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23-08-2016, 12:58 PM
#3961
Member
Thanks Agrarinvestor, really helpful. Still finding it hard to find value in Agria. Results on Friday were not impressive.
Back to PGW, will be interesting to see how the competition faired:
If only Fonterra disclosed RD1Farmsource separately in their financials, cost cutting hard (hopefully not to the detriment of shareholders!) https://store.nzfarmsource.co.nz/cam...upport-package
and Farmlands have indicated some weakness http://fieldnotes.co.nz/rural-infras...for-farmlands/
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23-08-2016, 05:58 PM
#3962
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25-08-2016, 04:48 PM
#3963
Fontera upgrades forecast payout today to $4.75 which taken in tandem with a dividend on the shares expected 50-60 cps according to some commentators should now see dairy farmers break even this year. Great news for PGW with dairy making up ~ 20% of their business.
Consensus broker valuation now 60 cps and BUY. Trades cum a fully imputed final dividend of 2 cps. Opportunity knocks at 52 cps cum divvy ?
http://www.4-traders.com/PGG-WRIGHTS...113/consensus/
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26-08-2016, 08:10 AM
#3964
Member
The milk price is currently influenced by a drop in production predominantly due to culling of the herd. Not that great for PGW having less herd but who knows, once we get in the peak production season in September, a potentially high price may encourage farmers to use PGW more and run their farms at a lower gross margin/higher volume but this will be very limited to the number of cows in their herd.
ASB thinks the milk price will be $6 for the season which is against other bank consensus in the low 5s. Maybe they are just saying that so they can justify writing some borderline rural loans lol.
65 cps is based on like a 13ish P/E with 6%ish net yield. Up to you if you think PGW is worthy of such a yield given the current headwinds in commodity prices and fierce competition.
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01-09-2016, 04:34 PM
#3965
If you want the div, then be in, by 5pm.
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01-09-2016, 05:07 PM
#3966
This divvy hound topped up on 25 August, determined for a full sized feed. Looking strong at the close
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02-09-2016, 07:04 AM
#3967
Originally Posted by Roger
This divvy hound topped up on 25 August, determined for a full sized feed. Looking strong at the close
This divvy hound sold his holding last night at 53c in order to buy more Air today, bottom line is I get 4 times more in my bank account for the same money.
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02-09-2016, 08:57 AM
#3968
Originally Posted by couta1
This divvy hound sold his holding last night at 53c in order to buy more Air today, bottom line is I get 4 times more in my bank account for the same money.
You greedy hound I can trump that though. I sold CVT at just over $10.00 a share before going ex a 2 cps divvy to buy 4.4 times as many AIR shares paying 35 cps thereby getting 4.4 x 35/2 = 77 times the bang for this hounds buck.
Last edited by Beagle; 02-09-2016 at 09:00 AM.
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02-09-2016, 09:15 AM
#3969
Originally Posted by couta1
This divvy hound sold his holding last night at 53c in order to buy more Air today, bottom line is I get 4 times more in my bank account for the same money.
would expect airnz to drop 35c when it goes ex div negating any short term benefits
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02-09-2016, 09:15 AM
#3970
Originally Posted by Roger
You greedy hound I can trump that though. I sold CVT at just over $10.00 a share before going ex a 2 cps divvy to buy 4.4 times as many AIR shares paying 35 cps thereby getting 4.4 x 35/2 = 77 times the bang for this hounds buck.
A very crafty play mate, puts things in perspective though when a top divvy payer like PGW gets trumped x4 on divvy yield, how often would that happen.
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