It never rains but it pours these days for PGW :(
Printable View
Reminds me of the old Toyota Ute advertisement...Bugger ! Disc - Sold out a little while back...(won't own anything with a significant exposure to dairy until we see clear evidence that dairy is making a meaningful recovery)
Things do seem tough but I am now wondering about buying back in just to hold for the yield. If things are tough and they haven't tanked, then it possibly the next direction a gradual upwards climb? I shall watch and wait for a short while and maybe see if the next dairy auction is another improved one.
Yield it shall be will be happy enough to pay in high 30 to low 40s to get the dividend when there isn't a better place for the cash. I have ust put our spare cash into Trifast on the London exchange TRI.LSE, so now I need to wait a bit to get some more cash to buy some PGW for yield (I also get to optimise share purchases by favourable exchange rates currently choosing EUR, GBP and NZD). Everyday bank account has been nearly emptied so I could maximise the money leaving the country (not good to keep money in the bank where we are living). Even though we will be living off the smell of an oily rag this week, I still paid double to buy my NZ Jaz apples...marketed to me as 'new seasons apple, not soft one, like other one' so I purchased if only to boost my SCL dividend!
Yes currently looking over a couple down south .... 10yr fixed lease on settlement ...many have now sold some as low as 6% yields all pretty much the same 1960's concrete block/ steel NBS-67% .. does tick many boxes for this investors(at the right price) to diverse my investments ..esp when we will likely see two more rate cuts
3-4% interest rates over the term of the
Do you think PGW will still want branches in these towns in 11 years time?
I ask that as the biggest suppliers of books to the NZ book trade are based in Victoria,and deliveries take about the same time as they did from Auckland.
Bit like Pack'n'Save replacing the corner shop.
Can't see tenants lining up for a prime downtown site in Kurow,or any of those towns.