I'm happy at 50c. Lets hope that flock of cows come home to roost next week or will be up sh.t creek without a piddle. up to my waist in PGW and ATM:D.
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PGW report tomorrow, last time they reported many weren't happy with how the accounts were presented (I'm not an accountant so pardon the lingo) I even saw a Herald article about this saying the muted response in the SP was due to accounting irregularities (nothing fraudulent). The CFO left afterwards in September (I never saw this mentioned here which suprised me). The share price has increased to .51c today (inside trading I hope) and I'm wondering are we in for a nice surprise tomorrow? Good result, good accounting, great divi!
A cracker result.
The business is now really starting to make the most of the opportunities that are coming their way.
Investment in staff,technology,premises and systems starting to show through.
The 2 cent fully imputated divie is the icing on the increasing sp cake.!!!
Well done PGW.
Good aye. Notice buyers building up. What you think 52 to 53c today?
For PGW I always go to the 'segmented' results to see how things are progressing. Of note is the livestock turnover, up to $41.454m compared to $29.494m for the comparable prior period. Operating EBITDA has not unexpectedly grown from $1.026m to $3.358m over the same period. The 'Dewd' commented:
"Livestock improved Operating EBITDA by $2.3m. Livestock tallies were broadly in line with the prior corresponding period but prices were higher in cattle and sheep, resulting in higher commission income and earnings."
So no higher throughput of animals which was a bit of a surprise. Could farmers just be sending excess stock straight to the works? Could that jepordise PGWs Livestock earnings in the second half, should the drought continue?
SNOOPY