PGW - PGG Wrightson

[Agrarinvestor]

Yes I would have been. Unfortunately they didn't, just as I foretold. Losses for Agria have increased verses the prior comparable period.



This is a myth about PGW that has to be squashed. Look at the half year cashflow statement. PGW received $22.1m cash from a decrease in finance receivables. But in the same statement $28.5m in external borrowings were repaid. This indicates to me that all of the cashflow from the Crafar farms went straight into repaying debt. None was retained inside PGW.

Now look at the PGW segmental information. PGW rural capital (discontinued) lost $1.140m while finance (also discontinued) made $1.169m. Now sum the two. Within rounding error PGW neither made nor lost money as their finance book was wound down.

I conclude that overall the final repayment of the Crafar loans had no net effect, either good or bad, on PGW.

That in turn means that the declared recent dividend will be paid by just borrowing more money from the banks to do it.

SNOOPY

>>That in turn means that the declared recent dividend will be paid by just borrowing more money from the banks to do it.<<

Total Liabilities

406.0

405.5

502.0

847.1

901.8

Total Equity

581.3

575.0

564.0

602.0

631.0

Libilities enhanced by 0.5 Million
Equity enhanced by 6 Million

Where is the problem Snoopy. I don't understand ?


http://www.reuters.com/finance/stock...&symbol=PGW.NZ

[Minerbarejet]

In addition to on The News
AVANE X® unique endophyte technology has won the 2010/2011 Australasian DuPont Innovation Award for Performance Materials, which recognises the commercialisation of outstanding science and technology in Australasia.
The endophyte is a naturally occurring fungus that reduces insect numbers on the grass and as a result makes the area less attractive to insect-feeding birds. It also reduces grass feeding birds flocking to grassy areas by causing post-digestion feedback.
This exciting innovation uses endophyte-infected turf-type grasses, including:

• Jackal, a tall fescue
• Colosseum, a perennial ryegrass.

The attributes of the novel endophytes serve to dramatically reduce bird and insect populations. At airports, this could potentially reduce bird strikes on aircraft. It can also be used in non-airport situations such as sports fields and golf courses where fouling by ducks and geese can occur.
This internationally recognised technology is exclusive to PGG Wrightson Turf and is being used on sports fields, amenity areas, waterways, reservoirs and on and around airports.
Sounds good to me - get plenty of post digestion feedback myself - not many birds around here.

[duncan macgregor]

In addition to on The News
AVANE X® unique endophyte technology has won the 2010/2011 Australasian DuPont Innovation Award for Performance Materials, which recognises the commercialisation of outstanding science and technology in Australasia.
The endophyte is a naturally occurring fungus that reduces insect numbers on the grass and as a result makes the area less attractive to insect-feeding birds. It also reduces grass feeding birds flocking to grassy areas by causing post-digestion feedback.
This exciting innovation uses endophyte-infected turf-type grasses, including:

• Jackal, a tall fescue
• Colosseum, a perennial ryegrass.

The attributes of the novel endophytes serve to dramatically reduce bird and insect populations. At airports, this could potentially reduce bird strikes on aircraft. It can also be used in non-airport situations such as sports fields and golf courses where fouling by ducks and geese can occur.
This internationally recognised technology is exclusive to PGG Wrightson Turf and is being used on sports fields, amenity areas, waterways, reservoirs and on and around airports.
Sounds good to me - get plenty of post digestion feedback myself - not many birds around here.

All very nice But not very practical I cant imagine the quatity required will lift the company to new heights. The customers have had a big financial hit due to the drought so I would expect a downturn in trade. The brightside might be extra grass seed will be required. I would think It will be a couple of flat trading years unless the weather comes to the rescue. This is a company that you look up the weather forecaste to predict its financial fortunes the other is irrevelent. Macdunk

[Food4Thought]

Perhaps if PGW threw in a mix of this http://www.youtube.com/watch?v=48H7zOQrX3U and cross it with some AIRNZ advertising, that lil animal Rico http://www.youtube.com/watch?v=BZLBY3lYtsQ. Their product would get some good international exposure... I know, Farmers are all about watching YouTube clips... Anyway, enjoy some Monday morning funny's

[Master98]

could be a billion-dollar business for pgw
http://www.stuff.co.nz/business/farm...grass-on-offer

[Minerbarejet]

could be a billion-dollar business for pgw
http://www.stuff.co.nz/business/farm...grass-on-offer

fescue to the rescue. lol

[Master98]

Wait till the greenies get wind of this!

billion dollar business? Are there that many airports?

include all those military ones

[Dej]

include all those military ones

PGW should try get the rights so only they can mow it too

[Minerbarejet]

MOA probably has them already

[Food4Thought]

Good application in the wine growing industry? Plant it between your fruit trees... less attraction for birds? There are many applications for a grass that would keep bird numbers down... naturally. This grass should be endorsed by the SPCA...etc