Scales - SCL

[bull....]

Sold my holding at open this morning as a precaution having bought at $1.36 can always buy back but just playing it safe(For a change)

sold mine after there results, price didn't re-act as I was hoping brought a little above your price

[Beagle]

Sold my holding at open this morning as a precaution having bought at $1.36 can always buy back but just playing it safe(For a change)

Nice to see you learning and adapting. I'm interested in the stock but I can't see any possibility of upside at this point whereas on the other hand all the risk appears to be to the downside.

[percy]

Trading on very modest ratios.
A very soundly based business with excellent growth prospects.

[noodles]

Nice to see you learning and adapting. I'm interested in the stock but I can't see any possibility of upside at this point whereas on the other hand all the risk appears to be to the downside.

You want upside?
Gross Dividend yield 9.75%
Distance from Broker targets 30%
Total Potential return 39.75%
FY15 pe ratio:10.4

But wait, there is growth as well:
-"We have a further 450,000+ TCEs of premium apples expected to come into production by 2018 increasing our premiumapple volumes by 43% over 2014 levels"
We again re-affirm FY2015 IPO forecasts.• Beyond this, Scales is positioned for considerable growth: Historical orchard investment is expected to deliver meaningful uplift in premium volumes over next 5years+. A number of initiatives currently underway and scheduled for FY2015 are designed to deliver growth forStorage & Logistics. Meateor continues to diversify supply (both geographically and by protein type).• Scales is positioned conservatively, with considerable headroom in our financial covenants.

[Beagle]

You two gentlemen make a compelling case for the medium / long term. Hopefully the short term risks will pass soon enough with no material impact.

[tim23]

Couta - good luck but you may not buy back probably won't get back under $1.40 I reckon

[percy]

Well team,what is going on?
Queensland Fruit Fly!!!!!!????????????? [think I have put more ! and ?s than found flies]
Cyclone Pam.!!!!!!!!!!!!!!!????????????????????
Yet what is TA telling us? Buy signals!!!!???????
1] Share price $1.53 today.
2] 50 day EMA $1.52
3] 200 day EMA $1.51
4] Share price went through 200 day EMA on 22nd January 2015.
5] Golden Cross occurred 0n 25th February 2015.

[Snow Leopard]

Well team,what is going on?
Queensland Fruit Fly!!!!!!????????????? [think I have put more ! and ?s than found flies]
Cyclone Pam.!!!!!!!!!!!!!!!????????????????????
Yet what is TA telling us? Buy signals!!!!???????
1] Share price $1.53 today.
2] 50 day EMA $1.52
3] 200 day EMA $1.51
4] Share price went through 200 day EMA on 22nd January 2015.
5] Golden Cross occurred 0n 25th February 2015.

Well it is currently in two downtrends (8 months & 1 month) and one uptrend (4 month).

Does a 200 day average mean anything when you have only 161 trading days for the stock?

$1.51 is the new resistance? Vive La Résistance.

I am keeping mine.

Best Wishes
Paper Tiger

[percy]

I am keeping mine.

Best Wishes
Paper Tiger

Me too.!!!!!!
NB.160 day EMA is as per the 200EMA figure I quoted $1.51 according to Yahoo.

[RTM]

Me to.
It would be nice to see something from the company advising if the recent weather event has had any effect (other that watering) on their orchards. Similarly with SEK.

Me too.!!!!!!
NB.160 day EMA is as per the 200EMA figure I quoted $1.51 according to Yahoo.