PGW - PGG Wrightson

**GR8DAY** · 25-02-2015, 03:40 PM

Originally Posted by sb9

Looks like some big players have bit of stranglehold on sp in the short term.

....DON'T THINK THAT WILL LAST FOR LONG SB........there are also 3 times the number of buyers as sellers on the top line........whats that saying? (traders out...longtermers in? ). Still the best yield stock with growth prospects on the market I believe. A run of good weather and solid spending from the cockies shud see SP up around, if not over the 60c mark IMHO.

**Beagle** · 25-02-2015, 04:33 PM

Originally Posted by GR8DAY

....DON'T THINK THAT WILL LAST FOR LONG SB........there are also 3 times the number of buyers as sellers on the top line........whats that saying? (traders out...longtermers in? ). Still the best yield stock with growth prospects on the market I believe. A run of good weather and solid spending from the cockies shud see SP up around, if not over the 60c mark IMHO.

+1 I agree.

**noodles** · 25-02-2015, 10:04 PM

A bit of colour on how the full year forecasts have been derived
http://podcast.radionz.co.nz/busines..._risks-048.mp3

**noodles** · 25-02-2015, 10:45 PM

After 3 broker reports, the average target price has now moved up to 56c (from 50c)
http://www.4-traders.com/zbcache/reu...RepNo=A9C32&L2

If we get another 4.5 dividend and the price reaches target, we could see a return of (.56-.50) +.045= .105. That is greater than a 20% return.

**DarkHorse** · 25-02-2015, 10:59 PM

Great info thanks. Just started to seriously consider investing, and reading back through posts here is very helpful. Looking at it as a business what strikes me is its low margins - which of course may of present both a risk and an opportunity, depending on the competitive environment and the degree and direction of any competitive advantages (economies of scale? specialist know-how?) they have within it. Margins have obviously been improving. Do y'all think this is sustainable given the markets for their main products and services?
If it's a "cyclical" - and therefore we should focus on PS rather than PE - it still looks potentially cheap...

**stones** · 26-02-2015, 06:54 AM

You lot have convinced me about this company and have joined the clan

**percy** · 26-02-2015, 07:58 AM

Originally Posted by noodles

After 3 broker reports, the average target price has now moved up to 56c (from 50c)
http://www.4-traders.com/zbcache/reu...RepNo=A9C32&L2

If we get another 4.5 dividend and the price reaches target, we could see a return of (.56-.50) +.045= .105. That is greater than a 20% return.

Thanks Noodles.