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Thread: Scales - SCL

  1. #151
    percy
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    Quote Originally Posted by winner69 View Post
    Scales report didn't have a Maori bit .... bad form
    Yeah right!!
    Still the best annual report I have read in a long time.

  2. #152
    Speedy Az winner69's Avatar
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    Quote Originally Posted by percy View Post
    Yeah right!!
    Still the best annual report I have read in a long time.
    The HNZ Maori version?

  3. #153
    percy
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    Quote Originally Posted by winner69 View Post
    The HNZ Maori version?
    No...........................................
    Although I must admit to trying to work out what "well positioned" was in Maori !
    Guess you know what "onward and upwards "is ???
    Last edited by percy; 17-04-2015 at 09:47 AM.

  4. #154
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    Fairly decent volume thro today, almost 800k shares so far.

    Good finish at close to 162 supported by big volume, always a good sign price up with volume
    Last edited by sb9; 17-04-2015 at 05:07 PM.

  5. #155
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    Chris Lee's impact today I guess, good finish with big volume for the day.

  6. #156
    ShareTrader Legend Beagle's Avatar
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    Good solid business with great growth and trading on undemanding multiples. Plenty of juice to come with this one

  7. #157
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    Quote Originally Posted by Roger View Post
    Good solid business with great growth and trading on undemanding multiples. Plenty of juice to come with this one
    Yes fundamentally ok. But the technicals are also very strong...

    A new closing high above the $1.60 technical resistance and ipo price. All this on high volume.
    This is a high probability breakout trade.

    Are there any breakout traders on the forum taking part in this?
    No advice here. Just banter. DYOR

  8. #158
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    This stock is covered by 2 brokers. The is still a 27% spread between the current price and the average broker target. Given the current overvaluation on the NZX, I think it would be hard to find a profitable company with such a high spread.

    So as you say Roger, plenty of juice.

    Reference to 27%
    http://www.4-traders.com/SCALES-CORP...561/consensus/
    Last edited by noodles; 17-04-2015 at 07:46 PM.
    No advice here. Just banter. DYOR

  9. #159
    Reincarnated Panthera Snow Leopard's Avatar
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    Cool Precocious Panthera Tigris

    Quote Originally Posted by Paper Tiger View Post
    And I finished doubling up from my initial holding today.

    Best Wishes
    Paper Tiger
    Quote Originally Posted by noodles View Post
    Yes fundamentally ok. But the technicals are also very strong...

    A new closing high above the $1.60 technical resistance and ipo price. All this on high volume.
    This is a high probability breakout trade.

    Are there any breakout traders on the forum taking part in this?
    Yes - but I got in a week early .


    Best Wishes
    Paper Tiger
    om mani peme hum

  10. #160
    Junior Member Goldendigger's Avatar
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    Does anyone know why the SP dropped so much after the IPO? Only good indicators now, I might have to buy in next week.

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