PGW - PGG Wrightson

[BlackPeter]

Yes - one of those relief announcements and seen as 'good news' because it wasn't 'really bad news'

Quite happy with the update ... and a big "Thank You" to whoever sold me yesterday some more at 38.5 cents . Agree with Roger that PGW SP is unlikely to shoot for the stars anytime soon, but if you can get the shares below 40 cents, than the dividend yield is not too shabby - and hey, I think it is a good way to invest into New Zealand's largest industry sector with some "build-in" diversification.

[winner69]

Came across a term today - the happiness of lower expectations

Seems appropriate here

Must have another look through my behavioural finance library

[babymonster]

41.5c is about to be taken out... fingers corssed

[kura]

To me it is weird that has been tightly range bound (between 38.......41 ) for longer than my dim brain cells can recall.

[babymonster]

wow... 42c is gone... this one is finally moving... oopss.. for only a very brief monent

[babymonster]

wow... 42c is gone... this one is finally moving... oopss.. for only a very brief monent

I wasn't expecting 43c early today. What a nice little run. Big volume too

[BlackPeter]

Wow - 1.5 million already through this morning at 43 cents .. and much more buyers than sellers! Looks like somebody wants in.

[percy]

Wow - 1.5 million already through this morning at 43 cents .. and much more buyers than sellers! Looks like somebody wants in.

Looking very strong.
Surprised me how well they are doing with floods in Uruguay and NZ dairy exposure.
Confirms it is a very well run solid business.

[babymonster]

now it's at 44c and more sellers are emerged.. i would be happy with 44c close...

[BlackPeter]

I reccon markets are just positioning for another juicy dividend payment towards the end of next month ... We obviously don't know yet how much it will be exactly, but after the more recent profit updates would I expect 2 cents as a minimum. Hmmmm - nice!