Scales - SCL

[Beagle]

Institutions starting to buy very early in the piece regarding index's entry on Friday 16th. That suggests to me there's a lot of rebalancing to be done. Last time they started buying in volume this early was what happened with CVT which popped 20%...might be a good but somewhat speculative wave to surf ? Not sure about $4 but you never know... $3.25 plus 20% = $3.90 !

[vin]

A couple of days before SCL enters the NZX50, thoughts on SP direction? Been a bit quiet around here!

"Index inclusion will also be positive for existing shareholders and will
bring the company to the attention of a wider group of New Zealand and
offshore investors."

[In4a$]

[QUOTE=vin;636773]A couple of days before SCL enters the NZX50, thoughts on SP direction? Been a bit quiet around here!
With the stocks I have followed over the years for most the price doesn't change much with inclusion, so my estimate is only a small rise if any.

[Fox]

Strong momentum with solid volumes being traded, good lead up to the inclusion. Might see $3.4X soon, but I imagine some holders will take this opportunity to unload some shares whilst the demand is there.

[winner69]

Salt been selling down the last few months

Salt and apples don't seem a natural fit

[sb9]

Salt been selling down the last few months

Salt and apples don't seem a natural fit

May be they're shifting funds to pour into VIL, TWR etc....throwing good money after bad perhaps???

[tim23]

Thought Salt just reduced theit TWR holding?

[winner69]

Nzx50 entry announced 5/9 and share price closed up 10 cents at 333

Last Monday share price 323

Volumes (above average) built during last week (and pre open this morning) taking share price to 336

Was this index buying - probably

Share price drifted down to 330 today on light volumes - index buying all over?

Looks like that's all we going to get from inclusion in the index

Share price to weaken from here - seeing 'strong growth' not happening

[janner]

Looks like that's all we going to get from inclusion in the index

Are you disappointed with the price rise, from the time of your initial investment ??

I am not..

Disc.. Happy Holder..

[winner69]

Are you disappointed with the price rise, from the time of your initial investment ??

I am not..

Disc.. Happy Holder..

No but the rate of return is diminishing as time passes

I've seen that fall from 147% pa in early May to 84% pa today

Share price today lower than it was early way - negative returns over 3 months and a bit - not good

Time is not always your friend - esp when things aren't moving much (or slowly stagnating)