SCT - Scott Tech

[Under Surveillance]

If we use U.S's eight year average 'half year on half' year adjustment, then we can estimate the full year profit as:

2.6 x $2.887m = $7.506m

$7.506m / 56.123m shares = 13.4c full year eps

At $2.87, SCT is on a projected PE ratio of:

287/ 13.4 = 21.4

Value? You be the judge.

SNOOPY

The current number of shares issued is 74,680,754. Has been so since 14 April 2016.

[winner69]

The current number of shares issued is 74,680,754. Has been so since 14 April 2016.

So snoops numbers should be projected eps of 10 cents a share - at 287 a forward looking PE of 28.7

Snoopy also said - Value? You be the judge.

[Under Surveillance]

So snoops numbers should be projected eps of 10 cents a share - at 287 a forward looking PE of 28.7

Snoopy also said - Value? You be the judge.

No, as Snoopy fouled up the application of the H2:H1 ratio, and should have added his $7.506m to the $2.887m, so getting $10.393m.

Dividing $10.393m by the 74.681m shares gives a prospective NPAT of 13.9 cps and a prospective PE at 287 of 20.6.

As to value at 20.6, I reckon it might be there. Depends on Waller staying on the board, and the JBS directors keeping the acid on for the full exploitation of SCT's opportunities.

Over the last 12 months [H2 1016 and H1 2017] NPAT has been $9.073m, and Hopkins says SCT is in a sweet spot, so with $32m of cash sitting idle there will be few excuses if recent growth wanes.

[Under Surveillance]

Does anyone know what progress there has been on the mooted doubling in size of SCT's premises on Kaikorai Valley Road?

[Snoopy]

Does anyone know what progress there has been on the mooted doubling in size of SCT's premises on Kaikorai Valley Road?

Not sure if matters if the extension is built if there are no new industrial robotics employees to boost production. Andrew Arnold said they were happy with current staffing Kaikouri Valley at 2016 AGM time. After the meeting I cornered the said Mr Arnold. He said they hadn't taken on any new staff in the industrial robotics team in Dunedin since all the JBS new capital rolled in. That was 3.5 months ago.

SNOOPY

[Under Surveillance]

The euphoria/madness which saw the SCT price scorch up to touch 326 (before the 4 cent dividend) seems long gone.

Transactions today were (for SCT) at a frantic volume, 74 trades. However the total shares crossed were a mere 8,701. Someone is working like a navvy to prop the price up.