PGW - PGG Wrightson

[iceman]

Yes a great result and a pleasing increase in the dividend. This company is no on solid footing. But i my view I think some warning signals are flashing for the next few months with the effect on the Coronavirus slowdown being an unknown but possibly substantial
This from the report supports that view. "Commodity pricing for lamb and beef held and remained high compared to historical levels. This has been welcomed by sheep and beef farmers as commodity pricing has been driven by strong demand from China."

[sb9]

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.

What a nice surprise on divvy front just like HGH.

Will look to top up if price gets to silly levels due to current macro scenario.

[percy]

What a nice surprise on divvy front just like HGH.

Will look to top up if price gets to silly levels due to current macro scenario.

I added to my wife's modest holding this morning.
My holding is a bit more substantial.
Yes the higher divies from both PGW and HGH are a pleasant surprise.

[percy]

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.

Get on with it before Snoopy offers to help you.!..lol.

[black knat]

I note from the teleconference this morning that overheads are likely to be further reduced as the company is re-sized. I particularly liked the annual 18% reduction in directors fees going forward. This is now an excellent, well run, stable company, currently trading on a gross return of 10% ... not many of those on the NZX nor anywhere else.

[sb9]

Can someone help that seller with 243,700 volume asking 2.45 a piece, been there for past few days or so.

[percy]

Yesterday PGW were trading at $2.37 cum divie.
Today they have traded at $2.37 ex divie.?

[sb9]

Wow, over 10% drop in PGW's price today. Didn't know they deal in oil related products

[percy]

Neither did I...lol.
Big lack of buyers earlier today,a few have appeared now.

[kiwidollabill]

Wow, over 10% drop in PGW's price today. Didn't know they deal in oil related products

Oil price has correlation to the dairy price, less dairy $, not good for PGG

Or that's the theory....