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BRICKS has just concluded a trip to Christchurch and an interview with SCY. MD Rick Hellings who pass on the following information about Smiths City position and the way ahead.
The current position of SCY is its expanding as much as possible against the changing trend of retail and the Norm Harvey type of expansion, by enlarging stores to a min of 20,000 square meters floor plates. At Greymouth, South Dunedin and Palmerston North.
Finance operations are a Diamond as it lets them do what the Bank love, to put it in a nut shell going gang busters.
The property division is small but moving ahead more in 2007.
North Island expansion will continue at a slower rate but more sound footing as most of all the nta of SCY is over 77 cents but all is paid for and little outside debt.
Conclusion. Rick is or seems comfortable with the company`s position with an eye on retail constant change and Australian attacks over the Tasman which says will hold Smith`s position and stated Div`s are approx 50% of profits which will be continued to be PAYED..
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Bricks,
You've either blown cover or taken English lessons over the Christmas break???
Complete sensible sentences!!
OMG []
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quote: Originally posted by Sideshow Bob
Bricks,
You've either blown cover or taken English lessons over the Christmas break???
Complete sensible sentences!!
OMG [ ]
The year is 2007 and BOB your still the same a NO COMMENT person
about the SUBJECT so just do your best in the MARKET,, Regards.. [8D]
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Member
quote: Originally posted by whiteheron
They show up clearly on the computer screen but they dont seem to print out very clearly --- maybe they are designed that way or maybe it is my printer , I dont know
Cheers
It's because of the difference in resolution between screen and printer. The average dpi of a computer is screen is 96, whereas most printers are now 600dpi (some are even 1200 or higher). Unless there has been some interpretation taking place between the two (ie: some web pages have a "printer friendly" link) you are most likely going to see it about 7x smaller than the equivalent screen represenation.
Disc: JWI, VCT, VCT010
Stainless Steel Rat - slipping between the cracks.
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quote: Originally posted by StainlessSteelRat
quote: Originally posted by whiteheron
They show up clearly on the computer screen but they dont seem to print out very clearly --- maybe they are designed that way or maybe it is my printer , I dont know
Cheers
It's because of the difference in resolution between screen and printer. The average dpi of a computer is screen is 96, whereas most printers are now 600dpi (some are even 1200 or higher). Unless there has been some interpretation taking place between the two (ie: some web pages have a "printer friendly" link) you are most likely going to see it about 7x smaller than the equivalent screen represenation.
Think the rat has slipped between the CRACK.. [8D]
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quote: Originally posted by BRICKS
The current position of SCY is its expanding as much as possible against the changing trend of retail and the Norm Harvey type of expansion, by enlarging stores to a min of 20,000 square meters floor plates. At Greymouth, South Dunedin and Palmerston North.
The South Dunedin store is the old Mitre 10 building and it definately much better than the 2 stores in town (1 retail store that floods when it rains and 1 outlet store that they appear to flog off repossessed items and shop-soiled items)
While I am a SCY holder, I generally don't shop with them
Death will be reality, Life is just an illusion.
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WELL been a bit disappointed with the little response to RICKS statements on the current SCY position,, did refer to him that the investing people put SCY on the same standing as AIR lack of support took a take over in AU to get AIR large price may be the same for SCY there are AU firms out that want a chain of store in the South Island to name one is J&B electrics,, good buying back to AU WEDNESDAY.. [8D]
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SCY has just gone x div and HOLDING.. [8D]
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INTRIM report out the OUTLOOK comments are good stated the following:
Moved to larger premises at Greymouth, South Dunedin and Timaru with new bolt on company`s of Selectrix and Star Appliances in Rotorua, New stores Smith City named at Palmerston North a FEB opening at Gisborne also stated looking to t/o finance and properties as they ARISE.. [8D]
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The comments do appear favourable. Recently in Dunedin, Powerstore merged with Selectrix and moved into the Selectrix store.
Death will be reality, Life is just an illusion.
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