PGW - PGG Wrightson

[couta1]

Just wondering if Cushing still off loading his stake...got stuck in the 4.40s range for a while now.

Could be but being fairly illiquid he can't offload many at once, 4.40 was the base level it started to rise from last Oct so should hold and looking oversold to boot. Nice fully imputed divvy arriving tomorrow just 1 week after going Ex so can't complain about that, should be 18c for next one making it one of the best divvy stocks on the NZX.

[sb9]

Could be but being fairly illiquid he can't offload many at once, 4.40 was the base level it started to rise from last Oct so should hold and looking oversold to boot. Nice fully imputed divvy arriving tomorrow just 1 week after going Ex so can't complain about that, should be 18c for next one making it one of the best divvy stocks on the NZX.

Yes, this is one of best income stocks in my portfolio. Bottom drawer stock, check every now and then.

[Master98]

Yes, this is one of best income stocks in my portfolio. Bottom drawer stock, check every now and then.

exactly, bought under two bucks at first lockdown, div return is amazing, can't be happier.

[couta1]

Nice divvy in the bank already and yes its looks like Cushing still selling.

[sb9]

Nice divvy in the bank already and yes its looks like Cushing still selling.

Noticed that fat juicy divvy hit the bank a/c this morning. As per last disclosure filed in Sep last year, he still had further 1.3mln shares under his belt. Will have to wait for next notice to figure out if its him that's doing all the selling.

[winner69]

Whatsup wih PGW share price .... the post Xmas party and celebrations all over are they

Falling from 576 to 418 in 2 months is some effort --- that's nearly 30% down

52 week is 327 so still doing OK

Must be oversold at the moment

[couta1]

Whatsup wih PGW share price .... the post Xmas party and celebrations all over are they

Falling from 576 to 418 in 2 months is some effort --- that's nearly 30% down

52 week is 327 so still doing OK

Must be oversold at the moment

Yep way oversold but I think Cushing is still feeding his stake onto the market, the pattern of loading on the sell side lately indicates such (Bigger volume days he manages to offload quite a few but days like today its slim pickings) Goes to show an excellent result and outlook can't override a big fish seller in an illiquid stock.

[iceman]

Agree and am surprised how far it has fallen, but was also surprised how high it rose. But winner and couta, please just don't draw Beagle's attention to it. I can't deal with any more of his negativity and daily tantrums !

[couta1]

Agree and am surprised how far it has fallen, but was also surprised how high it rose. But winner and couta, please just don't draw Beagle's attention to it. I can't deal with any more of his negativity and daily tantrums !

Haha classic, yeah we don't need any double top and moving average nonsense over here do we.

[BlackPeter]

Mmh - I guess normally this would be a case of smart money selling, wouldn't it? ... but who knows, maybe the money is this time actually dumb? Exceptions confirm the rule and Reef-fish have limited intelligence, do they?

Trend does not look flash either - SP below MA200, but hey - the market is only right if we agree, isn't it?

Share Clarities DCF value (which is as often right or wrong as any blind dart thrower hitting the target) at $3.80;

PGW used to be one of these cylclicals - and what to do they say about leopards and their spots?


On the other hand ...

The dividend yield is beautiful as long as it stays ...

forward PE of 14 (ok-ish) but stunning in combination with a forward earnings CAGR of 12 (if it is true - remember the blind dart board thrower).

For sure - there is only one way for agriculture, and this is up, isn't it? It always was .... Oops.

Sigh ... investing is so difficult ... but given KW's famous saying I better wait for the trend to turn and reassess at that time.