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28-08-2018, 09:48 PM
#261
Member
You wrote this 9 months ago:
Originally Posted by percy
If you care to read the out look statement, in every SCY annual report since 1991,26 years, you will note they have been cautiously optimistic.
We must keep in mind the share price of SCY and EBO, were very close in, I think, 1995.
So 10,000 SCY then had market value of $5,900.Same today,
while 10,000 EBO is worth $183,000 today.
Now that must focus any long term SCY shareholder's attention.
Tended to focus mine lol. And what you said to me at one of the CHCH meetings too.
I don't follow EBO but the difference would now be even greater.
Yes it is a shame, and I think they will just continue to meander along as a company with the finance side of the business propping up the rest.
I rarely go into Smith's City, but when I do (especially the Colombo Street store) there just never seems to be many customers there, but always lots of staff. Whereas places like Harvey Norman are always busy and the stores seen much more vibrant.
Last edited by dubya; 28-08-2018 at 09:55 PM.
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05-09-2018, 04:44 PM
#262
Percy ...you Mr Kerr ...or did you just tell him all this and that he had to get the house in order
http://nzx-prod-s7fsd7f98s.s3-websit...412/286152.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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05-09-2018, 04:51 PM
#263
Steve’s more of an IT guy but he’s probably right.
SCY will never be cheap as
For education purposes always worth watch train wrecks .... even if it’s only to recognise the next one when it comes along
Steve Biddle (@stevebiddle)
5/09/18, 4:38 PM
Smiths City will be like Dick Smith by early 2019. History. Can't turn around a failing business that doesn't even know what it wants to be or who it's target customers are. stuff.co.nz/business/10682…
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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05-09-2018, 04:56 PM
#264
Originally Posted by winner69
I note he refers to his experience with Paper Plus.
They struggle too.
No magic there either.
Last edited by percy; 05-09-2018 at 04:57 PM.
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05-09-2018, 05:21 PM
#265
Originally Posted by percy
I note he refers to his experience with Paper Plus.
They struggle too.
No magic there either.
I was being nice and didn’t mention that connection. The MTC chart doesn’t look too flash either.
Wonder what brings these execs to NZ .....Warehouse etc.
At least most of what he said was true
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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05-09-2018, 05:43 PM
#266
Yes the English execs have a poor record here and in Australia .Great at talking the talk,but can not walk the walk.
The South Africans are performers.
Store staff engaging the customer is difficult, when the customer does not come into the store.
Looking for a bar fridge for over Xmas.
Google. Leemings ………….45 litre...$249 and $269.
…………..Mitre 10...…….....112litre.$299.
…………..Harvey Norman...115 litre.$295...50 litre.$249.
…………..Smiths City...…...Haier 50 litre.$349...75 litre.$319
…………...Warehouse...…….Daewoo.140 litre.$239.
Yes you have guessed right.Looks as though Warehouse will be engaging me as a customer.
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05-09-2018, 09:33 PM
#267
Originally Posted by winner69
Loved his comments about out of date IT systems.
Previous Chairman Craig Boyce, would love that,considering he is and has been chairman of Datacom for some years.
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20-12-2018, 10:17 AM
#268
The battle continues and does not get any easier.
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20-12-2018, 10:32 AM
#269
Originally Posted by percy
The battle continues and does not get any easier.
I see your morbid fascination with this stock continues . I had a good read of the announcement and a glance at the financials. Was initially tempted to get in at 27.5 (I exited a while back in the 60's and high 50's) but after glancing the financial realised I have plenty of time to get back in if I want to and may not need to at all.
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13-12-2019, 08:40 PM
#270
Originally Posted by percy
The battle continues and does not get any easier.
Posted 20-12-2018.
The battle has got a lot harder.
6 months to 31st October.2019.
Revenue down 16.8% to $95,050,000
Loss $2,161,000.
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