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Thread: Scales - SCL

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    Default Scales - SCL

    Hi - looking to add this stock to my portfolio, anyone holding/following?

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    Yes, bought a small number at 1.60 post-float. I reckon it's worth 2.34 and will look to buy more if it ever breaks out of its downtrend.

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    Tim,

    I'm holding a small parcel. I understand that there will be an update before the end of October. Perhaps you should wait till then.

    There are a LOT of risks with this one. I would read the prospectus carefully. Also, the Russian situation may be affecting carton price.

    All the best,
    noodles
    Last edited by noodles; 26-10-2014 at 07:58 PM.
    No advice here. Just banter. DYOR

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    Thanks - I see they are due to provide update probably good advice better to pay a bit more than guess, I'm looking to hold long term, want to add rural based stock to portfolio, only hold PGG in that space.

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    I note that CIP has initiated coverage with a price target (currently) of $1.65, and expected to be 10% higher than this if/when the Russia situation gets sorted out. A few available at $1.40 today, I think I might pick a few up.

    Not a terribly liquid stock, but the CIP coverage could definitely help with that
    Last edited by Okebw; 04-11-2014 at 09:39 AM.

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    Quote Originally Posted by Okebw View Post
    I note that CIP has initiated coverage with a price target (currently) of $1.65, and expected to be 10% higher than this if/when the Russia situation gets sorted out. A few available at $1.40 today, I think I might pick a few up.

    Not a terribly liquid stock, but the CIP coverage could definitely help with that
    Did you pick any up? Now 138, with support nearly all crushed. I'm looking at this but not sure when to pull the trigger, although fundamentals are looking better and better I want to really time this down as upside is slim, so every cent will count.

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    I was intending to but got distracted by an exam. Luckily it appears. I'm going to attempt to pick some up tomorrow but I'm pretty terrible at picking entry points

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    Quote Originally Posted by Okebw View Post
    I was intending to but got distracted by an exam. Luckily it appears. I'm going to attempt to pick some up tomorrow but I'm pretty terrible at picking entry points
    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...

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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...
    Closed at $1.36 only10k shares went through on market at $1.35, I bought a parcel at $1.36 a couple of days ago as a long term hold so not worried if it drops a few cents more but then maybe it won't, who knows.

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    Quote Originally Posted by couta1 View Post
    Closed at $1.36 only10k shares went through on market at $1.35, I bought a parcel at $1.36 a couple of days ago as a long term hold so not worried if it drops a few cents more but then maybe it won't, who knows.
    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?

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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 10:54 PM.
    No advice here. Just banter. DYOR

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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.

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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 08:20 PM.

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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

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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
    Paper Tiger
    om mani peme hum

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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.

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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 06:50 AM.

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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 12:52 PM.

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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.

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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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