SCY Chart

[percy]

Why do you say the exit door is closing Percy? Is it due to the stagnant share price that is sitting at a record low or have I missed something else?

The share price has been in a free-fall for the past year.Each announcement is more bad news. Share price well below both 90 day and 180 day moving average.
Buyers have all but disappeared/.Today only 41,271 shares wanted from 39 cents to 32cents.Anyone selling 50,000 shares would find the exit closed.

[winner69]

The share price has been in a free-fall for the past year.Share price well below both 90 day and 180 day moving average.
Buyers have all but disappeared/.Today only 41,271 shares wanted from 39 cents to 32cents.Anyone selling 50,000 shares would find the exit closed.

Is Sir Ron still involved?

[percy]

Is Sir Ron still involved?

Yes and a mate.
I can not see where there is value,ie nta is shown at 65.48 cents.
However, a non profitable retailer with on going staff and lease commitments is worthless.
Maybe some value in their finance company,however with out their retail side providing customers I see little value there either.
No property left,all been sold.

[winner69]

Wonder if they will ‘tactically buyback’ some of their shares now there some ‘short term distortion’ in the share price

Canned the return of capital thing a while ago ......what Ron saw probably no longer exists.

[percy]

Wonder if they will ‘tactically buyback’ some of their shares now there some ‘short term distortion’ in the share price

Canned the return of capital thing a while ago ......what Ron saw probably no longer exists.

Share buyback would give them a bigger slice of a very small cake.More of nothing, is not a great strategy.{lease liabilties continue to the end of the lease,so who would want a greater liability?]
AgreedDid it with BIL,IEL and others.

[percy]

Today's commitment to a living wage is bold.
With a staff of 591 it could be called very bold.
I hope it is not the final nail in their coffin.

[Stranger_Danger]

I certainly don't see shareholders getting a "living return" any time soon.

[winner69]

Today's commitment to a living wage is bold.
With a staff of 591 it could be called very bold.
I hope it is not the final nail in their coffin.

'Not material' they say

But then in SCY case some would say $1 is material

[dubya]

Jeez I'm soooo glad to be out of this company. Thanks Percy
In the 2½ years I had them I just managed (with dividends included) to break even on exit.
Share price now seems to be in semi free fall. Down another 20% in the last few weeks. Retail sure is a tough business!!

[percy]

Saddens me watching their demise.
Staff give good honest advice.
Good quality products at fair prices.
Just not enough.
Would love to see them do well,but I just can not see it.