PGW - PGG Wrightson

[winner69]

Super fund liability down to $16m. Good effort

I think it really nice that current shareholders front up to pay the pensioners - many who retired many years ago and many who worked for companies PGW don't even own now.

One day they should bite the bullet and wind the scheme up and just pay everybody out - ongoing liabilities won't go away in a hurry ...but they are hoping.

[winner69]

Going to make more money. That's good .....share price 70 cents next year

It's good to know that good old grit and determination will make that happen.

[Beagle]

Cash Flow Statement is what really matters

Operating cash flow down quite a lot on last year

And one could construe that that selling (unwanted) assets paid for the dividend - fair enough

A LOT...they can't keep selling the silverware indefinitely to fund the dividend. Classic case of lipstick on a ... ?

[Snow Leopard]

Actually quite a reasonable result, but underlying is not as good as last year.

As is usual with PGW you do have to read the accounts thoroughly in order to balance the pluses and minuses and get the true picture rather than cheery pick individual numbers out of the accounts.

Current fair value by the latest Tiger method is $0.541 + the dividend.

Depending upon how you like your trends they mainly look OK too.


Best Wishes & Do Your Own
Paper Tiger

[Out to lunch]

Have heard of huge supplementary feed volumes in the dairy sector given a wet peak milk season. Non-recurring so may not be a significant impact on share price.

[winner69]

Chance of La Nina this summer tripled recently

Is this good or bad for PGW

Last decent one was 2010/2011 and I don't think that was too good

[Snow Leopard]

Chance of La Nina this summer tripled recently

Is this good or bad for PGW

Last decent one was 2010/2011 and I don't think that was too good

Is La Ninja the wet one or the dry one?

I always get that and El Dorado mixed up!

Best Wishes
Paper Tiger

[Snoopy]

Chance of La Nina this summer tripled recently

Is this good or bad for PGW

Last decent one was 2010/2011 and I don't think that was too good

Is La Ninja the wet one or the dry one?

I always get that and El Dorado mixed up!

Best Wishes
Paper Tiger

The terms are Spanish and usually a noun that ends in 'a' is feminine and a noun that ends in 'o' is masculine. The odd letter, the 'n' with the thingie on top, is pronounced 'ny'.

La Niña is the girl and El Niño is the boy. It is the boy that usually causes the trouble -drought (in the NZ weather system at least). That is how I remember it.

SNOOPY

[Pipi]

Have heard of huge supplementary feed volumes in the dairy sector given a wet peak milk season. Non-recurring so may not be a significant impact on share price.

What happens in the diary sector probably won't have a huge effect on PGW, as a large percentage of dairy farmers don't use them. As far as the retail stores go, they service a lot of the sheep and beef sector and also the orchard. So the wet weather could definitely affect

[Rossimarnz]

My understanding is that El Nino leads to dry weather on the east coast of NZ and is more frequently occurring while La Nina leads to west coast dry weather and is less frequent. La Nina would increase the risk of very dry summer in areas like Waikato.