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Thread: SCY Chart

  1. #16
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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.

  2. #17
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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]

  3. #18
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    SCY has just gone x div and HOLDING.. [8D]

  4. #19
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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]

  5. #20
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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.

  6. #21
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    Smile Small thoughts..

    BRICKS thought you should know some small changes in holdings @ SCY,

    Increase in numbers holdings of up 72 to 2,450 appears some small KIWI like the stock.

    People with the surname Smith 6 in number have appeared in the top twenty list for the first time are they the original family of the store dose any one know??.

    With a share price @ 64 cents and NTA @ 86 cents not many on the NZX are in the same position.

    But still the engine behind this company is the Smithcorp Finance Limited this is where the real gains are made that Buys the new stores.

    Have a happy day.. BRICKS..

  7. #22
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    Default Smiths City SCY

    Hello all

    I’ve recently started to have a look at Smiths and have a few questions from the Annual Reports that BRICKS or any of you may be able to help me with.

    1. ‘07 operating cash flow was negative (due to increased working capital). Have any comments been given as to why it increased?

    2. Simthcorp Finance interest received less interest paid has gone very negative over the last couple of years?

    ---see attachment

    3. Smithcorp’s interest differential is usually slightly negative. If Smithcorp is run at arms length, shouldn’t it be positive?

    4. The unearned income provision of the finance book has dramatically increased from an average 8% of finance receivables to 24% over the last 3 years? I assume the unearned income is future interest, is this correct? If so I can’t reconcile the increase even with the general increase in interest rates?

    5. In the ’07 report, Smiths borrowed $6mil from F&P Finance above the normal lending facility?

    Any help on this greatly appreciated.
    Last edited by LTI; 22-11-2007 at 01:13 PM.

  8. #23
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    Thumbs up Smiths City..

    DEAR LTI with questions like that you should just ring up Rick Hellings MD. and ask him direct and if you don't like the answer tell him, if you do like the answer then BUY some they are at a very good price at the MOMENT..

  9. #24
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    You're not the only one with "doubts", LTI! This stock has been getting sold down all year.

    Way back in January the OBV stopped rising, the trendline was broken and SCY went into an on-going downtrend. (Red arrows are sell signals) The chart shows some interesting features. Once the support at 64 cents was broken, it became a resistance level (this is fairly common). The circled sharp drops in the 'On Balance Volume' mark where bigger holders (the smart money?) were selling.

    SCY appears to have found good support at 56 cents - but then it had support at 64 cents too - for a while.


  10. #25
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    Thumbs up

    WHAT we need is a supporters CLUB..

  11. #26
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    Many thanks for your replies. I'm not for or against the company yet, just started looking at it. I don't like to call MDs until I have as good an understanding of the company as possible so not to waste their time. Hence this post.

  12. #27
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    Exclamation

    Quote Originally Posted by BRICKS View Post
    WHAT we need is a supporters CLUB..
    WHAT should have been said is KIWI`s with money to invest not just talk about INVESTING.. and NO money..

  13. #28
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    Smile Halfyr :scy..

    WELL its steady neddy as we go profit up 1.3% to $1.759 million and a 1.5 cent div Feb 15, thanks.
    The big move is the purchase of 100% of L V Martin now fully owned and able to control better along with joining Narta. NZ an org that buys appliances in bulk to sale while the NZ market is flooded with these type of items but will give SCY the edge.

    ITS a slow road but a sure one, that is the real name of this GAME..

  14. #29
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    Cool HALLO another BARGAIN

    WELL bugger me another bargain has turned up below 50 cents but worth more is this another case of stagnation or just a lack of BUYERS NO matter have increased the holding 25%.. In Oz these people are call distressed SELLERS..

  15. #30
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    Default Chart Update

    Bricks, SCY has been in an accelerating downtrend for over a year, so far.
    How can it be a good investment (let alone a bargain) if the shareprice keeps falling?
    I can but admire your fortitude.


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