Originally Posted by
winner69
Not much new Snoops. Has this statement from Agria ….rest is about what our Oliver says
Extract
In a statement supplied to the Herald, Agria took aim at PGW’s performance.
“While there are some small signs of performance improvement in one or two business lines, the last four years has seen inconsistent and declining business performance,” the company said.
“As a result, shareholders including Agria are seeing the ongoing erosion of value – market capitalisation, share price, dividends, international sales and demand, margins, and increasing debt levels.”
Agria acknowledged the work of the board to lead and govern “through these challenging years” but said the company now required a different skill set to improve its business performance.
“Regrettably, the business metrics and facts speak for themselves and in the best interests of the company, Agria believes an updated and new set of skills is required to arrest the four-year financial decline of PGG Wrightson.”