PGW - PGG Wrightson

[winner69]

Sign of things to come for PGW?

Livestock Improvement first-half profit drops 46% as farmers spend less
http://www.sharechat.co.nz/article/3...pend-less.html

[percy]

Sign of things to come for PGW?

Livestock Improvement first-half profit drops 46% as farmers spend less
http://www.sharechat.co.nz/article/3...pend-less.html

$23mil turnaround in cashflow is not good.In fact not very good at all.!!
Can't see PGW being able to extend the same sort of terms to their customers.
We live in interesting times?!

[BlackPeter]

Sign of things to come for PGW?

Livestock Improvement first-half profit drops 46% as farmers spend less
http://www.sharechat.co.nz/article/3...pend-less.html

sure, however ...

maybe too early to become depressed ... the rural news this morning (RNZ) have been actually quite upbeat:
http://www.radionz.co.nz/national/pr...-february-2016
(talking about fruit, honey, wool) and I remember as well a recent report (as well RNZ, but don't remember the date)
stating that farmers (I think that report was referring to South Island) are actually quite busy investing ...

[Beagle]

Credible result given the very strong headwinds in the dairy industry. Outlook looks okay to me too. Performing well considering...

[babymonster]

The market still feels a bit disappointed and uncertaint about the future. I guess that's why sp fell.

[see weed]

The market still feels a bit disappointed and uncertaint about the future. I guess that's why sp fell.

That was my fault. Sold a very small portion at 4.55pm, but someone else jumped in at 4.59pm to sell some and pushed my order to 0.405c.

[Beagle]

That was my fault. Sold a very small portion at 4.55pm, but someone else jumped in at 4.59pm to sell some and pushed my order to 0.405c.

Why are you selling mate ? I would have thought all the bad news is fully priced in at 40.5 - 41 cents trading cum a 1.75 cent dividend ? I'm thinking of buying there to be honest. Maybe we could do an off market deal and save the brokerage, you go walking in the Waitakere ranges and drink coffee at Titirangi...so do I

[see weed]

Why are you selling mate ? I would have thought all the bad news is fully priced in at 40.5 - 41 cents trading cum a 1.75 cent dividend ? I'm thinking of buying there to be honest. Maybe we could do an off market deal and save the brokerage, you go walking in the Waitakere ranges and drink coffee at Titirangi...so do I

Not to worry, still have over 400ks. But am getting divs for brm, mln and 4c div for ttk in the next 3 weeks.ps Don't drink coffee any more. Some good walks at Titi and Piha.

[Snoopy]

Why are you selling mate ? I would have thought all the bad news is fully priced in at 40.5 - 41 cents trading cum a 1.75 cent dividend ? I'm thinking of buying there to be honest. Maybe we could do an off market deal and save the brokerage, you go walking in the Waitakere ranges and drink coffee at Titirangi...so do I

Not so sure all the bad news is priced in for the business cycle yet. If dairy's recovery is being pushed out over the visible horizon, and beef and horticulture start to come down from their highs, then what will that do to the forward outlook for PGW? I was hoping for some -significant- share price weakness after the result that would allow me to top up cheaply. But it didn't really happen. So good work from 'the Dewd' and his crew.

Of course if PGW continues to perform in this low interest rate environment, the market may rerate the share upwards to bring down the yield, even as profits are static or slightly falling. In that case my top up strategy will fail. But since I regard myself as 'neutrally weighted' with my PGW holding this will be OK. I will simply have to 'put up' with the shares that I already have :-)

SNOOPY

[Beagle]

So many if's, but's and maybe's in the N.Z. economy at the moment isn't there ! Bottom line for me is they're doing pretty well considering a whopping 24% of their customers are really suffering very badly. Good dividend yield stock and with interest rates set to plumb 70 year lows this year I think it's well supported around the current SP.