9m sold today SFF or RPI or ?? Either way, weaker holders happy to quit at a reasonable price, and new comers happy to come in at a reasonable price. WIN WIN for big fish. lose lose for recent sellers...
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9m sold today SFF or RPI or ?? Either way, weaker holders happy to quit at a reasonable price, and new comers happy to come in at a reasonable price. WIN WIN for big fish. lose lose for recent sellers...
Rights may be priced around 50c now at 1:2
Cheers Dr Who
This should get some of the punters thinking twice about PGW?
http://www.stuff.co.nz/business/2975...der-fire-in-US
Many a twist and turn to come yet.
Bloody uninformed press ... its all speculation
PGG must be getting sick and tired with this continual beat up by the press ..... totally unwarranted .... I wonder ehy they continue
Anyway -
http://www.nbr.co.nz/article/pgg-wri...t-agria-113613
Any idea what was behind the sudden price drop today? I realise the nzx50 was down but why PGW singled out for extra punishment?
Possibly a few bailouts when PGC came out and denied press reports that they have said they will put more money into PGW. Don't know why they bothered, but I guess it covers those people who believe everything they read from columnists in the paper.
NZX Announcement relating to The Press and Dominion Post Articles
In the articles entitled “Still unclear if Agria will stump up with more cash” and “Unclear if Agria
will stump up with more cash” published in Wednesday, 21 October 2009 editions of The Press
and Dominion Post, respectively, it was reported that Pyne Gould Corporation Limited (PGC)
has indicated it will put more money into PGG Wrightson Limited through a proposed PGG
Wrightson Limited rights issue. This statement is not correct.
No decision has been made by the Board of PGC as to whether the Company will participate
in any capital raising to be made by PGG Wrightson Limited. No details of a proposed PGG
Wrightson Limited capital raising have been released and the Board does not have sufficient
information to make that decision. Any decision for PGC to participate (either fully or partially)
or not to participate in any capital raising by PGG Wrightson can only be taken once the full
details of any proposed capital raising by PGG Wrightson Limited are known, and then, any
decision will only be taken in the best interests of PGC.
Colin Hair
Company Secretary
10789031
I still think PGC will contribute something to a rights issue, unless they do some other deal involving Wrightson finance.
Article in the ODT speculating on a 2 for 3 at 50c.
Nice to see a higher than expected uptake of PGC rights. Bookbuild to come.
Still a bit of dust in the air.
Xenophobia perhaps?? I seriously doubt Kerr and Co will like this arrangement with Agria .. they are too 'old school' .... even if it has helped their SP short term. So perhaps they have written off PGW??
M