Scales - SCL

[noodles]

We should get a broker upgrade tomorrow.

The 2 analysts offering 12 month price targets for Scales Corp Ltd have a median target of 182.50, with a high estimate of 200.00 and a low estimate of 165.00.

I suspect the low estimate will be raised when in the next couple of days.

Given it is fresh in the mind of the brokers, it may even make the broker picks for 2015.

http://markets.ft.com/research/Marke...asts?s=Scl:NZC

[Joshuatree]

Have a listen to the man himself
http://www.radionz.co.nz/national/pr...-year-guidance

Thanks noodles heres hoping there is a good crop at harvest. The few trees here have lost a heck of a lot of young apples (and plums) in the storm passing through today. Not a commercial apple growing here, just commenting on weather dependent crop risk. Have emailed them just now.

[Joshuatree]

Scales have given me the same press release as yours noodles,thanks. Is there anyone in say the Hastings region that can give us the occasional update on how the Apple crop is faring with mainly weather(wind and hail) issues, fruit set etc.?

[Okebw]

We should get a broker upgrade tomorrow.

Bingo.

Craigs have upgraded it to a buy with a price target of $1.70.

I shan't post it here since I'd probably get in trouble but its fairly good reading

[noodles]

Scales have given me the same press release as yours noodles,thanks. Is there anyone in say the Hastings region that can give us the occasional update on how the Apple crop is faring with mainly weather(wind and hail) issues, fruit set etc.?

Weather cleared now. Have just checked my back yard peach tree. The 2 green peaches are still on the tree (there were only 2 to begin with).

[noodles]

Bingo.

Craigs have upgraded it to a buy with a price target of $1.70.

I shan't post it here since I'd probably get in trouble but its fairly good reading

First NZ makes much better reading!

[sb9]

Looks like its on the move up...

[Joshuatree]

Oooops.....got the wrong hail storm. There was another one this year, not long ago.
http://www.stuff.co.nz/business/farm...kiwifruit-crop
This one is more relevant.
I guess that's a risk of the SCALES business. What mother nature dishes up.

Yes all it takes is a 5 min Hail storm to devastate crops
A few years of good weather and consistent returns and great divs may give the perception of less risk and the s/p rerate up.

[Wolf]

I talked to a harvester in Hawkes Bay who said that the recent bad weather had caused delays in harvesting but no damage.

[Joshuatree]

Thanks wolf appreciate it. They start apple main harvest feb/ march?