Scales - SCL

[bull....]

This is one of few companies that announce annual results then follow up with the dividend announcement some 2 months later.

Why would they do this?

probably wanting to get an idea on outlook?

[Joshuatree]

powering towards previous highs atm on good vol (for SCL).$4.75 today

[mshierlaw]

Selling Polar Cold.

https://www.nzx.com/announcements/317752

The presentation makes this decision look good. Wonder what they eare going to do with the $$$$$.

Where does that leave liqueo? Seems further from core business than Polercold.

[mondograss]

They might be interested in a chunk of PGW perhaps:
https://www.nzherald.co.nz/business/...ectid=12013517

[Filthy]

They might be interested in a chunk of PGW perhaps:
https://www.nzherald.co.nz/business/...ectid=12013517

I would prefer they looked at someone like SEK (M cap 119.02M) if that was at all possible...
Could be some great synergies with customers, logistics, marketing etc

[mondograss]

I would prefer they looked at someone like SEK (M cap 119.02M) if that was at all possible...
Could be some great synergies with customers, logistics, marketing etc

Yes that does look like a good option.

[winner69]

They might be interested in a chunk of PGW perhaps:
https://www.nzherald.co.nz/business/...ectid=12013517

But Elders looking at PGW ....and keen as say some commentators

[macduffy]

The market seems to like the sale of Polar Cold. No doubt for a good price but I'm not so sure that it's a good idea to quit a " market- leading NZ cold store position" to further concentrate resources on the horticultural business with all the climatic, market and other risks that are involved in this sector. Putting my money where my gut feel leads me, I've reduced my own risk by selling a few.

[winner69]

Presentation at the AGM used the word 'diversification' at least 8 times - goodness knows how many times the word was said.

Yes a Scales strategic intent - to be well diversified

Love that pet food bit - my favourite division.

That was March 2016 ...diversified because they had other businesses besides apple growing

Now 2 years later becoming less diversified and concentrating on the core

Suppose a change in strategic intent is allowed

[Filthy]

Now 2 years later becoming less diversified and concentrating on the core

great pun if it was intended W69