Agree..
Disc. Holder :-(((
Printable View
Mine came in on the 5th also. Sold them as with the dividends and a two year hold I was only break even (bought at 46 and 52). Felt that there was no real growth imminent, so sold out and into SCL for a new slice of primary industry with other 'strings'. Still would buy to hold at these prices for the dividend...it is a low for some agriculture so maybe there will upside in the future at current prices and with the current yield, it may be a return option for me once I have more cash.
Controlling Agria Alan Lai has withdrawn his preliminary non binding intent to make an offer for all of Agria! Consequently the committee formed by PGW independent directors to consider the downstream consequences of this has been dissolved. Agrinvestor will not be forced out of Agria! But the share price of Agria is only US98c. That is below the price that the NYSE regards as acceptable in the long term. The Agria (GRO) share price has flirted with the dollar level before.
Not sure how to fix this as while PGW is profitable, the leveraged buyout vehicle Agria that holds the PGW controlling stake is not. Possibly Alan Lai could make a preliminary non binding share consolidation proposal for GRO?
SNOOPY
Can't see what properties PGW were selling in January from this link. I don't think it is any secret that PGW is structured to be 'an efficient user of equity'. Non-core assets will be put up for sale if doing so improves the overall financial strength of the company. Particularly so in this era of 'building depreciation' being disallowed as an expense.
Big advert on page C9 of the Press today. Oamaru, Gore, Fairlie, Tapanui, Kurow, Roxburgh and Tuatapere branches of PGW, all up for tender! I wonder if this big property sell down has a mirror image sale going on for PGW's North Island branches?
SNOOPY
seems they push hard on PGG W real estate..heard a few ad on the radio.. maybe this is a new area that could make money?
https://www.nzx.com/companies/PGW/announcements/281125
Flooding in Uruguay, they might hit lower part of forecast now