The outlet store went a while ago (now a Nood store) and they have just announced that they are closing the store in town to focus on the larger store in South Dunedin. Sign of the times...
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THANKS Steve for your observations in the Southland it appears one big store is enough for its demands ,But as the South Island is now well covered the move is to the North Island with 7 new stores starting up with the latest at Gisborne for $2.3 million cash paid it is good to note with all these real holdings the NTA is 86 cents for every 50 cent share so this is just another bargain on the NZX and to boot BRICKS is buying the STOCK..
Well if BRICKS is buying it is a priority SELL
SYC still chugging along at its pace cause there is NO news like always but you can shop at a store near YOU..
SCY appear to have not been as badly affected as other retailers so far...
Smiths City Group's profit eases
Smiths City Group's annual net profit has dropped, adding to the string of bad news coming from New Zealand's retailers.
The listed Christchurch big-ticket retailer announced its annual net trading surplus had eased 1.7 per cent to $3.56 million, from the previous April year. The final unimputed dividend has fallen from 4c to 3c, payable on August 15.
The final dividend lowers the unimputed annual rate from 5.5c to 4.5c, giving a yield of 11.25% on the last traded share price of 40c.
Got the pay check today how sweet it is,, Well we lost 58 small shareholder to the top 20 holders just get bigger they now hold 71.76% of the company..
The new store at TAURANGA is now up and running which makes the 6 store in the top North Island for the Group, the quite growing chain and one day some bigger fish will take
NOTICE..