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  1. #2871
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Snoopy View Post
    Wolf I have been investing a bit longer than you and my PGW shares owe me 45c as well. I see no reason to sell from here, as Agria on the register should see a steady steam of dividends headed our way. The very highly paid gardener, George Gould, I believe will be off the payroll this year. That should add a million or so to profits for FY2014 right there.

    I am sure your investment in agriculture and specifically horticulture is exactly the place to be though. Here in Christchurch city the head gardener, a bloke named Marriott, is on $500k plus. Over at another Christchurch based company called Solid Energy the head gardener, a bloke called Elder is I think on close to $1m. So horticulture is I think, the money making industry of the future ;-P.

    SNOOPY
    Good one Snoopy

  2. #2872
    percy
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    Quote Originally Posted by Lizard View Post
    I actually feel more positive about the potential for share price growth from here. However, it is still hard to see more than 20-50% in it, so not alot to get excited about.
    20%-50% gets me very excited.!! lol.
    Last edited by percy; 13-08-2013 at 03:04 PM.

  3. #2873
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    If you go talk to either PGW or Farmlands/RD1 staff about products... you will soon realize that the situation is comparable to asking a person at a Red Shed about their best recommendation on a fishing spot versus asking someone at your local hunting and fishing store... You pay for what you get, and PGW has a solid product range and a skilled staff base. I hope that Australian venture starts bearing some juicy fruit in the next couple of years... I wonder what stats are available on warm NZ winters and wet Australian summers...?
    Last edited by Food4Thought; 13-08-2013 at 03:36 PM.

  4. #2874
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    Quote Originally Posted by Snoopy View Post
    Wolf I have been investing a bit longer than you and my PGW shares owe me 45c as well. I see no reason to sell from here, as Agria on the register should see a steady steam of dividends headed our way. The very highly paid gardener, George Gould, I believe will be off the payroll this year. That should add a million or so to profits for FY2014 right there.

    I am sure your investment in agriculture and specifically horticulture is exactly the place to be though. Here in Christchurch city the head gardener, a bloke named Marriott, is on $500k plus. Over at another Christchurch based company called Solid Energy the head gardener, a bloke called Elder is I think on close to $1m. So horticulture is I think, the money making industry of the future ;-P.

    SNOOPY
    Cheers Snoopy

  5. #2875
    Member glennj's Avatar
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    I'm sure that the co-operatives have taken market share from PGW over the years. PGW would be a smaller operation now than their constituents Wrightsons, Fruit Fed Supplies, Pynes etc. once were. Farmlands have gone from strength to strength as have CRT and these operations have now combined. PGW are lucky that the CRT Farmlands co-op doesn't compete in livestock and some other areas!

    My experiences differ from your friends snapiti and I've found and had farmers tell me that that the co-ops are better than PGW in the merchandise area for service, price and range of products. For specialist advice I'd deal direct with the company manufacturing the products e.g. herbicide, culvert pipes etc. rather than the sales people at the ag shops whose specialist knowledge is often limited and often tends toward what they have in stock. I currently have an account with CRT & find them very good on the service!

    I'm holding a moderate number of PGW shares and have found their restructuring progress dissapointing. I'll hang in a bit longer but like belgy am now resigned to thinking earlier optimism may have been over done and that progress will be slow.

  6. #2876
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    I don't hold any shares in PGW these days but as a former shareholder in Wrightsons - and Wright Stephensons then Fletcher Challenge (remember them?) before them - I take a casual interest in the company, waiting for an opportune time to invest, which never seems to eventuate!

    Many years ago, I attended an EGM when Wrightsons sought shareholder approval to sell Wrightson Farmers' Finance to Rabobank. The company had endured one of those periodic hard years and selling the finance company seemed a sensible way out of their difficulties. Chairman, the late Sir Ron Trotter, presented a good case for the sale but he was opposed by several farmer shareholders who warned that losing the finance arm, with its seasonal financing of many farmers, would sever its links with its clientele who would then have no particular reason to stay with Wrightsons and would gravitate to the co-ops who could offer member rebates. They spoke with some passion but lost the vote and Rabobank bought the finance co.

    It don't think that the company has ever recovered from this. The merger with PGG followed, as has the establishment of a new finance offshoot, but I sense that PGW's day in the sun has passed and that the old "stock and station" companies have been well and truly supplanted by the co-ops.

  7. #2877
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    I agree 100 % with this reason !!! Belg

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    Quote Originally Posted by belgarion View Post
    You'll have to work hard to convince me of even 20 per cent, Liz. Them co-ops will keep PGW exactly where they are for years to come and nothing the company management has planned or announced leads me to believe otherwise. (I really should have spent more time understanding PGW's competitive environment before buying.)
    This one

  9. #2879
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    Quote Originally Posted by macduffy View Post
    I don't hold any shares in PGW these days but as a former shareholder in Wrightsons - and Wright Stephensons then Fletcher Challenge (remember them?) before them - I take a casual interest in the company, waiting for an opportune time to invest, which never seems to eventuate!

    Many years ago, I attended an EGM when Wrightsons sought shareholder approval to sell Wrightson Farmers' Finance to Rabobank. The company had endured one of those periodic hard years and selling the finance company seemed a sensible way out of their difficulties. Chairman, the late Sir Ron Trotter, presented a good case for the sale but he was opposed by several farmer shareholders who warned that losing the finance arm, with its seasonal financing of many farmers, would sever its links with its clientele who would then have no particular reason to stay with Wrightsons and would gravitate to the co-ops who could offer member rebates. They spoke with some passion but lost the vote and Rabobank bought the finance co.

    It don't think that the company has ever recovered from this. The merger with PGG followed, as has the establishment of a new finance offshoot, but I sense that PGW's day in the sun has passed and that the old "stock and station" companies have been well and truly supplanted by the co-ops.

    Duncan Mac once told us there is no money to be made from farming ..until you sell the farm.

    I believe him ...except that the bankers and finance guys seem to do ok on the way through. But PGW not even involved in that side of agriculture now....bugger

    They just one big shop and have lots of people who help farmers sell things. Just like any retailer or commission agent ...except their customer base is mainly farm based. Simple as but not a hugely profitable model really.

    My grandad always bought his tractors and cars from a Wrightsons something. I don't think PGW even sell these things now. So as Mcduffy says what's the thing that ties farmers and PGW together ...ongoing loyalty stuff?

    Steady as she goes svthe best PGW can ever do .....even if things return to 'normal'

    And that what I don't like about the PGW ...they are in a fickle market .....but PGW don't have a resilient business model'

  10. #2880
    percy
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    Quote Originally Posted by winner69 View Post
    Duncan Mac once told us there is no money to be made from farming ..until you sell the farm.

    I believe him ...except that the bankers and finance guys seem to do ok on the way through. But PGW not even involved in that side of agriculture now....bugger

    They just one big shop and have lots of people who help farmers sell things. Just like any retailer or commission agent ...except their customer base is mainly farm based. Simple as but not a hugely profitable model really.

    My grandad always bought his tractors and cars from a Wrightsons something. I don't think PGW even sell these things now. So as Mcduffy says what's the thing that ties farmers and PGW together ...ongoing loyalty stuff?

    Steady as she goes svthe best PGW can ever do .....even if things return to 'normal'

    And that what I don't like about the PGW ...they are in a fickle market .....but PGW don't have a resilient business model'
    Life is very simple;if you give people what they want,you will get what you want.
    In PGW's case they service the rural community.If they give that community what they want when they want it they will do well.
    When rural community does well so will PGW.
    Simple.!

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