That kpmg report
http://www.kpmg.com/NZ/en/IssuesAndI...wing-Value.pdf
Will somebody report back what it says, please
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That kpmg report
http://www.kpmg.com/NZ/en/IssuesAndI...wing-Value.pdf
Will somebody report back what it says, please
68 pages of glossiness - it says to me KPMG got a six figure sum....
you are welcome Winner
For FY 14 100%. But 2014 was a year of transition. Agria disposed the Vegetable business in China, significantly scaled back on the unprofitable and capital-intensive Field Corn business and focused on Edible Corn and on profitable Field Corn. Therefore Revenue in China came down and Gross Margin up. I'am betting on a turnaround for the China market in 2015.
FY14 was for AGRIA (including PGW) the first profitable year since years. Agria is trading with a P/E of 11.
Agria added a new director:
http://finance.yahoo.com/news/agria-...123000523.html
If i look to the vita, i fear a privatisation of Agria. Going private is my greatest concern in my Chinese Investment.
But the strong move yesterday can be related to the announcement of subsidies:
http://www.globaltimes.cn/content/925969.shtml
https://nzx.com/companies/PGW/announcements/265624
Looks very positive...
Why not? As long as your PGW investment is part of a "balanced portfolio."I have a spread in the agriculture sector,CVT,SCL,SEK and REL [on the unlisted market].I hold PGW mainly for yield. Any growth will be hard fought and modest.
We know the outlook for the rural sector is challenging,however Mark Dewdney did say;" We still feel PGW is well placed to trade through any weakness in the market and capitalise upon the opportunities available."
PS.I do prefer SEK and SCL. I think both have better growth prospects.
I have always considered the divvy safe for this year (with worst case a small decrease). I believe it is the outlook for the next few years which have caused the recent weakness in SP. Not that I will be selling any time soon. I think the expected yield from PGW should be calculated as an average over the economic/agriculture cycle and looking back since before the GFC I think the fundamentals still stack up, assuming problems with upper management have been sorted out.
Disc Holder
2M gone thro' at 47c, should take the pressure off on the sell side now...
Agria, the majority shareholder is approaching 2$. Gentleman, why are you fearing chinese agriculture Stocks. NZ shareholder support would not be bad.
I think NZ Investors have a good reputation in China, and can help in establishing a respectful relation to the Investor Relation departments of many chinese small Caps.
China is currently buying companies in all over the world. I don't expect more frauds, the remaining US listed chinese stocks have a solid business running.
http://www.iatp.org/files/2014_03_26...port_f_web.pdf
http://www.iatp.org/documents/the-ne...nd-its-impacts