b90ce5254fcd1a110bd1b600b6d733cb

PGG Wrightson Limited

(PGW)

NZX

Recommendation:

High Risk Buy

Share Price:

NZD

Market Cap:

$

PGG Wrightson: Bracing for Weakness

23 February 2023

PGG Wrightson (PGW) shares edged lower on its result as it cut its interim dividend slightly from last year down to 12 cents per share, cautioning investors of further volatility and softening macroeconomic outlook and lowering their earnings outlook. PGW revealed a solid result for the first half of the 2023 financial year, where operating earnings (EBITDA) came in at $47.8m, which was a touch higher than the same corresponding period last year. Unfortunately downgraded their full year earnings (EBITDA) guidance down to $57m, from $62m due to cyclone related uncertainty, and weak economic outlook affecting real estate business.

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Share Price:

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Market Cap:

$

Latest Research on PGW.NZE

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