Agria consolidates PGG Wrightson's results and then backs out the non-controlling por
In terms of your questions on, PGG Wrightson, Agria consolidates PGG Wrightson's results and then backs out the non-controlling portion. A declining share price does not impact such treatment on the income statement nor would it on the balance sheet. It would impact the valuation if there was some type of liquidity event. It would also impact the share valuation of Agria as investors tend to look for arbitrage opportunities buying shares of Agria if the underlying PGG asset is worth more than the implied value of shares of Agria. The investment by Agria and partnership with PGG has been and remains mutually beneficial, positive and productive. As the markets improve, we are confident the company will be more properly valued.
thats what IR told me a few month ago
cattle price remains firm
Has PGC sold all ists shares ? What are with the directors like Bruce Irvine , does he have to step back ?
What is the impact of price development for livestock like cattles. Is it good for PGWs shareprice ?
http://www.nzfarmersweekly.co.nz/article/9392.html
conference call and US drought
I have read that there is an audio conference available. Will they capture the conference ?
https://www.nzx.com/companies/PGW/announcements/225317
Is there an Impact of US drought for PGWs earnings ?
Disentangling Agria/PGW for FY2011
Quote:
Originally Posted by
kiwi_on_OE
PGW is a subsidiary of Agria, so PGW's debt should be consolidated into Agria's balance sheet.
Time to try and disentangle the PGW debt from the underlying Agria debt.
From the PGW FY2011 Balance sheet:
PGW Total Liabilities: $NZ844.685m
PGW Total Equity: $NZ604.341m
PGW Total L & E: $1,449.026m
Convert that to USD using $NZ1= US81.73c
PGW Total Liabilities: $US690.36m
PGW Total Equity: $US493.92m
PGW Total L & E: $US1,184.29m
Reduce value to allow for Agria owning 50.22% of shares as at 30th June 2011
Agria PGW Liabilities: $US346.69m
Agria PGW Equity: $US248.05m
Agria PGW L & E: $US594.75m
Now we go to the Agria Balance Sheet for the same 30th June 2011 date, which includes the 50.22% share of PGW as a consolidated entity.
Agria Liabilities: $US831.1m
Agria Equity: $US412.3m
Agria L & E: $US1243.4m
Now use subtraction to look at the underlying Agria balance sheet.
Underlying Agria Liabilities: $US484.4m
Underlying Agria Equity: $US164.2m
Underlying Agria L & E: $US648.6m
That means the underlying Agria itself has an equity ratio of:
$US164.2m /$US648.6m= 25.3%
SNOOPY
Can someone who is aregistered shareholder, ask for a copy of the register of shareho
Quote:
Originally Posted by
snapiti
wow snoopy you really get into it.
It sounds like you purely back a racehorse on its form.
I am more of a gambler and have become very good at recognising opportunities based on sentiment, charts and the old fair and greed thoery.
I think I am on the right pony this time, time well tell, 40 cps up ahead and just around a couple of cnrs
Hi,
Can someone who is aregistered shareholder, ask for a copy of the register of shareholders ?
enquiry@computershare.co.nz
It could be of interest if we see some neverheard funds and trusts collecting shares. I am sure that Agria has very good reasons why they bought 50,2% of PGW.
The often stressed problem that Agria has difficulties to raise money can turn into a big surprise.
Mr. Lai Guanglin, was appointed as a director and the Chairman of the board of the directors of the Company in February 2009. The Company is a leading provider to the construction sector offering a wide range of pipe related products, services and solutions to the constructors, designers, consultants and government agencies in Hong Kong and Macau. Mr. Lai’s wholly owned investment vehicle, Singapore Zhongxin Investment Company Limited, is the majority shareholder of the Company. Mr. Lai is the founder and the Chairman of the board of directors of Agria Corporation which is listed on the New York Stock Exchange. Agria Corporation is primarily engaged in research and development, production and sale of crop seeds to the agricultural sector in Australia, New Zealand, China and South America and the provision of rural services to the farmers in New Zealand and South America. Agria Corporation operates the Southern Hemisphere’s largest forage seed business in New Zealand. The activities in forage seeds and rural services are carried out by PGG Wrightson Limited which is a subsidiary of Agria Corporation. PGG Wrightson is a company listed on the New Zealand Stock Exchange. Mr. Lai’s wholly owned investment vehicle, Brothers Capital Limited, is its largest shareholder.
Mr. Lai has extensive experience in investments, acquisitions and operation management. Mr. Lai has established many other enterprises in China, Hong Kong and internationally, in particular, animation, logistics and transportation, pharmaceutical sectors, etc. He takes a leading role in respect of strategic planning and business development in his investment portfolio.
Mr. Lai is also the deputy Chairman of Chamber of Commerce in Shenzhen, China.
Mr. Lai holds a bachelor’s degree in accounting from Monash University, Melbourne, Australia and is a certified public accountant in Australia.
In December 2009, Mr. Lai was appointed as a director of PGG Wrightson Limited which is a company listed on the New Zealand Stock Exchange.
Mr. Lai is the elder brother of Mr. Lai Fulin, an Executive Director of the Company. Mr. Lai is the sole director of Singapore Zhongxin Investment Company Limited, a substantial shareholder of the Company which has an interest in the shares of the Company that is required to be disclosed under Part XV of the Securities and Futures Ordinance.