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12-04-2016, 11:02 PM
#3871
Originally Posted by Roger
In the meantime I think PGW just scrapes along at the bottom of the cycle of its trading range at ~ 40 cents.
Agree..
Disc. Holder :-(((
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12-04-2016, 11:17 PM
#3872
Originally Posted by zymwh
hi, just want to know if everyone has received the dividend already? i still have not received the check yet....
Yes. Credited to my bank A/C on payment date, 5 April '16. Just got the paper about the dividend statement today though. You'll probably have yours on the mail tomorrow if are being paid by a cheque.
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12-04-2016, 11:22 PM
#3873
Member
Originally Posted by RGR367
Yes. Credited to my bank A/C on payment date, 5 April '16. Just got the paper about the dividend statement today though. You'll probably have yours on the mail tomorrow if are being paid by a cheque.
Mine came in on the 5th also. Sold them as with the dividends and a two year hold I was only break even (bought at 46 and 52). Felt that there was no real growth imminent, so sold out and into SCL for a new slice of primary industry with other 'strings'. Still would buy to hold at these prices for the dividend...it is a low for some agriculture so maybe there will upside in the future at current prices and with the current yield, it may be a return option for me once I have more cash.
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12-04-2016, 11:37 PM
#3874
Originally Posted by BeeBop
Felt that there was no real growth imminent, so sold out and into SCL for a new slice of primary industry with other 'strings'.
Ditto !!..
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13-04-2016, 05:49 AM
#3875
Member
Originally Posted by janner
Ditto !!..
Let's our assessments are correct!
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13-04-2016, 10:39 AM
#3876
Takeover bid that wasn't all over
Originally Posted by Snoopy
Agrainvestor, at the moment this is only a proposal and there is no guarantee that the independent directors will accept the proposed offer of $US1.20 per ADR as reasonable. On the face of things it looks opportunisitic. The Agria share price only dipped below $US1.20 on 12th January 2016. Remember Agria will have problems with the listing authorities in the USA if their share price is below $1 for a sustained period. So floating the possibility of a takeover offer at $1.20 is one way to stop that.
Controlling Agria Alan Lai has withdrawn his preliminary non binding intent to make an offer for all of Agria! Consequently the committee formed by PGW independent directors to consider the downstream consequences of this has been dissolved. Agrinvestor will not be forced out of Agria! But the share price of Agria is only US98c. That is below the price that the NYSE regards as acceptable in the long term. The Agria (GRO) share price has flirted with the dollar level before.
Not sure how to fix this as while PGW is profitable, the leveraged buyout vehicle Agria that holds the PGW controlling stake is not. Possibly Alan Lai could make a preliminary non binding share consolidation proposal for GRO?
SNOOPY
Last edited by Snoopy; 13-04-2016 at 10:40 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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13-04-2016, 10:44 AM
#3877
Originally Posted by Snoopy
Controlling Agria Alan Lai has withdrawn his preliminary non binding intent to make an offer for all of Agria! Consequently the committee formed by PGW independent directors to consider the downstream consequences of this has been dissolved. Agrinvestor will not be forced out of Agria! But the share price of Agria is only US98c. That is below the price that the NYSE regards as acceptable in the long term. The Agria (GRO) share price has flirted with the dollar level before.
Not sure how to fix this as while PGW is profitable, the leveraged buyout vehicle Agria that holds the PGW controlling stake is not. Possibly Alan Lai could make a preliminary non binding share consolidation proposal for GRO?
SNOOPY
Not that this is really a PGW issue, but I guess a simple share consolidation for Agria (say 1 new share for 2 or 3 existing shares) would be a very simple way to resolve the problem of the SP flirting with the ominous $1 mark ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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13-04-2016, 11:02 AM
#3878
Originally Posted by frostyboy
Can't see what properties PGW were selling in January from this link. I don't think it is any secret that PGW is structured to be 'an efficient user of equity'. Non-core assets will be put up for sale if doing so improves the overall financial strength of the company. Particularly so in this era of 'building depreciation' being disallowed as an expense.
Originally Posted by BlackPeter
Not sure whether they currently own the properties - why would they sign a lease to rent agreement with themselves - and the offers talk about existing agreements?
As well - most companies get away from owning their own premises. specialists can look after these buildings much more efficiently - and the tax position is as well much more positive if you lease your premises instead of owning them.
Remember - lease rates are fully tax deductible; Owning a building is not.
Originally Posted by Queenstfarmer
PGW acquired these properties back in June 2014. AG Property Holdings Ltd. The properties listed for sale are just a few of the entire portfolio they purchased for $30 mil.
Big advert on page C9 of the Press today. Oamaru, Gore, Fairlie, Tapanui, Kurow, Roxburgh and Tuatapere branches of PGW, all up for tender! I wonder if this big property sell down has a mirror image sale going on for PGW's North Island branches?
SNOOPY
Last edited by Snoopy; 27-05-2016 at 10:10 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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13-04-2016, 11:42 AM
#3879
seems they push hard on PGG W real estate..heard a few ad on the radio.. maybe this is a new area that could make money?
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20-04-2016, 03:02 PM
#3880
https://www.nzx.com/companies/PGW/announcements/281125
Flooding in Uruguay, they might hit lower part of forecast now
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