Scales - SCL

[bull....]

Perhaps the cash is starting to burn a hole in their pocket? Been a long time since they sold Polarcold (and since been sold again).

Probably regretting selling Polarcold.....coldstorage is gold currently.

i always thought of it as the growth area of the business. looks like the share price has peaked heading back down again now

[percy]

https://www.nzx.com/announcements/373641

[bull....]

https://www.nzx.com/announcements/373641

wow still cant find any businesses after a year to buy , in the mean time is the money from the growth business they sold being used to prop dividends?

[winner69]

Guidance confirmed ebitda 46m to 53 / npat 27m to 33m

Top end in line with 2020

I'd forgotten what a struggle it has been for them to grow profitability over the years

At least not going backward at a great rate

[Eden]

To my eye, the AGM presentations suggest SCL will keep bouncing around in the $4.50 - $5.20 for the foreseeable future.

[Sideshow Bob]

Guidance confirmed ebitda 46m to 53 / npat 27m to 33m

Top end in line with 2020

I'd forgotten what a struggle it has been for them to grow profitability over the years

At least not going backward at a great rate

2018 Polarcold "underlying EBITDA" was $15.1m. They then sold that (and got sold again soon after).

Factor that into the mix and they've been pretty consistent.

Perhaps they'd wish they hadn't. Coldstorage at a premium so sure would be more profitable now based on yield and rates.

[Pegasus2000]

Good move?

as at 16:00:02, Tuesday 15 June, 2021 (NZT)
MKTUPDTE: SCL: Market update
SCL
15/06/2021 16:00
MKTUPDTE
NOT PRICE SENSITIVE
REL: 1600 HRS Scales Corporation Limited

MKTUPDTE: SCL: Market update

15 June 2021

SCALES CORPORATION - MARKET UPDATE

Scales Corporation Limited (Scales) today announces that it is no longer
participating in the sale process for Villa Maria. Due diligence and other
transaction costs incurred during the process will be recognised in Scales'
half-year results to 30 June 2021. Scales reiterates market guidance
previously given for the full 2021 year, noting that transaction costs are
not included in Underlying earnings.

Steve Kennelly
Chief Financial Officer
Scales Corporation Limited
+64 3 371 2263 / +64 274 317587
www.scalescorporation.co.nz

[Eden]

Going teetotal or switching focus to Hawkes Bay winery Sacred Hill perhaps? https://www.stuff.co.nz/business/ind...ts-up-for-sale

[Muzz1234]

a smaller acquisition in a business theyre not experienced would be better presuming sacred hill is smaller couldn't find much on internet about hectares of grapes they have

[Ricky-bobby]

God I hope not! Will be bloody interesting to see who takes out Villa…