Scales - SCL

[Beagle]

Stock on a PE of 19.3X.

Gross dividend yield of 5.9%.

Too high a multiple and too low a dividend (as an agricultural stock exposure) for me, especially with no growth and Chilean competition becoming stronger.

I agree. Those multiples are anything but compelling for what is primarily an agri stock. Happy to eat their apples though

[Balance]

I agree. Those multiples are anything but compelling for what is primarily an agri stock. Happy to eat their apples though

Happy to eat NZ apples - the best in the world.

The Australians cannot figure out how our apples are so much better (juicier, sweeter and crispier) than theirs now that they get NZ apples over there.

I told them that it's all due to the fair dinkum soil, climate and weather we get over here.

[IAK]

Bought into this company soon after listing, Quite happy to hold for the dividend yield.

Disc. Investor

[bull....]

think you should factor in assumption for acquisitions to come ( use the longview as a example ) it will change your figures dramatically.

anyway checkout my other favourite costa grp au has a pe of 31 similar pe for other similar companies around and you can see why overseas investors view a pe of 15 - 16 as cheap.

locals view pe.s as expensive , overseas people see as cheap

pe last yr 31 now 21 just goes to show high pe now can mean jack in the future when a company grows

[Beagle]

Yeah its growing apples but you must be reading a different presentation that the rest of us because it isn't growing EPS and neither is it forecasting too.
PE's don't contract when EPS reduces, they expand ! http://nzx-prod-s7fsd7f98s.s3-websit...829/275361.pdf - see page 4 ...these are NOT compelling numbers for any Bull...pretty compelling if you're a Bear though.

[Joshuatree]

Possible expansion into forestry as the govt s 1 billion trees plan takes shape. Good macro opps out there. Growing pine seedlings, etc.

[Well Endowed]

Not sure how far through the harvest they'd be, but looks like some fairly brutal weather in the Hawkes Bay

https://www.stuff.co.nz/national/102...ng-evacuations

[Balance]

Not sure how far through the harvest they'd be, but looks like some fairly brutal weather in the Hawkes Bay

https://www.stuff.co.nz/national/102...ng-evacuations

Will be covered by insurance?

[Well Endowed]

would insurance cover crop that is harvestable but lower grade due to skin imperfections, bruising etc?

edit: I'm not familiar with commercial fruitcrop insurance, but was of the understanding premiums were reasonably expensive (equating atleast 15% of total crop price each harvest). I'd have guessed if any insurance was in place it might be more for total loss rather than reduced quality?

[pierre]

would insurance cover crop that is harvestable but lower grade due to skin imperfections, bruising etc?

edit: I'm not familiar with commercial fruitcrop insurance, but was of the understanding premiums were reasonably expensive (equating atleast 15% of total crop price each harvest). I'd have guessed if any insurance was in place it might be more for total loss rather than reduced quality?

If there is any insurance, let's hope that it wasn't placed with CBL!