SCY Chart

[BRICKS]

Headline results look good even though management say that such a resukt would be unacceptable in normal times

Razor thin margins - $1.6m (no tax) profit on $230m odd revenues not much is it

From the accounts the retail arm continues to trade at a loss .... what profits there are come from financing arm

Wonder what 'normal times' would deliver?

WELL 69 profit up 60% and NTA a real 79 cents plus a 1 cent div along with expanding well into the North Island
and payed for as you go all you need now is customers like all the other shops find it hard to keep up..

Look at PPG they try every thing but does not work, how do you know Harvy Norms is doing well because they dont
have to tell any one, Noel Lemond who are reporting to so SCY is not that bad..

ITS the NZ public share buyer`s they dont support not that many companies in NZ, STU, GFF, and others so one day
you may have a better MARKET..

[percy]

I see this morning's daily sharechat was SCY.Mcdouall Stuart value them at 71cents and their recommendation is Buy.

[BRICKS]

BRICKS asked Rick Hellings if a share buy back had been considered he said all options had been look at but at this point of time the company wants to continue its expantion in the Wellington area with two more stores making 4 in
number as he feels the increase in stores would produce more profit.

But he did say if the company could not find good sites or trading changed the buy back could be an option which BRICKS agrees with so this is the two alternates time will TELL..

[percy]

AGM was held this morning.Chairman Craig Boyce and Chief Executive Rick Hellings spent a lot of time explaining the business,the finance company,NZ GDP,where they see SCY in the market place,and SCY's future growth prospects in the North Island.Pleasing to see director's giving shareholders so much insite and information about the company they own.Nice to meet mouse,and Boyce confirmed when asked by mouse that they intended to pay out half tax paid profit in divies,while retained profit will be used for expansion.No one asked about shareback.Last time I mentioned it to Boyce he had an adverse reaction to it, and I am not game to mention it again.We await your return to good health Bricks and look forward to you asking about it at next AGM.

[easy money]

will the share price drop on monday because of the earthqauke?

[percy]

will the share price drop on monday because of the earthqauke?

SCY may do well with people having to buy new carpets,new TVs and furniture.The Alectra service division will be keep busy.The SP could go up.Still very thinnly traded. With having their own finance company,a lot of customers will make use of it to replace damage possesions.

[percy]

Well done SCY.Profit,paying a divie.Positive Colombo Street store will be rebuilt/upgraded.

[winner69]

Those 831 small (mom and pop?) shareholders will be in tiz when they get the letter from SCY .... hope they don't think it is Mr Whimp or whoever it is and ignore it ..... then SCY wil sell there shares for them anyway by the sounds of it

[percy]

Those 831 small (mom and pop?) shareholders will be in tiz when they get the letter from SCY .... hope they don't think it is Mr Whimp or whoever it is and ignore it ..... then SCY wil sell there shares for them anyway by the sounds of it

Should have cleaned up the small parcels years ago.Good for small holders as they do not incure brokerage charges.Will save SCY a lot of money not having to print and distribute 831 extra reports.

[winner69]

Good stuff .... made some money in the retail shops this year