A good positive update, confirming that things are moving in the right direction.
Purchased at 41 cents today.
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A good positive update, confirming that things are moving in the right direction.
Purchased at 41 cents today.
Typical really. I watch for ages, read up a lot, see it survive the first negative dairy shock quite well and finally commit at 41 just in time for the second shock dairy price drop. So far I have made a small fortune on the share market, albeit from a larger one.....
Buying opportunity when dairy prices head up again ? Trading cum a circa 2 cps fully imputed final dividend :)
Keith Woodford has penned a few interesting articles lately about PGW and Farmlands
He a good guy that Keith
Worthwhile reading both
http://keithwoodford.wordpress.com/2...htson-heading/
http://keithwoodford.wordpress.com/2...vices-company/
Keith's piece on PGW is an interesting historical oversight, but I am not sure that he has done justice to Mark Dewdney's current leadership. This is to expand organically with bolt on acquisitions into related areas like irrigation and avoid the past distractions of grand expansions. The fact that there is no obvious money to be made in China will have no effect on the growing business plans in South America. It is positive cashflow that Alan Lai is focused on and that is very good for small shareholders as well.
Pre the Farmlands /CRT merger the PGW retail stores were twice as profitable as the equivalent co-operative stores IIRC. Poor farmers may be better using the co-operatives. But rich farmers can buy PGW shares and enjoy a return far greater than any co-operative rebate.
Farmers have no reason to wish for the demise of PGW at the expense of co-operatives. For farmers all competition in the sector that supplies them is good.
SNOOPY
Difference between 'overviews' and reading what you want to read only of course makes the PGW announcement more relevant (to you) eh Percy
Woodford did feel PGW that seeds as a standalone business (floating it off?) would be a beneficial proposition for shareholders. What you feel about that?
Good to see PGW making a bit more money this year. But they do don't make much do they.