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21-06-2017, 09:53 AM
#631
I read it as very positive.
They are buying equipment and most importantly "staff" very cheaply.
It is not an act of charity.
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21-06-2017, 10:30 AM
#632
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21-06-2017, 12:00 PM
#633
Member
Yea, just buying the gear. Maybe a few of existing supply contracts will come with it (but DC Ross was highly exposed to the Australian auto industry).
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21-06-2017, 02:54 PM
#634
Originally Posted by kiwidollabill
Yea, just buying the gear. Maybe a few of existing supply contracts will come with it (but DC Ross was highly exposed to the Australian auto industry).
SCT are paying $500,000 for the assets of 'DC Ross' and creditors the BNZ and Aorangi Laboratories are owed a combined $18.1m? That is one hell of a haircut for 'DC Ross' creditors. I looked at the deal and thought that the real asset was the twelve skilled staff. $500,000 could be less than Scott's might pay a recruitment agency to find such skilled staff, people that Scott's will need as they gear up their Kaikouri Valley site. Take out the staff and it looks like Scott's has acquired the DC Ross business for nothing! It doesn't take much new business to create a spectacular return on equity result from a business acquisition like that!
SNOOPY
Last edited by Snoopy; 07-01-2020 at 08:44 PM.
Reason: Change 'JC Ross' to 'DC Ross'
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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21-06-2017, 03:46 PM
#635
Member
Originally Posted by Snoopy
SCT are paying $500,000 for the assets of 'DC Ross' and creditors the BNZ and Aorangi Laboratories are owed a combined $18.1m? That is one hell of a haircut for 'DC Ross' creditors. I looked at the deal and thought that the real asset was the twelve skilled staff. $500,000 could be less than Scott's might pay a recruitment agency to find such skilled staff, people that Scott's will need as they gear up their Kaikouri Valley site. Take out the staff and it looks like Scott's has acquired the JC Ross business for nothing! It doesn't take much new business to create a spectacular return on equity result from a business acquisition like that!
SNOOPY
I think Aorangi Laboratories is an entity owned by the family shareholders of DC Ross. So yea, a pretty big haircut. Think some of the senior DC Ross staff also had skin in the game....
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27-07-2017, 11:53 AM
#636
Hello..anyone notice big crossing as below, also at higher price of $3.40 a piece.
6 |
3 |
11:29:07 am |
340 |
482,000 |
$1,638,800 |
Off Market |
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09-10-2017, 02:53 PM
#637
FY results should be out anytime now, price tracking well as reflected on trading depth.
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13-10-2017, 07:16 AM
#638
Member
A pretty strong result.
2017 Full Year Announcement
4:02pm, 12 Oct 2017 | FLLYR
12 October 2017
RE: SCOTT TECHNOLOGY LIMITED 2017 FULL YEAR ANNOUNCEMENT
Highlights
2017 2016
Revenue $132.6m +18% $112.0m
Net surplus before tax $14.9m +35% $11.0m
Cash flow from operating activities $13.4m $16.1m
Net cash / (overdraft) $26.7m $34.2m
Shareholder equity $97.2m $94.6m
Final dividend - fully imputed 6.0 cps 5.5 cps
Full year dividend 10.0 cps 9.5 cps
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13-10-2017, 09:56 AM
#639
Originally Posted by HITMAN
A pretty strong result.
2017 Full Year Announcement
4:02pm, 12 Oct 2017 | FLLYR
12 October 2017
RE: SCOTT TECHNOLOGY LIMITED 2017 FULL YEAR ANNOUNCEMENT
Highlights
2017 2016
Revenue $132.6m +18% $112.0m
Net surplus before tax $14.9m +35% $11.0m
Cash flow from operating activities $13.4m $16.1m
Net cash / (overdraft) $26.7m $34.2m
Shareholder equity $97.2m $94.6m
Final dividend - fully imputed 6.0 cps 5.5 cps
Full year dividend 10.0 cps 9.5 cps
Exactly, another solid performance from a quiet performer. Well Done SCT and Team.
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16-10-2017, 10:06 AM
#640
Member
Awesome to see the jump today, is it going to get to $4
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