Does any one have any idea who is buying and selling 10 million shares?
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Does any one have any idea who is buying and selling 10 million shares?
That was the Silver Ferns Farms shares which were brought by AMP from memory. But since then there has been a 9 for 8 share issue and a lot of movement in the ownership of PGW.
Was wondering if perhaps Dr Who had had a change of heart re PGW and decided to buy a few?
mory?
It appears that PGW is exposed to around 8 million for the Crafar farm situation. Not too bad.
it is taking a bit longer than I thought for the shareprice to get some gains. looking like will have to wait until septempber
PGW is going through some pain the Aussie farmers went through last year and early this year. DROUGHT! Also NZS is a problem child for PGW. NZS has to sell down their farms just to pay their fees. How long can this go on, no one knows. NZ rural sector is also struggling with the lack of cash. Farmers cant even sell their farms.
There will come a time I will buy PGW. The timing is yet a guess at this stage.
Fair summary Doc, I don't know much about farming but at some stage you'd expect farmers to have to re-sow a lot of their drought ravaged pastures and bring the livestock levels back. I suppose that involves borrowing from the banks, and buying off PGW and RD1.
ok whats up???
Maybe a reaction to the fact that international dairy supplies are tight at the moment and a big jump in dairy prices is on the cards at the next Fonterra auction. They have already taken 5000 tons off the table.
Dr Who,Is that you buying today?
I'd say Norgate. Who else needs to sell? And has that many shares to offload? But the question is...who's buying? Agria need shareholder approval to take their stake above 20% or else they launch into the takeovers code.
Does anyone know whether Agria can buy Norgates share and apply for shareholder approval afterwards? I thought the order would be the other way...but this would kind of explain it.