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25-05-2017, 07:46 AM
#4091
 Originally Posted by Bob
Big volumes in market depth today Buy 700,000 approx at 59, sell 700,000 approx at 60
Yes, I saw that too. Sellers are lining up but the buyers are already there for top $. Which side will turn out to have made the correct move ?, Time will tell.
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01-06-2017, 03:03 PM
#4092
 Slow, but relentless
Touching $0.61 I notice
Best Wishes
Paper Tiger
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02-06-2017, 04:38 PM
#4093
Member
Anyone read the First NZ Capital Securities Ltd – monthly outlook?
If you missed out. It's a 36 page analysis on the NZ/AUS sharemarket and the global economy by one of NZ biggest brokering firms.
They interviewed the CEO of PGW. These are the key takeaways (their key take-away's not mine)
Key take-aways
+
Mark has been moulded
by a variety of influences.
+
PGW’s key strength is
people – employees and
customers.
+
Technology is creating
risks and opportunities.
(my take-away)
Who ever produced this booklet should be shot
Last edited by nzspeak; 02-06-2017 at 04:42 PM.
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02-06-2017, 04:49 PM
#4094
Originally Posted by nzspeak
Anyone read the First NZ Capital Securities Ltd – monthly outlook?
If you missed out. It's a 36 page analysis on the NZ/AUS sharemarket and the global economy by one of NZ biggest brokering firms.
They interviewed the CEO of PGW. These are the key takeaways (their key take-away's not mine)
Key take-aways
+
Mark has been moulded
by a variety of influences.
+
PGW’s key strength is
people – employees and
customers.
+
Technology is creating
risks and opportunities.
(my take-away)
Who ever produced this booklet should be shot
You make a compelling case for reading the document ... but cheers for sacrificing yourself on our behalf  !
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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02-06-2017, 05:37 PM
#4095
Member
Is now a good time to get in on it? $0.61 is nice ramp in. Also call me dumb but is it NZX PGG or NZX PGW?? What's in a name?
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02-06-2017, 08:13 PM
#4096
Junior Member
Originally Posted by Blackrose
Is now a good time to get in on it? $0.61 is nice ramp in. Also call me dumb but is it NZX PGG or NZX PGW?? What's in a name?
NZX PGW
Always a good time to get in to PGW if you're in for the long term (high dividends) ... I wouldn't invest at 61c for capital gains though ... it ain't exactly a growth stock.
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03-06-2017, 12:08 AM
#4097
Junior Member
Originally Posted by hogiela
NZX PGW
Always a good time to get in to PGW if you're in for the long term (high dividends) ... I wouldn't invest at 61c for capital gains though ... it ain't exactly a growth stock.
It has grown very nicely in the last 12 months - is trading within its usual 10 to 13x earnings. Dewdney may yet be becoming a very astute CEO of a diverse and complex business. Having said that, not sure how it can get to 80c+ in the short term.
Disc. Holding
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03-06-2017, 01:44 PM
#4098
Originally Posted by Pmdv77
It has grown very nicely in the last 12 months - is trading within its usual 10 to 13x earnings. Dewdney may yet be becoming a very astute CEO of a diverse and complex business. Having said that, not sure how it can get to 80c+ in the short term.
Disc. Holding
Agree that 'The Dewd' is an astute CEO. My take is that the rise in share price has been because of the excellent growing conditions in NZ in any commodity you care to name. And Uruguay not have an extreme climate event growing season this year. The situation is the controlling shareholder, Agria, needs to suck all the cash they can out of PGW to service their debts. The good thing about this is that PGW have to be very careful with their deployment of their cash. The bad thing is that, long term, such a policy makes growth for PGW impossible.
PGW will remain a cyclical. And right now we are riding the 'up cycle'. I would dispute that a PE of 10-13 is 'normal' for PGW. Trading above a PE of 10 makes the price look high to me. But in these days of very low interest rates, a solid dividend yield can influence the share price. My take is that PGW is now near the top of its expected price range. The problem is, if you sold, and wanted to maintain your dividend income, where do you put the money? This is the reason that I haven't sold.
SNOOPY
discl: PGW shareholder, average entry price 42c
Last edited by Snoopy; 03-06-2017 at 01:51 PM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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06-06-2017, 07:29 PM
#4099
Member
Originally Posted by nzspeak
Anyone read the First NZ Capital Securities Ltd monthly outlook?
If you missed out. It's a 36 page analysis on the NZ/AUS sharemarket and the global economy by one of NZ biggest brokering firms.
They interviewed the CEO of PGW. These are the key takeaways (their key take-away's not mine)
Key take-aways
+
Mark has been moulded
by a variety of influences.
+
PGWs key strength is
people employees and
customers.
+
Technology is creating
risks and opportunities.
(my take-away)
Who ever produced this booklet should be shot
Can anyone help me on how to get this report?
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13-06-2017, 04:17 PM
#4100
Well, well - 'The Dewd' is on his way out
New CEO next year
At the top of every bubble, everyone is convinced it's not yet a bubble.
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