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10-06-2015, 04:48 PM
#3421
That kpmg report
http://www.kpmg.com/NZ/en/IssuesAndI...wing-Value.pdf
Will somebody report back what it says, please
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10-06-2015, 04:57 PM
#3422
68 pages of glossiness - it says to me KPMG got a six figure sum....
you are welcome Winner
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10-06-2015, 07:29 PM
#3423
Member
Agria up 7% on 10 times avg volume
For FY 14 100%. But 2014 was a year of transition. Agria disposed the Vegetable business in China, significantly scaled back on the unprofitable and capital-intensive Field Corn business and focused on Edible Corn and on profitable Field Corn. Therefore Revenue in China came down and Gross Margin up. I'am betting on a turnaround for the China market in 2015.
FY14 was for AGRIA (including PGW) the first profitable year since years. Agria is trading with a P/E of 11.
Agria added a new director:
http://finance.yahoo.com/news/agria-...123000523.html
If i look to the vita, i fear a privatisation of Agria. Going private is my greatest concern in my Chinese Investment.
But the strong move yesterday can be related to the announcement of subsidies:
http://www.globaltimes.cn/content/925969.shtml
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12-06-2015, 12:21 PM
#3424
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12-06-2015, 12:25 PM
#3425
Originally Posted by sb9
Certainly is..
Looks as though the divie is safe....
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12-06-2015, 12:31 PM
#3426
Originally Posted by percy
Certainly is..
Looks as though the divie is safe....
Very tempting to add more at this level, thoughts Percy??
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12-06-2015, 12:59 PM
#3427
Why not? As long as your PGW investment is part of a "balanced portfolio."I have a spread in the agriculture sector,CVT,SCL,SEK and REL [on the unlisted market].I hold PGW mainly for yield. Any growth will be hard fought and modest.
We know the outlook for the rural sector is challenging,however Mark Dewdney did say;" We still feel PGW is well placed to trade through any weakness in the market and capitalise upon the opportunities available."
PS.I do prefer SEK and SCL. I think both have better growth prospects.
Last edited by percy; 12-06-2015 at 01:13 PM.
Reason: added PS
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12-06-2015, 01:15 PM
#3428
I have always considered the divvy safe for this year (with worst case a small decrease). I believe it is the outlook for the next few years which have caused the recent weakness in SP. Not that I will be selling any time soon. I think the expected yield from PGW should be calculated as an average over the economic/agriculture cycle and looking back since before the GFC I think the fundamentals still stack up, assuming problems with upper management have been sorted out.
Disc Holder
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19-06-2015, 09:43 AM
#3429
2M gone thro' at 47c, should take the pressure off on the sell side now...
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25-06-2015, 02:09 AM
#3430
Member
Agria
Originally Posted by sb9
2M gone thro' at 47c, should take the pressure off on the sell side now...
Agria, the majority shareholder is approaching 2$. Gentleman, why are you fearing chinese agriculture Stocks. NZ shareholder support would not be bad.
I think NZ Investors have a good reputation in China, and can help in establishing a respectful relation to the Investor Relation departments of many chinese small Caps.
China is currently buying companies in all over the world. I don't expect more frauds, the remaining US listed chinese stocks have a solid business running.
http://www.iatp.org/files/2014_03_26...port_f_web.pdf
http://www.iatp.org/documents/the-ne...nd-its-impacts
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