PGW - PGG Wrightson

[tim23]

Bought some more PGG this week, happy at approx. 10% net yield - market seems not to trust PGG yet but I reckon deserves to be priced better, anyway will look to top up again if remain at this level.

[see weed]

Bought some more PGG this week, happy at approx. 10% net yield - market seems not to trust PGG yet but I reckon deserves to be priced better, anyway will look to top up again if remain at this level.

Leave some for me. Just waiting to see what happens with atm.

[Agrarinvestor]

Agria Subsidiary PGG Wrightson Announces Acquisition

http://finance.yahoo.com/news/agria-...123000455.html

[Snoopy]

Agria Subsidiary PGG Wrightson Announces Acquisition

http://finance.yahoo.com/news/agria-...123000455.html

Announced by PGW itself at 10am yesterday. The aquisition of a turf irrigation business "Advanced Irrigation Limited", which plugs into the golf course market looks good. Especially as per capita NZ has rather a lot of golf courses! The acquisition is small, but is indicative of Mark Dewdney's strategy of further strengthening the irrigation are of the business. Looks good to me.

Meanwhile the stock supply agreement with Silver Fern farms that caused all sorts of write offs a few years ago has been terminated.

------

"that agreement was entered into at a different time and it was agreed that
it was no longer needed to regulate the livestock procurement relationship.
PGW has supplied agency procurement for SFF for many years and both parties
are confident that that this relationship will continue to develop and
strengthen without the formality of a prescriptive agreement."

"We have often found that the agreement was not flexible enough to respond to
seasonal and climatic changes that regularly occur in the livestock business.
We feel that the maturity of the relationship we have with SFF means that we
are both better off to focus our efforts on working together to deliver an
agency service that best accommodates our farmer customers and SFF
collectively."

-----

Good riddence to that!

SNOOPY

[iceman]

Not a good look http://www.stuff.co.nz/business/farm...rce-commission

[winner69]

Not a good look http://www.stuff.co.nz/business/farm...rce-commission

We need to do the we not guilty trick but front up with best part of a million settlement and promise processes in place to stop ripping of our customers.

[PLYNCH]

R.I.P. Craig Norgate

[BlackPeter]

R.I.P. Craig Norgate

Yes - nobody deserves to die that early and certainly a tragedy for the family.

Just hope that nobody starts now talking about his business acumen - too often shareholders had to pay for his mistakes.

Yes - he had interesting ideas, and certainly charisma and vision, but he was not that great in managing anything - be it companies or risk. Here is a good article about him: http://www.nzherald.co.nz/business/n...ectid=10643472

[winner69]

Yes - nobody deserves to die that early and certainly a tragedy for the family.

Just hope that nobody starts now talking about his business acumen - too often shareholders had to pay for his mistakes.

Fonterra and PGG Wrightsons wouldn't be what they're today if it wasn't for Norgate (some say visionary)

BP, as you say shareholders might think other things.

[winner69]

Yes - nobody deserves to die that early and certainly a tragedy for the family.

Just hope that nobody starts now talking about his business acumen - too often shareholders had to pay for his mistakes.

Yes - he had interesting ideas, and certainly charisma and vision, but he was not that great in managing anything - be it companies or risk. Here is a good article about him: http://www.nzherald.co.nz/business/n...ectid=10643472

Good article there BP