PGW - PGG Wrightson

[winner69]

Say EBITDA going to be $56m

Allowing for the $2m impact of change in accounting guidance in line with what they said previously

https://announcements.nzx.com/detail/375948

[Balance]

Say EBITDA going to be $56m

Allowing for the $2m impact of change in accounting guidance in line with what they said previously

https://announcements.nzx.com/detail/375948

Market consensus by the few analysts covering the stock was $46m. Shows how far out of touch the market is with this stock.

Looking forward to yet another nice dividend comes Sept.

Meanwhile, the agribusiness sector is on very good heart when it comes to farm profitability, protests against government interference notwithstanding.

[winner69]

in the Herald this morning

Analysts at Forsyth Bar expect seven companies to make a loss: Auckland Airport, Air New Zealand and Tourism Holdings as well as A2 Milk, Refining NZ, PGG Wrightson and Synlait Milk.

Can't be right .....can it

https://www.nzherald.co.nz/business/...YOK5EE5BJ2ZPY/

[mondograss]

Seems unlikely given the announcement only a couple of weeks ago.

[JohnnyTheHorse]

in the Herald this morning

Analysts at Forsyth Bar expect seven companies to make a loss: Auckland Airport, Air New Zealand and Tourism Holdings as well as A2 Milk, Refining NZ, PGG Wrightson and Synlait Milk.

Can't be right .....can it

https://www.nzherald.co.nz/business/...YOK5EE5BJ2ZPY/

Jeez not a list of companies you want to be associated with eh? Defamation...

[Balance]

in the Herald this morning

Analysts at Forsyth Bar expect seven companies to make a loss: Auckland Airport, Air New Zealand and Tourism Holdings as well as A2 Milk, Refining NZ, PGG Wrightson and Synlait Milk.

Can't be right .....can it

https://www.nzherald.co.nz/business/...YOK5EE5BJ2ZPY/

From the broking firm which brought to the NZX:

Credit Sails, Intueri, CBL, Feltex, Wynyard but to name 5,

Forsyth ‘catch flies with honey’ Barr must be right.

[Snow Leopard]

in the Herald this morning

Analysts at Forsyth Bar expect seven companies to make a loss: Auckland Airport, Air New Zealand and Tourism Holdings as well as A2 Milk, Refining NZ, PGG Wrightson and Synlait Milk.

Can't be right .....can it

https://www.nzherald.co.nz/business/...YOK5EE5BJ2ZPY/

I expect them to make a loss for the second half taking the HY $18m NPAT down to $16m at FY.

[mike2020]

I expect them to make a loss for the second half taking the HY $18m NPAT down to $16m at FY.

Hi, do you mind if I ask why? I can't think of a division that won't be doing well, what am I missing?

[Balance]

Hi, do you mind if I ask why? I can't think of a division that won't be doing well, what am I missing?

I expect them to make a loss for the second half taking the HY $18m NPAT down to $16m at FY.

Half year results to 31 Dec 2020 :

 Operating EBITDA** of $42.1 million (up $7.4 million or 21%)
 Net Profit after Tax (“NPAT”) of $18.0 million (up 41%)

Guidance provided on 21 July :

 Wrightson Limited* (PGW) today announced that following strong trading over the second half of the fiscal year it expects its full year to 30 June 2021 Operating EBITDA** to be around $56 million.

So Snow Leopard is expecting an EBITDA of $13.9m in the second half to produce a loss of $2m NPAT?

Let's wait for his reply - will be very insightful!

[Snow Leopard]

From that 2H EBITDA of $14m subtract the DA & the I and see what you get, add back a little T

My working were based on 2020FY & 2021HY accounts and the then forecast $57m.

Would be more than happy to be proved overly negative.