SCY Chart

[winner69]

Marlborough rate payers might have a big empty building soon ....or heavily subsidising a distressed tenant

https://www.stuff.co.nz/national/pol...city-uncertain

[Arthur]

Management is failing this company. I have been trying to buy goods from them, but website is inadequate the wait time to answer the phone is over an hour at times. Apparently they only have five people answering emails. They are swamped with people trying to buy, but have not employed enough people to answer the phones or emails. A tinpot takeaway can organise a click and collect and are open for business. This large retailer is obstructionist in almost every way. From what I have heard staff at click and collect are only working a few days a week in many stores, if at all. Staff have been told there are job losses coming, yet tens of millions of dollars of orders are going to waste due to inadequate staffing. If you are "lucky" enough to give them your retail dollar good luck collecting it, even if it is your local store.

[nztx]

Management is failing this company. I have been trying to buy goods from them, but website is inadequate the wait time to answer the phone is over an hour at times. Apparently they only have five people answering emails. They are swamped with people trying to buy, but have not employed enough people to answer the phones or emails. A tinpot takeaway can organise a click and collect and are open for business. This large retailer is obstructionist in almost every way. From what I have heard staff at click and collect are only working a few days a week in many stores, if at all. Staff have been told there are job losses coming, yet tens of millions of dollars of orders are going to waste due to inadequate staffing. If you are "lucky" enough to give them your retail dollar good luck collecting it, even if it is your local store.

They need only look at their Logo - that should give them an indication of where they're going wrong

If they have problems making things go well easier (as the track record suggests is the case), then Management & Directors should step aside to allow new more energised blood to do what they have failed to..

The current mob staying stuck to their seats will probably (on recent year's performances) only dig the hole bigger & likely in the process put the whole shooting box into Receivership or worse. Furniture & Appliances is a competitive game & requires talented achievers who can & will perform, not an entrenched bunch of bods who can't recognise potential grief & disaster sneaking around the corner, whether brought on them by their own making or otherwise..


It looks like the Sydneysiders are steering a wide berth

Why did this one attract Brierley's interest - any guesses ?

[percy]

The current mob not many years ago replaced long serving Chairman Craig Boyce,director John Dobson and CEO Rick Hellings.
I expect they were Brierley and Co appointments.
Brierley has at times seen hidden value in companies.Was often right but destroyed BIL,IEL and others when he was wrong.

[CD_CHCH]

Smiths City names 'turnaround specialist' Roy Campbell as CEO - April 2015

https://www.nbr.co.nz/article/smiths...-ceo-bd-171399

[nztx]

Trading Halt @ 1.22 pm today

https://www.nzx.com/announcements/353206

The trading halt has been put in place pending the release of an announcement by the company

[winner69]

Trading Halt @ 1.22 pm today

https://www.nzx.com/announcements/353206

The trading halt has been put in place pending the release of an announcement by the company

And it’s not even 5 o’clock on Friday

[percy]

While the sale gives the Smiths City business a strong foundation on which to build, Directors believe Smiths City’s ordinary shares will retain no value following the sale.

[winner69]

Sold ..or given away

No value remaining for shareholders ...warned of that a while ago

Never never fall in love with a share trading at a big discount to NTA ...wasn’t Smiths reported NTA 77 cents. Hope none of you were tempted ...PERCY and me tried to warn you off.


http://nzx-prod-s7fsd7f98s.s3-websit...225/322677.pdf

[winner69]

While the sale gives the Smiths City business a strong foundation on which to build, Directors believe Smiths City’s ordinary shares will retain no value following the sale.

Hope Big Chill man makes a go of the remains

Methinks he’ll need a lot of luck

But Smiths City survives eh PERCY