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Agria Corporation Message Board

kcajsnikrep 3 posts  |  Last Activity: Jul 30, 2015 3:58 PM Member since: Feb 6, 2009
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  • Reply to

    excitement

    by kcajsnikrep Jul 21, 2015 1:21 AM
    kcajsnikrep kcajsnikrep Jul 30, 2015 3:58 PM Flag

    good point

  • Reply to

    excitement

    by kcajsnikrep Jul 21, 2015 1:21 AM
    kcajsnikrep kcajsnikrep Jul 30, 2015 1:15 PM Flag

    That was a tough one but I suppose they are aligning their business models and there was no room for Sheep production. They are very focused on forage seeds, services and irrigation. I like the PGW acquisition and I like the conservative nature of PGW. I like the possibility of more synergy between PGW and China, not to mention Australia and South America. This is a very long term bet for me, more long term than I hoped for :-)

  • kcajsnikrep by kcajsnikrep Jul 21, 2015 1:21 AM Flag

    I was getting excited when gro hit +1.80. Then pffffft back to the drawing board.
    At least it's above $1, they do seem committed to keeping it listed.
    I like PGG Wrightson and I like Agria's governance, I like that Agria doesn't hype.
    I like they deleted 90% of their Goodwill and Intangible assets from their books.
    When their numbers come out I hope to see more debt being paid down.
    I believe the NZ Government had to approve Agria's M&A with PGW.
    PGW is a very conservative NZ agricultural company - probably wouldn't allow themselves to
    be bought by a Shady Chinese company.
    Still holding and watching the paint dry.

GRO
1.40+0.01(+0.72%)Jul 31 4:02 PMEDT