sharetrader
Page 582 of 582 FirstFirst ... 82482532572578579580581582
Results 5,811 to 5,814 of 5814
  1. #5811
    Guru
    Join Date
    Sep 2009
    Posts
    2,858

    Default

    "the farmers who do have spare feed may not have to pay as much for the beasts they plan to fatten up over the winter months. So the PGW GoLivestock balance may be reduced as a result of that"

    No,beef prices will be higher with a shortage of stock likely.Works already indicating $6.50/kg later in winter

  2. #5812
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,474

    Default

    Quote Originally Posted by kiora View Post
    "the farmers who do have spare feed may not have to pay as much for the beasts they plan to fatten up over the winter months. So the PGW GoLivestock balance may be reduced as a result of that"

    No,beef prices will be higher with a shortage of stock likely.Works already indicating $6.50/kg later in winter
    Good to hear.

    Higher beef prices
    => Higher prices paid at auction for cattle
    => Higher commission income for PGG Wrightson Livestock
    => More capital needed to support 'GoLivestock' (the only negative)
    BUT ultimately farmers are better off
    => More money spent on the retail side of the PGW business
    => EBITDA increases
    => ability to support today's higher company debt increases
    => less need to conserve capital = 'dividends restored' YAY!

    The 'virtuous circle' circles back.

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

  3. #5813
    Member
    Join Date
    Nov 2018
    Posts
    52

    Default

    "Higher beef prices" no one can afford to buy!

  4. #5814
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,474

    Default

    Quote Originally Posted by FatTed View Post
    "Higher beef prices" no one can afford to buy!
    They can in Japan.

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

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
  •