Scales - SCL

[percy]

Great to see Craigs putting Scales in the spotlight

http://blog.craigsip.com/stock-comment-scales-scl/

Now they just need to get their spreadsheet out and redo their earnings estimates.

Thanks for posting the link....
Blog??????
Well I learn something new every day.Never thought to read their blog!!!
I am with your projections..!

[sb9]

They have a lower eps forecast than I do.

BREAKING NEWS. With the recent fall in the NZD over the last couple of days, I've upgraded my FY16 eps = 20c

Make projected sp $2.20 then...thanks noodles.

[noodles]

Make projected sp $2.20 then...thanks noodles.

I look at it differently....
Craigs have fy16 eps = 1.70/10.7 = 15.8c
Craigs have a target price of $1.90
Therefore Craigs apply a target pe multiple of 1.90/.158= 11.95

So using my eps, the target price using a Craigs multiple = .20 * 11.95 = $2.39

http://www.4-traders.com/SCALES-CORP...561/consensus/

I note the other broker applies a pe=13.

[sb9]

Anything over $2 would be fine by me

[Sideshow Bob]

from Farmers Weekly

http://viewer.zmags.com/publication/...e#/a4a4f66e/15

[sb9]

from Farmers Weekly

http://viewer.zmags.com/publication/...e#/a4a4f66e/15

Thanks for that sideshow bob. Very good read and quite reassuring about earnings potential going forward. Lower nzd is big boost for their exports. $2 in not too distant future I reckon.

[percy]

I look at it differently....
Craigs have fy16 eps = 1.70/10.7 = 15.8c
Craigs have a target price of $1.90
Therefore Craigs apply a target pe multiple of 1.90/.158= 11.95

So using my eps, the target price using a Craigs multiple = .20 * 11.95 = $2.39

http://www.4-traders.com/SCALES-CORP...561/consensus/

I note the other broker applies a pe=13.

I hope the other broker is correct,$2.60 ...???
I am "well positioned".

[Beagle]

I am a little surprised given the precipitous fall in the $Kiwi this one hasn't shown a bit more "juice" already. Buying opportunity for those looking for a good exporter that's been perhaps a little overlooked ?

[winner69]

I hope the other broker is correct,$2.60 ...???
I am "well positioned".

Noodles says $2.39 the other day

A rerating on that and $3 on the cards .....that's my target

[macduffy]

I am a little surprised given the precipitous fall in the $Kiwi this one hasn't shown a bit more "juice" already. Buying opportunity for those looking for a good exporter that's been perhaps a little overlooked ?

Probably tempered by the fact that Scales has hedged its sales contracts this season. Hedging works both ways!