I read it as very positive.
They are buying equipment and most importantly "staff" very cheaply.
It is not an act of charity.
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I read it as very positive.
They are buying equipment and most importantly "staff" very cheaply.
It is not an act of charity.
https://www.nbr.co.nz/article/scott-...rship-b-204348
More from NBR...not pay walled.
Yea, just buying the gear. Maybe a few of existing supply contracts will come with it (but DC Ross was highly exposed to the Australian auto industry).
SCT are paying $500,000 for the assets of 'DC Ross' and creditors the BNZ and Aorangi Laboratories are owed a combined $18.1m? That is one hell of a haircut for 'DC Ross' creditors. I looked at the deal and thought that the real asset was the twelve skilled staff. $500,000 could be less than Scott's might pay a recruitment agency to find such skilled staff, people that Scott's will need as they gear up their Kaikouri Valley site. Take out the staff and it looks like Scott's has acquired the DC Ross business for nothing! It doesn't take much new business to create a spectacular return on equity result from a business acquisition like that!
SNOOPY
Hello..anyone notice big crossing as below, also at higher price of $3.40 a piece.
6 3 11:29:07 am 340 482,000 $1,638,800 Off Market
FY results should be out anytime now, price tracking well as reflected on trading depth.
A pretty strong result.
2017 Full Year Announcement
4:02pm, 12 Oct 2017 | FLLYR
12 October 2017
RE: SCOTT TECHNOLOGY LIMITED 2017 FULL YEAR ANNOUNCEMENT
Highlights
2017 2016
Revenue $132.6m +18% $112.0m
Net surplus before tax $14.9m +35% $11.0m
Cash flow from operating activities $13.4m $16.1m
Net cash / (overdraft) $26.7m $34.2m
Shareholder equity $97.2m $94.6m
Final dividend - fully imputed 6.0 cps 5.5 cps
Full year dividend 10.0 cps 9.5 cps
Awesome to see the jump today, is it going to get to $4