    13 replies | 555 view(s)
  • Snoopy's Avatar
    19-06-2019, 09:06 AM
    Snoopy replied to a thread Meridian Float in NZX
    One weather event winter does not a cash cow make. If the wholesale price trend flips, then next years result could be very different. The...
    1850 replies | 379427 view(s)
  • Snoopy's Avatar
    18-06-2019, 10:07 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    Scenario $157.5m debt repayment eps {A}2.19c PGW Rural Rump: Market Valuation {B}20.8c PE ratio {B}/{A}9.5
    4522 replies | 818102 view(s)
  • Snoopy's Avatar
    18-06-2019, 09:57 PM
    Snoopy replied to a thread PGG-Wrightson ( PGW ) in NZX
    Closing PGW share price was 52c today. If we take this as Mr Market's 'reference figure', then this 52c will be split into a capital payout amount...
    4522 replies | 818102 view(s)
  • RTM's Avatar
    18-06-2019, 04:17 PM
    RTM replied to a thread ANZ.NZX - Anyone holding? in NZX
    Wow...thankyou !
    663 replies | 95110 view(s)
  • RTM's Avatar
    18-06-2019, 01:23 PM
    RTM replied to a thread ANZ.NZX - Anyone holding? in NZX
    Never had smoked flounder.....probably OK.
    663 replies | 95110 view(s)
  • RTM's Avatar
    18-06-2019, 09:12 AM
    RTM replied to a thread Summerset Group IPO in NZX
    Well summed up Iceman, completely agree. While I did get tired of the repetition at times when he got a Bee in his Bonnet over something, (e,g,...
    8001 replies | 1257700 view(s)
  • RTM's Avatar
    17-06-2019, 09:09 PM
    RTM replied to a thread NZ Oil & Gas (NZO) in NZX
    Thankyou Mr Lion for the informative post. It is a long time to cross my fingers, but as I am a holder of NZO....and have been from the start, it...
    15949 replies | 2520586 view(s)
More Activity

3 Visitor Messages

  1. View Conversation
    Hi Snoopy. Hi Liz.

    Now that would be an interesting thread
  2. View Conversation
    Great idea. From my limited past experience, I think contrarian & value picks do quite well when the market turns. Perhaps we should attempt to create a theoretical "Phaedrus vs the index" thread to help balance the long-standing debate...
  3. View Conversation
    Hi Snoopy,
    Just dropped in to sign your visitor book. Thanks for all the interesting posts over the years. Hope your investments are holding their own in this stroppy market.
    Liz
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About Snoopy

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About Snoopy
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To be free or not to be free. That is the cash-flow question....

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