PGW - PGG Wrightson

[winner69]

I wrote the above in 2010.



You are so right Winner. Decades of IP have been lost at the stroke of a pen, and all for a measly $439m. The sell off of seeds was mooted before Mark Dewdney came on board. Mark stopped it. Now Mark is gone 'One PGW' has become 'Two PGW', soon to be 'One much smaller PGW' that will probably be sold off to Elders. And that will end any listed presence on the NZX in this sector. The PGW 'strategiic review' has destroyed the company by selling off the family silver.

Alan Lai has finally got his way...... (not that Alan had much choice as he is in his own debt burdened straight jacket)

Shame on the NZ shareholders if they accept the break up recommendation!

SNOOPY

discl: shareholder

Isn’t losing value what happens when you fail to deliver year after year?

[Balance]

You are so right Winner. Decades of IP have been lost at the stroke of a pen, and all for a measly $439m. The sell off of seeds was mooted before Mark Dewdney came on board. Mark stopped it. Now Mark is gone 'One PGW' has become 'Two PGW', soon to be 'One much smaller PGW' that will probably be sold off to Elders. And that will end any listed presence on the NZX in this sector. The PGW 'strategiic review' has destroyed the company by selling off the family silver.

Alan Lai has finally got his way...... (not that Alan had much choice as he is in his own debt burdened straight jacket)

Shame on the NZ shareholders if they accept the break up recommendation!

SNOOPY

discl: shareholder

Don't disagree with you but why is this any different from NZ selling all of our forests and banks to foreigners?

New Zealanders WILL NEVER understand what long term investment is about - it is part of the mindset of the this nation.

Sad but true.

[Balance]

Isn’t losing value what happens when you fail to deliver year after year?

Precisely.

Time to let someone else do a better job.

Gold in the hands of a peasant is but gold. Gold in the hands of an expert jeweler becomes objects of very substantial value.

[winner69]

Precisely.

Time to let someone else do a better job.

Gold in the hands of a peasant is but gold. Gold in the hands of an expert jeweler becomes objects of very substantial value.

Hey mate, that’s fantastic

[ziggy415]

Where is the real balance...the one that posts sharp and direct posts....aliens maybe...or bali outback retreat with the snow leopard

[Snow Leopard]

...or bali outback retreat with the snow leopard

Bali is one of my least favourite parts of Indonesia, too many of the wrong sort of tourist.
I generally only change planes there.

Another big earthquake next door in Lombok yesterday.

Meanwhile at PGW it looks like 2019 NPAT is going to need some serious normalising.




Disc: in Jawa Tengah soon.

[Beagle]

One wonders what happens to the problematic under funded pension scheme if the crown jewel's are sold ?

[James108]

One wonders what happens to the problematic under funded pension scheme if the crown jewel's are sold ?

It’s no longer underfunded? Who am I kidding Alan wants maximum special div.

[percy]

So whose problem is the Swedes.?

[winner69]

So whose problem is the Swedes.?

Doubt it will the Danes

Last time the Swedes played the Danes at football the score was 0-0