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Thread: Scales - SCL

  1. #2086
    percy
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    Quote Originally Posted by bull.... View Post
    chart broke down from a range between 4.50 - 5 implies 3.95 - 4 as a target , long term looks fine at the moment but depends on harvesting. need to remember stocks like scales , seeka , comvita etc will cycle depending on how good there harvests will be.
    Also remember a weak or weaken NZ $ works in their favour.

  2. #2087
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    Quote Originally Posted by percy View Post
    Also remember a weak or weaken NZ $ works in their favour.
    true at the moment. looking ahead im thinking ( guessing ) a weakening us dollar next yr would mean nzd above 70c again
    bull

  3. #2088
    percy
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    Quote Originally Posted by bull.... View Post
    true at the moment. looking ahead im thinking ( guessing ) a weakening us dollar next yr would mean nzd above 70c again
    I hope you are wrong [ but doubt that you are], as I have a rather large position in a NZ exporter...lol.

  4. #2089
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    Thank you both bull.... and percy

  5. #2090
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    Interesting - this was different to the purchase I'd heard rumoured.

    I wonder how much of it is in response to the likes of BHJ becoming more active in their patch in NZ (ie buying Wanganui coldstores). Good opportunity to bolt some lamb/beef/venison on to other species, and use their logistics/sales networks.

  6. #2091
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    Does anyone else feel like scl could be brewing something big at the end of this year?

  7. #2092
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    Quote Originally Posted by Lewylewylewy View Post
    Does anyone else feel like scl could be brewing something big at the end of this year?
    Pumping ?.


    Disc. Hold.

  8. #2093
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    Or, wishful thinking?

    I hold too but expect, and will be happy with, steady progress - and favourable weather.

  9. #2094
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    I have a negligible holding (about $1000 worth), so totally pumping!

    I just think the recent sales to generate money for new acquisitions is interesting. My gut tells me something is brewing. Maybe I'm wrong.

  10. #2095
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    Quote Originally Posted by Lewylewylewy View Post
    I have a negligible holding (about $1000 worth), so totally pumping!

    I just think the recent sales to generate money for new acquisitions is interesting. My gut tells me something is brewing. Maybe I'm wrong.
    Still waiting for the Polarcold sale to come up with the doe ray me. Not sure why this is taking so long but nothing reported to NZX.

    New investments will require this $$$$$$. Share price is suffering as a result of - no news.

  11. #2096
    Herbacious
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    OIO approval condition for Polarcold is required to be met by 9th February.

  12. #2097
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    Quote Originally Posted by mshierlaw View Post
    Still waiting for the Polarcold sale to come up with the doe ray me. Not sure why this is taking so long but nothing reported to NZX.

    New investments will require this $$$$$$. Share price is suffering as a result of - no news.
    As I recall, they need to have the OIO result by February 9th for the sale to go through. Scales also said they would update in Feb 19 ‘or earlier if possible’.

  13. #2098
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    I vaguely remember reading oio in feb, sale in march.

  14. #2099
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    https://www.directbroking.co.nz/Dire...spx?id=4953002

    OIO decision delayed till end of May. That's a whole year for a decision.

  15. #2100
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    Quote Originally Posted by mshierlaw View Post
    https://www.directbroking.co.nz/Dire...spx?id=4953002

    OIO decision delayed till end of May. That's a whole year for a decision.
    must be a tough decision?
    bull

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