PGW - PGG Wrightson

[winner69]

That kpmg report

http://www.kpmg.com/NZ/en/IssuesAndI...wing-Value.pdf


Will somebody report back what it says, please

[Crackity]

68 pages of glossiness - it says to me KPMG got a six figure sum....

you are welcome Winner

[Agrarinvestor]

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

[sb9]

https://nzx.com/companies/PGW/announcements/265624

Looks very positive...

[percy]

https://nzx.com/companies/PGW/announcements/265624

Looks very positive...

Certainly is..
Looks as though the divie is safe....

[sb9]

Certainly is..
Looks as though the divie is safe....

Very tempting to add more at this level, thoughts Percy??

[percy]

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.

[James108]

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

[sb9]

2M gone thro' at 47c, should take the pressure off on the sell side now...

[Agrarinvestor]

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