PGW - PGG Wrightson

[James108]

Will probably look to buy if it gets down to 37-38.

[couta1]

Yes, it's in a fairly decent downtrend at the moment unfortunately. No use fighting that. However, for future reference, I can assure you, each and every one of the sellers is wrong.

Great minds think alike, I was just thinking the same about those selling Air but hey sellers are always wrong unless it's us but then we might be wrong also, confused, don't be

[Joshuatree]

"Sellers are always wrong if you are buying" JT 2008

not buying atpit so sellers are right

[nextbigthing]

Pre-tax profits for an average sheep and beef farm in New Zealand will increase to $109,900 this season - 9.6 per cent more than last season, but 3.1 per cent below the five-year average, Beef and Lamb New Zealand says in its 2016/6 season outlook.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11511075

[Beagle]

Three increases in the dairy price and the stock is still very close to the bottom. Good value ? you be the judge but for what its worth I bought some more at 40 cents this morning.

[see weed]

Three increases in the dairy price and the stock is still very close to the bottom. Good value ? you be the judge but for what its worth I bought some more at 40 cents this morning.

I was gonna buy those, you beat me to it. Got some at .405c later on. Took half a day for order to go through. Just another gamble.

[Crackity]

I was gonna buy those, you beat me to it. Got some at .405c later on. Took half a day for order to go through. Just another gamble.

40 cents with a 4 cent a year dividend doesn't look like much of a gamble to me. Looks more like a winning hand

[Grimy]

I topped up my (small) holding at .395 last week. One of my first share purchases was Wrightson's 20 years ago. I've been in and out a bit, but overall it's been a good company(ies) return-wise.

[Lewylewylewy]

Does PGW have much of a financial pot to get them through hard times, does anyone know?

I think I read somewhere that they pretty much deliver all their profit in dividends.

[Jantar]

Does PGW have much of a financial pot to get them through hard times, does anyone know?

I think I read somewhere that they pretty much deliver all their profit in dividends.

According to their annual report, their NPAT was $32.8M. They also had some one off income that gave them a total profit for the year of Close to $39.9. The divi at $0.04 is $30.2M So just on NPAT they would have $2.6M spare, but in total they would have $9.7 M in reserve.