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Thread: SCY Chart

  1. #31
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    Quote Originally Posted by Steve View Post
    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)
    The outlet store went a while ago (now a Nood store) and they have just announced that they are closing the store in town to focus on the larger store in South Dunedin. Sign of the times...
    Death will be reality, Life is just an illusion.

  2. #32
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    Cool SCY to GO NORTH..

    THANKS Steve for your observations in the Southland it appears one big store is enough for its demands ,But as the South Island is now well covered the move is to the North Island with 7 new stores starting up with the latest at Gisborne for $2.3 million cash paid it is good to note with all these real holdings the NTA is 86 cents for every 50 cent share so this is just another bargain on the NZX and to boot BRICKS is buying the STOCK..

  3. #33
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    Quote Originally Posted by BRICKS View Post
    THANKS Steve for your observations in the Southland it appears one big store is enough for its demands ,But as the South Island is now well covered the move is to the North Island with 7 new stores starting up with the latest at Gisborne for $2.3 million cash paid it is good to note with all these real holdings the NTA is 86 cents for every 50 cent share so this is just another bargain on the NZX and to boot BRICKS is buying the STOCK..
    South Dunedin is not in Southland!!! I am unsure if there is a SCY store in Southland...
    Death will be reality, Life is just an illusion.

  4. #34
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    Talking South Iland

    Quote Originally Posted by Steve View Post
    South Dunedin is not in Southland!!! I am unsure if there is a SCY store in Southland...
    ANYTHING south of WELLINGTON is SOUTHLAND...

  5. #35
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    Quote Originally Posted by BRICKS View Post
    ANYTHING south of WELLINGTON is SOUTHLAND...
    Anything south of Bombay Hills is Southland!
    Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt either directly by abolishing large slabs of it, or indirectly by inflating it away.

  6. #36
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    Well if BRICKS is buying it is a priority SELL
    Possum The Cat

  7. #37
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    Cool Will Buy Below 50 Cents..

    Quote Originally Posted by POSSUM THE CAT View Post
    Well if BRICKS is buying it is a priority SELL
    WELL cat try buying below 50 cents if you have some SCY which i doubt put them on the MARKET..

  8. #38
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    Lightbulb DONT miss OUT..

    SYC still chugging along at its pace cause there is NO news like always but you can shop at a store near YOU..

  9. #39
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    SCY appear to have not been as badly affected as other retailers so far...

    Smiths City Group's profit eases
    Smiths City Group's annual net profit has dropped, adding to the string of bad news coming from New Zealand's retailers.

    The listed Christchurch big-ticket retailer announced its annual net trading surplus had eased 1.7 per cent to $3.56 million, from the previous April year. The final unimputed dividend has fallen from 4c to 3c, payable on August 15.

    The final dividend lowers the unimputed annual rate from 5.5c to 4.5c, giving a yield of 11.25% on the last traded share price of 40c.
    Death will be reality, Life is just an illusion.

  10. #40
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    Talking BUGGER me its PAY DAY

    Got the pay check today how sweet it is,, Well we lost 58 small shareholder to the top 20 holders just get bigger they now hold 71.76% of the company..

    The new store at TAURANGA is now up and running which makes the 6 store in the top North Island for the Group, the quite growing chain and one day some bigger fish will take
    NOTICE..

  11. #41
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    Cool SCY a BARGAIN..

    Well Smith`s had there annual meeting yesterday and only the time when you get the good oil on what there doing told us they are moving two Power house stores to bigger buildings
    and pointed out that the 8 stores in the North Island produce 21% of the profits need more people to live in the South Island..

    The chairman also pointed out what a good price the share was @ near 12% div and half the NTA value he feels its a BARGAIN along with BRICKS..

  12. #42
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    Default SCY Chart Update.

    Well Bricks, as I have said before, I can but admire your fortitude. You have been a steadfast supporter of this stock through thick and thin. Unfortunately, though, it has been mostly thin - SCY has fallen 45% in 20 months.

    This worm may be close to turning, though. A sale at the Bid or the Ask would now trigger buy signals.

    After firing off a slew of Sell signals, SCY has been in a nice, tidy, orderly, accelerating downtrend for 20 months. Frequently it found support levels, but these were all sequentially broken as the downtrend progressed. You can clearly see "big money" (smart money?) exiting as shown by the "steps" in the OBV plot (magenta circles).

    The 4 indicators used here have given excellent signals in the past, even though the Sell signals of late 2006 were spread out over a month or more.

    Bricks, would I have any chance at all of persuading you that buying or holding downtrending stocks is not a good idea?


  13. #43
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    Arrow NO CHART.. showing..

    The turnover is very low and most the time would not support the chart,, BRICKS buys at very low prices but constant have a good low priced holding which pays dividends what more can you ask, Along with coming and going to NZ there is not much worth buying on the NZX at cheap prices that has not fallen over may remember you saying the same about
    Mr Chips of which BRICKS made a very LARGE KILLING..

  14. #44
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    Arrow THANKS for not BUYING..

    BRICKS can now buy at the lowest prices how & when he likes so one day day the
    tide will turn and that's when rewards will be paid, this stock should be for new NZ investors
    they can accumulate a bigger holding cheaper, But with everybody holding off and being smart they will miss the boat just like KFC & Co.. this stock would be a WARREN BUFFET BUY..

  15. #45
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    It would?

    Care to explain to us how you view the long term durable competitive advantage that SCY has, or analyse the "economic moat" that protects it from competition?

    Granted, its a cheap stock, granted, I have *some* time for the company but a Warren Buffett buy? Hahaha.
    ----
    Never try to teach a pig to sing. It wastes your time and annoys the pig.
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