sharetrader
Page 317 of 563 FirstFirst ... 217267307313314315316317318319320321327367417 ... LastLast
Results 3,161 to 3,170 of 5626
  1. #3161
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Okay, completely understood...large dividends can be known to have addictive properties, not dissimilar to alcohol so all is forgiven and now please go and get your snout into the PGW presentation.
    Last edited by Beagle; 25-08-2014 at 10:56 AM.

  2. #3162
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,223

    Default

    Quote Originally Posted by Roger View Post
    please go and get your snout into the PGW presentation.
    Um, what presentation is that?

    SNOOPY
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

  3. #3163
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    Snoopy- not manipulation but all about the good story they want you to believe.

    Gaynor says market response to PGW a bit muted because so many stories about the actual result going around has confused everybody.

    http://www.nzherald.co.nz/business/n...ectid=11316404

    Extract -

    PGG Wrightson, which was incorporated in 1900, reported a spectacular upturn in earnings and is paying its first full-year dividend since 2009.

    Investor response to the result has been muted, mainly because the company's accounting presentations are inconsistent and extremely difficult to decipher.

    The company's June 2014 net profit after tax has been reported as follows:

    • PGG Wrightson's media release states that net earnings increased from $14.7 million for the June 2013 year to $42.3 million for the latest period.

    • The NZX one-page summary stated that net earnings increased from $19.8 million to $42.3 million.

    • The NZ IFRS compliant financial statements shows that net earnings went from a loss of $303.7 million in the 2012/13 year to a net profit after tax of $38.7 million for the latest period.

    • A broker report, using normalised net earnings, shows that net earnings rose from $24.6 million to $28.7 million over the same period.

    These figures highlight the huge differences between adjusted, normalised, underlying and NZ IFRS-based earnings. These figures can be extremely confusing for investors because they allow companies to emphasise the highest profit figure for the latest reporting period and the lowest one from the previous corresponding period. As a consequence, the year on year percentage increase can be made to look extremely impressive.

  4. #3164
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,223

    Default

    Quote Originally Posted by winner69 View Post
    Snoopy- not manipulation but all about the good story they want you to believe.

    Gaynor says market response to PGW a bit muted because so many stories about the actual result going around has confused everybody.

    http://www.nzherald.co.nz/business/n...ectid=11316404
    This is why I put a lot of time into developing my own model for PGW Winner. Even though I am still underwater on my PGW investment in capital terms, applying my model has meant that I have gone from a situation where I had lost half of my capital to almost breaking even. It has been a huge turnaround.

    Extract -

    PGG Wrightson, which was incorporated in 1900, reported a spectacular upturn in earnings and is paying its first full-year dividend since 2009.

    Investor response to the result has been muted, mainly because the company's accounting presentations are inconsistent and extremely difficult to decipher.

    The company's June 2014 net profit after tax has been reported as follows:

    • PGG Wrightson's media release states that net earnings increased from $14.7 million for the June 2013 year to $42.3 million for the latest period.

    • The NZX one-page summary stated that net earnings increased from $19.8 million to $42.3 million.

    • The NZ IFRS compliant financial statements shows that net earnings went from a loss of $303.7 million in the 2012/13 year to a net profit after tax of $38.7 million for the latest period.
    The IFRS compliant report contained the effect of the goodwill writedown, which is not relevant in looking at how PGW is performing on an operating basis.

    • A broker report, using normalised net earnings, shows that net earnings rose from $24.6 million to $28.7 million over the same period.
    The broker report looks the most credible. The $42.5m figure most quoted by PGW contains all kinds of one offs.

    These figures highlight the huge differences between adjusted, normalised, underlying and NZ IFRS-based earnings. These figures can be extremely confusing for investors because they allow companies to emphasise the highest profit figure for the latest reporting period and the lowest one from the previous corresponding period. As a consequence, the year on year percentage increase can be made to look extremely impressive.
    In fairness I think looking at the growth rate is completely the wrong way of going about analysing PGW. PGW is not really a growth company, as any growth shoots are too small to make an impact on the big picture. If you think of PGW as a dividend payer only, and look over a business cycle, and use a PE multiple of no more than 10 at the top, that will give the best view as to whether or not you are getting a bargain buying PGW on the market today.

    SNOOPY
    Last edited by Snoopy; 30-08-2014 at 01:18 PM.
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

  5. #3165
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    Quote Originally Posted by Snoopy View Post
    This is why I put a lot of time into developing my own model for PGW Winner. Even though I am still underwater on my PGW investment in capital terms, applying my model has meant that I have gone from a situation where I had lost half of my capital to almost breaking even. It has been a huge turnaround.



    The IFRS compliant report contained the effect of the goodwill writedown, which is not relevant in looking at how PGW is performing on an operating basis.



    The broker report looks the most credible. The $42.5m figure most quoted by PGW contains all kinds of one offs.



    In fairness I think looking at the growth rate is completely the wrong way of going about analysing PGW. PGW is not really a growth company, as any growth shoots are too small to make an impact on the big picture. If you think of PGW as a dividend payer only, and look over a business cycle, and use a PE multiple of no more than 10 at the top, that will give the best view as to whether or not you are getting a bargain buying PGW on the market today.

    SNOOPY
    So the only real number which is consistently reported is Free Cash Flow

    FY14 it was $36.3m which was down r4om $41.9m FY13

    How much of the $36m being paid out in dividends?

  6. #3166
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by winner69 View Post
    So the only real number which is consistently reported is Free Cash Flow

    FY14 it was $36.3m which was down r4om $41.9m FY13

    How much of the $36m being paid out in dividends?
    May pay to use brokers' research,as they seem to stick with the same "apples."

  7. #3167
    Senior Member
    Join Date
    Jun 2014
    Location
    Mid of Middle_earth
    Posts
    1,024

    Default

    Quote Originally Posted by percy View Post
    May pay to use brokers' research,as they seem to stick with the same "apples."
    Looks like the same enthusiasm is now being shared by ASB as this stock will be once more covered with margin lending of 50% starting tomorrow.

  8. #3168
    Member
    Join Date
    Jun 2012
    Posts
    245

    Default Agria financial results

    I expect 30% plus within 2 weeks. A turnaround is possible.

    ------------------------------------------------------------------


    Agria Corporation to Report Fiscal Year 2014 Financial Results on Thursday, September 11, 2014



    BEIJING, CHINA--(Marketwired - Sep 2, 2014) - Agria Corporation (NYSE: GRO) (the "Company" or "Agria") today announced that the Company plans to release financial results for the year ended June 30, 2014 on Thursday, September 11, 2014, before the U.S. market open. The Company will discuss its financial results and outlook in a conference call on September 11, 2014 at 8:00 a.m. Eastern Time/8:00 p.m. Beijing time. The call will be hosted by Mr. Patrick Tsang, Chief Financial Officer, and Mr. Kean Seng U, Head of Corporate and Legal Affairs.


    Investors interested in participating in the live call should dial +1 (913) 312-0982 and enter passcode 8392933. A simultaneous live webcast will be available on the Company's website atwww.agriacorp.com. A replay of the call will be available either via telephone or webcast until September 18, 2014. The telephone replay can be accessed by dialing +1 (858) 384-5517 and entering passcode 8392933. The webcast replay can be accessed in the Investor Center on the Company's website.

  9. #3169
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    I think we've built a new base at circa 40-41 cents ex divvy and with the exceptional forecast dividend yield for 2015 and beyond I bought more this morning. No sense leaving too much money sitting in a call account.

  10. #3170
    Member
    Join Date
    Jun 2012
    Posts
    245

    Default Agrias results

    Good Night ?

    Agrias results are available:

    Financial Highlights for the fiscal year ended June 30, 2014:

    • Consolidated revenue was $1.0 billion for the fiscal year ended June 30, 2014, a 9% increase from $940.2 million for the fiscal year ended June 30, 2013. All business segments contributed to revenue growth, with strong performance in the Crop Protection, Nutrients and Merchandise segment and the Rural Services segment.
    • Operating profit was $34.7 million, representing an increase of 62% from $21.4 million in fiscal 2013. Operating profit growth was mainly driven by increased gross profit.
    • Net profit was $26.1 million, compared to net loss of $199.4 million in fiscal 2013. The turnaround was primarily due to the absence of material impairment charges in 2014, as compared to the one-time goodwill impairment charge of $140.8 million and the provision for impairment of land use rights and non-current prepayments of $57.0 million made in 2013.
    • Net profit attributable to shareholders was $5.9 million, compared to net loss attributable to shareholders of $137.2 million in fiscal 2013.

    • Mr.
      Alan Lai, Agria's Executive Chairman, commented, "We continue to pursue our vision of establishing Agria as a major global agricultural leader. Our leadership positions in key product categories in Asia-Pacific and South America are the foundation for future growth, as we continue to focus on our global integration and strategies. Our improved results this year indicate the strength of this foundation. Solid revenue growth and improved profitability are signals that our products meet the needs of farmers and ranchers within our current footprint. We are confident that we can realize global synergies as we expand into new growing regions around the world."Mr. Lai continued, "During the year we re-organized the business to focus on key product categories that we intend to offer globally over time. Each segment demonstrated revenue growth and greatly improved operating profit. Within each segment, we grew by focusing on better meeting customer needs, developing new value-added technologies, and nurturing a passionate and technically sound team with global vision and execution capabilities. These timeless business values define Agria and will be the basis of our success for years to come."
      Business Highlights
      The Company experienced growth across all business segments during the fiscal year ended June 30, 2014. Seed and Grain revenue grew 3% with operating profit up 22%. Crop Protection, Nutrients and Merchandise revenue grew 14% with operating profit up 22%. Rural Services revenue grew 12% with operating profit up 34%.
      The following table summarizes the results of business segments for the fiscal year ended June 30, 2014.



      Revenue Operating Profit
      2014 2013 2014 2013
      US$'000 US$'000 US$'000 US$'000
      Seed & Grain 384,930 375,096 23,523 19,226
      Crop Protection, Nutrients & Merchandise 406,327 357,315 23,185 18,977
      Rural Services 232,314 207,783 21,794 16,243
      Corporate - - (33,850 ) (33,069 )
      Total 1,023,571 940,194 34,652 21,377
    • As of June 30, 2014, cash and cash equivalents were $14.0 million. Total debt was $118.0 million, representing a decrease of 30% since June 30, 2013.
    • Seed and Grain
      Seed and Grain generated revenue of $384.9 million and operating profit of $23.5 million in fiscal year 2014, representing year-over-year increases of 3% and 22% respectively. This segment contributed 37% to consolidated revenue. Revenue growth was driven by a 27% increase in grain sales and a 17% increase in revenue from seeds in New Zealand. Favorable trading conditions in New Zealand resulted in a greater volume sold of proprietary grasses, maize, and Cleancrop™ Brassica system. In Australia, a higher volume of proprietary products was sold. The higher volumes combined with revised discounts and rebate programs resulted in greater overall profitability.

      Crop Protection, Nutrients, and Merchandise
      Crop Protection, Nutrients and Merchandise generated revenue of $406.3 million and operating profit of $23.2 million, representing year-over-year increases of 14% and 22% respectively. This segment contributed 40% to consolidated revenue. Improved performance resulted from initiatives to develop better technical expertise and customer service skills within the sales force, combined with enhancements to logistics systems.

      Strong sales growth also reflected higher confidence in the dairy sector, increased investment by farmers in fruit production, and market share growth in key value-added categories related to agronomy inputs, in particular agricultural chemicals and fertilizers.
      Rural Services
      Rural services generated revenue of $232.3 million and operating profit of $21.8 million, representing year-over-year increases of 12% and 34% respectively. This segment contributed 23% to consolidated revenue.

      Due to the completion of the Vietnam export contract last year, Livestock revenue decreased by 20% to $63.8 million. Despite a decline in the volume of sheep sold, average unit price increased from the previous year. The Company increased its dairy market share, a result of ongoing efforts to improve the quality and capacity of the livestock representative force. Finally, cattle and dairy prices on average were higher than the previous year, and remained firm throughout the year. This mix of impacts netted out to increased Livestock operating profit.
      Other sectors in Rural Services with notable revenue growth include Irrigation and Pumping (up 44%), Wool (up 31%), and Real Estate (up 27%).
      Irrigation and Pumping operating profit grew by 34%. The Company expanded its presence across all of New Zealand via the acquisition of a complementary irrigation and pumping business. Results were also enhanced by strong demand created by wind damage experienced by many clients in New Zealand's Canterbury region.
      Real Estate experienced an exceptionally good year with operating profit up 187%, due mainly to successful transactions for a number of large farms and a farm portfolio. Activity was driven by strength in the dairy sector. Agria's agent force expanded during the year, and demonstrated better productivity due to improved knowledge and experience.
      Higher revenue from Wool was driven by strong growth in export sales and higher wool price.
      New Reporting Conventions Reflect Global Operations
      With this report, Agria Corporation changed the presentation currency of its consolidated financial statements from Chinese Renminbi ("RMB") to the U.S. dollar. The Company believes that the U.S. dollar is more appropriate than the Chinese RMB for presenting its performance and financial position, due to the global nature of its operations, the worldwide recognition of the U.S. dollar, and the greater ease in making direct comparisons with industry peers and other US-listed companies. Agria has evolved from a China-based company into a group with global reach. The Company has a presence in various countries including New Zealand, Australia, Uruguay, Brazil and Argentina, as well as exposure to customers in 47 countries across every continent through its international trading and seed multiplication businesses.
      The consolidated financial statements of the Company for the fiscal years ended June 30, 2013 and 2014 have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board("IASB").

      Conference Call
      Agria will discuss its financial results and outlook in a conference call on September 11, 2014 at 8:00 a.m. Eastern Time/8:00 p.m.Beijing time. The call will be hosted by Mr.
      Patrick Tsang, Chief Financial Officer, and Mr. Kean Seng U, Head of Corporate and Legal Affairs. Investors interested in participating in the live call should dial +1 (913) 312-0982 and enter passcode 8392933. A simultaneous live webcast will be available on the Company's website at www.agriacorp.com. A replay of the call will be available either via telephone or webcast until September 18, 2014. The telephone replay can be accessed by dialing +1 (858) 384-5517and entering passcode 8392933. The webcast replay can be accessed in the Investor Center on the Company's website.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •