Scales - SCL

[Ghost Monkey]

So what's the verdict? "Strong growth"? Initial market reaction seems not... perhaps expecting more?

[LAC]

Hi W69, yes I thought when it reached the $3.40s it was well overpriced for me, ended up selling and buying again at $3.09. The hype of the Chinese just went a bit too far for me. I do think it will be great long term and $3 at the moment is "fair" value imo, wasn't saying its a bargain atm - but is a bargain long term
I am hoping to be wrong about the 34mil and Percy right Im just not sure if they will top the $39m from last year. (hope to be proven wrong)

Still think NPAT of 34 is about right for this one.

[drcjp]

Slide 5 explains quite a bit. Suspect we are in lull phase where volumes and market take breather to wait for new trees etc. to come on-line. Dumpers gotta dump.
Main uncertainty for me is impact and added value that CR should be bringing.

[winner69]

Jeez - never thought i'd see both Scales and Wynard at the top of the loser's board

[couta1]

Jeez - never thought i'd see both Scales and Wynard at the top of the loser's board

All out now, expecting this to drift back to around $3.10 at some point, will buy back then.

[Snow Leopard]

This is a good result and the future looks as fine as fine as can be.

Includes a profit upgrade who could ask for anything more?

Best Wishes
Paper Tiger

[couta1]

This is a good result and the future looks as fine as fine as can be.

Includes a profit upgrade who could ask for anything more?

Best Wishes
Paper Tiger

Mr Market.

[King1212]

SLI posted loss..up 12.5%
SCL posted profit down 6%

What the hell....market is so violate. It happened to ATM and CVT too....

[Balance]

SLI posted loss..up 12.5%
SCL posted profit down 6%

What the hell....market is so violate. It happened to ATM and CVT too....

You will always have traders who bought in anticipation of good results and who will sell irrespective. Headlines and headline numbers mean a lot to them.

Then you have longer term investors waiting for results to reposition their shareholdings - be them up or down.

The days post results - that's when it gets interesting. Analysts talk to management (and are allowed to discuss outlook etc) to 'fine-tune' their forecasts. The institutions identify which analyst is the best and/or closest to the company and rely on their forecasts to then buy or sell.

[drcjp]

You will always have traders who bought in anticipation of good results and who will sell irrespective. Headlines and headline numbers mean a lot to them.

Precisely. And my sources tell me a number of institutional/fund managing types are sweating of late due to poor decisions made 6 months ago.