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Thread: Scales - SCL

  1. #11
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    Quote Originally Posted by Chaowee88 View Post
    Was this stock priced too high at IPO? Not much growth potential for scales but fundamentals are fairly priced, why is the share price being punished so bad?
    Those pesky Russians are playing havoc in world commodity markets. Apple prices under pressure. The Poles can't sell to Russia, so extra supply on world markets.
    http://blogs.ft.com/ftdata/2014/11/0...s-from-russia/
    Last edited by noodles; 07-11-2014 at 09:54 PM.
    No advice here. Just banter. DYOR

  2. #12
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    Quote Originally Posted by noodles View Post
    Those pesky Russians are playing havoc in world commodity markets. Apple prices under pressure. The Poles can't sell to Russia, so extra supply on world markets.
    Shooting themselves in the foot and pieces of shrapnel going everywhere. Can't see a resolution to their intransigent and extremely aggressive stance anytime soon.

  3. #13
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    Proposed dividend of 9.4-9.6cps offers a pretty good percentage dividend return when you work it out on current price, about 9% Gross.
    Last edited by couta1; 07-11-2014 at 07:20 PM.

  4. #14
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    Quote Originally Posted by Chaowee88 View Post
    Oh dear when I think it can't go any lower it does. 135 last line of buyers support and it not a large buy order...
    Looks like $1.35 was the bottom, price refused to go below that over several days and now volume has arrived and pushed the price up

  5. #15
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    Quote Originally Posted by couta1 View Post
    Looks like $1.35 was the bottom, price refused to go below that over several days and now volume has arrived and pushed the price up
    $1.52(ish) looked like a bottom (twice )
    $1.42(ish) looked like a bottom (almost twice )

    and now $1.35 .

    But this time could be the true bottom or not.

    Only time will tell .

    Best Wishes
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    om mani peme hum

  6. #16
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    http://www.freshfruitportal.com/2012...ountry=unknown

    Does anyone have any idea how hard the above hailstorm has hit Scales Apple Crops ?
    I seem to recall they had orchards in that area.

  7. #17
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    All of Scales orchards are located in the Hawkes Bay so none in Nelson area however they do marketing work on behalf of external growers in that area.
    Last edited by couta1; 13-11-2014 at 05:50 AM.

  8. #18
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    Thanks. Took a look at their prospectus.
    Looks like 32% (corrected) of their apples come from external supplies. Given their dominance in HB, I guess most of this would be from the Nelson area.

    Found the data:
    Own Orchards - 2.83 TCE (Tray Carton Equivalent)
    Nelson 0.76 TCE
    Other HB 0.58

    So around 18% of their apples are from Nelson.
    Last edited by RTM; 13-11-2014 at 11:52 AM.

  9. #19
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    Shame to waste my last post on this but that report appears to be two years old.
    If it had any effect on Scales they should be over it by now.

    Retiring now, 99 not out.

  10. #20
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    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.

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