This is very thinly traded. Whoever has been selling down probably took a breather.
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This is very thinly traded. Whoever has been selling down probably took a breather.
Ouch! for PGG
"Farm sales have declined 43% over the last two years"
https://www.interest.co.nz/property/...y+29+June+2024
My feeling is that farming has its debt under control. Kiwifruit is doing its thing so I haven't heard people moaning too much. And the local Farmlands and Fruitfed carparks are starting to look more lively.
It's another story though in my other world (Auckland Remuera). The mums are starting to get a bit emotional over the financial stresses around mortgages and school fees etc. And hear about people losing their jobs.
The sp has been over sold, but that goes for many NZX companies.