PGW - PGG Wrightson

[Sideshow Bob]

Seems we will have to wait for February's result,before we can pass judgement.
Going from the prices the supermarkets are charging for beef and lamb,PGW's "core" farmers are getting very good prices for their stock..

Appears a little of the heat has come out of the Chinese market - as now looking post CNY. Schedules came down 30-40c for lamb at Xmas - but still high and historically good money. Farmers should be loving it.

[stoploss]

Appears a little of the heat has come out of the Chinese market - as now looking post CNY. Schedules came down 30-40c for lamb at Xmas - but still high and historically good money. Farmers should be loving it.

A lot of stock lost in Australia, and a lot of feed has been burnt. So as sad as the situation is over there, bodes very well for NZ farmers....

[kiora]

Appears a little of the heat has come out of the Chinese market - as now looking post CNY. Schedules came down 30-40c for lamb at Xmas - but still high and historically good money. Farmers should be loving it.

They should be loving it just like NZ share market investors.Unusual for them both to be aligned
https://www.interest.co.nz/rural-new...markets-adjust

[Balance]

They should be loving it just like NZ share market investors.Unusual for them both to be aligned
https://www.interest.co.nz/rural-new...markets-adjust

Talked to my Waikato farmer mate and he said that farmers in the region have had one of their best years ever - excellent prices right across the board for all their produce with plenty of demand.

The main gripe they have is that the banks are still keeping a very tight rein on lending to the dairying sector and that's causing hardship for those who are looking to sell their farms. Impacts significantly on PGW's real estate division.

But things may finally be starting to look up?

https://www.ruralnewsgroup.co.nz/dai...art-to-look-up

[Balance]

Interesting market action?

Where have all the sellers gone all of a sudden?

[Snow Leopard]

Probably little to do with PGW but it brings the thread up:

2020 Ground Spreading Award Nominations Open:
https://www.scoop.co.nz/stories/BU20...g-industry.htm

PGW HY results must soon. Hope they are good.

[percy]

PGW's HY result will be this Wednesday the 26th February.

[percy]

Although I have been confident PGW would produce a good result,I have also been nervous.
An excellent result,and the 9 cents fully imputed divie is a cent higher than projected 8 cents,which is a pleasant surprise..
We certainly are invested in a very well directed/managed solid company, which is a very respected business partner to NZ's rural businesses.

[Balance]

Although I have been confident PGW would produce a good result,I have also been nervous.
An excellent result,and the 9 cents fully imputed divie is a cent higher than projected,which is a pleasant surprise..
We certainly are invested in a very well directed/managed solid company, which is a very respected business partner to NZ's rural businesses.

The turnaround is done and the business is truly gathering momentum.

http://nzx-prod-s7fsd7f98s.s3-websit...949/317473.pdf

[Snow Leopard]

Although I have been confident PGW would produce a good result,I have also been nervous.
An excellent result,and the 9 cents fully imputed divie is a cent higher than projected 8 cents,which is a pleasant surprise..
We certainly are invested in a very well directed/managed solid company, which is a very respected business partner to NZ's rural businesses.

Glad you are happy -- I am trying to understand the accounts and, as usual:
have got lost adding this back in;
and subtracting that;
and so far have not even tried multiplying for the other.