WELL the div is up 1 cent + .15 input its the first of a TAX return, along with store numbers up but sales down cant win them all its a cheep stock and one day someone
will notice IT..
margins thin, retail tuff,opposition ruthless.
however;solid growth.
stores well maintained,
point sales upgraded.
store locations upgraded.
solid growth.
further expansion.
excellent directors with most skin on the line.
rick hellings exceptional managing director.
dividend paying company.
all this without coming to shareholders for cash as so many fancy companies have. a good steady earner.
bricks; enjoy your dividends and remember buffett brought mrs b's furniture store .
This news is always the Best with SCY trading at half its NTA but been pushing on with store openings now for some time in the North island and the latest @ Porirua with the full
shopping block and L V Martin located together it cant go wrong..
Today rose 17.65% to 40 cents but this is cheep and wont last long, BRICKS is now well position for another good COLLECT..
the latest @ Porirua with the full
shopping block and L V Martin located together it cant go wrong..
...very apt Bricks. I went into SCY Porirua for a look yesterday. Actually checked the price of a small appliance I wanted. Too expensive at SCY - but made me realise that I'd never noticed LV Martin were there! Went inside and found the appliance (same brand/model) for about 40% of the SCY price. Oops. Guys in LV's said the arrival of SCY had been great for business...
...very apt Bricks. I went into SCY Porirua for a look yesterday. Actually checked the price of a small appliance I wanted. Too expensive at SCY - but made me realise that I'd never noticed LV Martin were there! Went inside and found the appliance (same brand/model) for about 40% of the SCY price. Oops. Guys in LV's said the arrival of SCY had been great for business...
GOOD thinking SCY send the dopey customers next DOOR..
lizard.
sorry you made brick's day.
i am still laughing.
l v martin set up made it easy for smiths to set up in wellington area,watch out for more stores,same back office, warehouse,delivery vehicle and back up service.
leemings do it with bond and bond.
j b hi fi with stewart and hill.
harvey norman with norman ross.
best to have OPPOSITION next door as customers like to do what you did.
if no opposition customer will go elsewhere.
Yeah, I think the SCY team were too busy selling the big stuff - helping fill out credit forms and the like...
Must admit Liz when i was down there to check the store out and first looked at the complex and saw Smiths and lv`s in one block as good but LVM was there first SCY
second but your twist was an add on really rang the BELL..
SCY battles on..
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Originally Posted by Steve
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