PGG-Wrightson ( PGW )

[rmbbrave]

They finished today at 1.98.

So if you want a "bargin" you can still get one.

Have you bought back into PGW Duncan?

[duncan macgregor]

quote:Originally posted by rmbbrave

They finished today at 1.98.

So if you want a "bargin" you can still get one.

Have you bought back into PGW Duncan?

RMBBRAVE, money where the mouth is. The farming cycle with the lower dollar and the rise of china can only trend up. Another 20pcenter plus divies on the way. macdunk

[rmbbrave]

Another 20%er Duncan?

Over what time frame?

[Mick100]

Good call Macdunk

Take alook at a long term chart of PGW. It's on a steady incline

I think you will get your 20% plus divi on this one.

rmbbrave, I assume macdunk's time frame is one year.
,

[duncan macgregor]

quote:Originally posted by Mick100


Good call Macdunk

Take alook at a long term chart of PGW. It's on a steady incline

I think you will get your 20% plus divi on this one.

rmbbrave, I assume macdunk's time frame is one year.
,

Maybe yes and maybe no mick. It should trend up at 20pc pa plus dividends over what period remains to be seen. The sp will one day be to high for what it is and trend down all over again. I expect a timeframe of at least a couple of years but that depends on outside influences. macdunk

[kittydashwood]

Don't get the wool pulled this little heifer is going nowhere until the EU let Fonterra play butterball and the insurance pays out for the extreme weather events this year.

To ignore the risks would be Duncanesque, I do share your positive view for the future of PGW but thebuy order at 1.85 could still be filled before September.

disc. hold

[kittydashwood]

Oh my god I just realised MACD has become a guru!!
Congratulations Duncan maybe we can get you a new keyboard for the next 2500 posts.

[duncan macgregor]

quote:Originally posted by kittydashwood

Don't get the wool pulled this little heifer is going nowhere until the EU let Fonterra play butterball and the insurance pays out for the extreme weather events this year.

To ignore the risks would be Duncanesque, I do share your positive view for the future of PGW but thebuy order at 1.85 could still be filled before September.

disc. hold

KITTY, the butterball is sold its back to squire one. More upside than downside. The only downside in the immediate future is the deer velvet. I doubt very much if the sp will be under $2-00 before it hits $2-50 which it will do before this cycle is over. The end of the bad weather season is always a good buy in time dont get to greedy and miss out. macdunk

[Mick100]

Congratulations Macdunk, your a bloody genious

PGW has 3-4 yrs of upside from here in my opinion

I'm expecting a doubling in shareprice in the next 4 yrs. Who cares wheather you pay $2.00 or 1.85 as long as your in on the bull market in Ag commodities
,

[kittydashwood]

Truth is I've been long since pgg was 1.08 in 2003

[Mick100]

quote:Originally posted by kittydashwood

Truth is I've been long since pgg was 1.08 in 2003

You may be clever but your not a Guru
,

[Snow Leopard]

I am a guru, and I was interested in PGW.
But if MacDunk is going to sing it's praises, then I am out.

[duncan macgregor]

quote:Originally posted by Paper Tiger

I am a guru, and I was interested in PGW.
But if MacDunk is going to sing it's praises, then I am out.

AH DONT SING AND AM NOT SINGIN. AH DONT SMILE AND AH AINT LAUGHIN.
AND AH DONT SING PRAISES CAUSE IT AINT SUNDAY. macdunk

[Snow Leopard]

quote:Originally posted by duncan macgregor

AH DONT SING AND AM NOT SINGIN. AH DONT SMILE AND AH AINT LAUGHIN.
AND AH DONT SING PRAISES CAUSE IT AINT SUNDAY. macdunk

Presbyterian heh?

[BRICKS]

DONT forget ALF it has a big weather proof fiance company and not much butter to boot but very hard to BUY.. [8D]

[Sideshow Bob]

Never held, but how much of their income comes from Real Estate?


Winter Blamed For Farm Sales Drop

Sat 22-Jul-2006 6:37AM


The Real Estate Institute is blaming the harsh winter for a significant drop in farm sales.


It says the number of farm properties to change hands dropped by almost 100 last month, from about 250 in May. It is also 50 fewer sales than in June last year.

The median price for farm properties is also down on the previous month and a year ago

The Institute's rural spokesperson, Murray Cleland, says while there is always a winter slow-down, the extent of the drop in sales has been surprising.

The lifestyle property market has caught a cold as well, with fewer sales last month and the median price dropping to below $400,000.

However, he says the market fundamentals remain good, especially with the falling dollar and he expects to see a revival of interest in the spring.


http://www.fencepost.com/news/detail...Sales_Drop.xml

[duncan macgregor]

Good pay out from fronterra, slightly more than expected after a year fighting the high dollar. Everything points to a trend up according to what i hear down at the farm. The high price of fuel is more of an advantage than a disadvantage to NZ farmers in one respect. overseas farmers on average have a greater exposure to fuel prices than nz farmers creating higher prices for their produce. macdunk

[CAM]

quote:Originally posted by duncan macgregor

overseas farmers on average have a greater exposure to fuel prices than nz farmers
macdunk

Whats your source of info for that statement?

cheers

[duncan macgregor]

CAM, Been there seen that. NZ farmers dont have to crop to the extent most overseas farmers do in order to feed their animals. The higher the price of fuel the greater the advantage. macdunk

[kittydashwood]

MACD that statement is erroneous as the NZ dollar is the worst performing currencey in the world and oil is measure in US DOLLARS