Scales - SCL

[RTM]

Or maybe you could own both so that Queensland Fruit Fly or a major hailstorm / drought or.....??? in Hawkes Bay does not affect you so much.
Disc: Own both SCL & Gentailers. Even if it is a bit boring.

[noodles]

Or maybe you could own both so that Queensland Fruit Fly or a major hailstorm / drought or.....??? in Hawkes Bay does not affect you so much.
Disc: Own both SCL & Gentailers. Even if it is a bit boring.

A fair comment. There are some major risks with the Scales business.

The orchards are well spread around the Hawkes bay, so a hailstorm will not wipe out the whole crop. It is good to see MPI are being a bit over the top with their actions on QFF.

Regarding gentailers, you will be well aware of the Tiwai point shutdown risks as well.

Risk free does not exist on the sharemarket

[tim23]

Probably have hail insurance or may have some orchards covered with permanent nets that means hail insurance not necessary?

[sb9]

http://www.3news.co.nz/nznews/mpi-cu...#axzz3Z873aoR8

Looks like the fruit fly hangover is almost gone....

[Jantar]

A good rise today on large volume. Has someone got wind of the dividend early?

[sb9]

A good rise today on large volume. Has someone got wind of the dividend early?

Decent volume today, must be some heavy buying before the dividend announcement later in the month.

[sb9]

https://nzx.com/companies/SCL/announcements/263922

Salt Funds upped their holding....

[sb9]

Next stop $1.70...?

[Beagle]

Its looking very juicy and very tempting to take another bite

[Gunny]

How El Nino proof are our Scales orchards? I am seeing news of early signs of one occurring.

Knowing some areas of NZ are effected more than others and the importance of water to the crops there are obviously some risks. I note NZ is not as effected as others like AUS but there are still impacts with drought risks in some areas, higher winds and rainfall in others.

I have not DMOR in detail yet but interested on comments on same i.e. areas crops are compared to high risk areas of a possible El Nino, mitigation of risks by the water supplies, wells etc. that are in place. Possible wind impacts?

Happy, confident holder and looking forward to announcement's this month. Plan to stay in for long term at this stage and seeing a bright future.