Shane Jones believes the story!
Quote:
Originally Posted by
BlackPeter
No surprises here. Sexy technology for the engineers but little money returned to investors.
Nice revenue growth as usual: long term (7 years) revenue CAGR =19.7 and consistent earnings drop: long term earnings CAGR negative 5 percent. Just wondering where this will end?
But yes, they are obviously just investing for a much brighter future, which may or may not come.
Who knows - maybe they become one day the Tesla of meat processing ... and only the sky is the limit? Shareholders just need to make sure they don't miss the peak ;);
Part of today's Otago handout:
https://www.odt.co.nz/news/dunedin/2...lside-workshop
As Shane says:
"We are providing $5.8 million towards the establishment of a dedicated manufacturing agriculture technology business unit within Dunedin-based company Scott Technology."
"This unit will be dedicated to automation solutions and services for New Zealand food processors, producers and their suppliers.''
Scott's now a fully state subsidised business?
SNOOPY