Originally Posted by
Snoopy
My investment strategy for SCT has not changed. The existing business justifies the yield. The growth from HTS-110 (superconducting technology) and the 'scaling up' of the meat processing robots comes for free. This is why IMO, SCT remains a compelling technology sector growth investment. Sadly though, we minority investors have had about 40% of our future growth pie simply handed over to JBS 'for free'. And that is very sad :-(!
OK not quite for free.
JBS put
(17,339,239+ 10,000,000) x $1.39 = $38m
of new capital into SCT. But $38m is still small change compared to the over $500m JBS will gain by rolling out SCT's meat processing technology across just JBS's Australian operations and operating them for ten years. I have previously expressed the view that SCT directors sold out small shareholders to JBS far too cheaply, and I hold to that.