Originally Posted by
rabcat
Agree that PGW have made a lot of mistakes in recent times and they need some changes at board level.
But what does it matter about Agria? As far as i understand the Agria money $37m is in this country.
The bottom line is PGW need to raise $200m so PGW need another $160m from their rights issue?
PGW are not buying Agria, it is Agria that is buying into PGW.
Remember PGW has over a billion in assets and is trading at a market value of less than $200m ! They also made a good operating profit in the last 12 months. The overall loss was related to those bad decisions by the board on SFF and right downs on NZ farming systems.