Scales - SCL

[Pegasus2000]

Thanks for posting.

Seems a little extreme to rip them out, one wonders what the small holding of land would otherwise profitably be used for. Apples are here to stay (highly nutritious, keep in the fridge for ages).

Article refers to money invested to improve working conditions, probably not a bad thing for a hard job but wherever they got to with the harvesting robots a year back, in the near future I'd be very surprised if a harvest workforce of 13,000 is required. Sort of awful mechanical job that's just ripe for...

Keeping an eye on accumulating a few at present.

As a newcomer for advice, is it right to buy it when downtrend?

[mondograss]

As a newcomer for advice, is it right to buy it when downtrend?

As a general rule of thumb, no you don't want to buy something in a downtrend. However for a little over three years now, Scales has oscillated between about $4.10 - $5.40 with only the one dip below that point at the height of the COVID sell off. So now is definitely a good time to keep a close eye on it and watch for it to bottom out and start coming back up, then buy into the uptrend. You might not necessarily buy at the cheapest price but you'll probably sleep a little better knowing it's going up than going down.

[nizzy]

in contrast to Scales horticulture results, T&G had a good year. Said apples had delivered a strong result. Why so positive compared to Scales? What did they do differently? Securing vessel space? Apple quality?

[Pegasus2000]

As a general rule of thumb, no you don't want to buy something in a downtrend. However for a little over three years now, Scales has oscillated between about $4.10 - $5.40 with only the one dip below that point at the height of the COVID sell off. So now is definitely a good time to keep a close eye on it and watch for it to bottom out and start coming back up, then buy into the uptrend. You might not necessarily buy at the cheapest price but you'll probably sleep a little better knowing it's going up than going down.

Excellent! Thank you very much, mondograss.

[mondograss]

in contrast to Scales horticulture results, T&G had a good year. Said apples had delivered a strong result. Why so positive compared to Scales? What did they do differently? Securing vessel space? Apple quality?

Scales also had a record crop of apples and say that their Europe and UK sales were firm but they were impacted by Asia and the Middle East. The difference might just come down to when the T&G varieties were ready vs when the Scales varieties were ready and which markets were in lockdown at the time. With so much in flux it's probably a bit of a challenge to draw any meaningful conclusions.

[Pegasus2000]

$4.26, my hands are itching...... Think it is down with the main trend of NZX market. Probably back up with US market next week.

[kiora]

One also wonders if some of the trees pulled out are old varieties being replaced by the newer, sweeter varieties favoured these days, a replacement programme that has been ongoing for some years now.

Growing trees on wires increases production /ha by 30% plus easier to pick by hand or machine
https://www.fruition.net.nz/2020/03/...s-running-hot/

[Pegasus2000]

T&G Global already uses robotic picker :
https://www.farmweekly.com.au/story/...icker/?src=rss

Not sure if SCL uses the similar tech?

Beautiful apple growing system : https://www.fruition.net.nz/2020/03/...s-running-hot/

[nztx]

Hmmm .. SP seems to have slid a bit since I last looked ... are dividends being shelled out
in bushels of apples now, for that to have happened ?

[Kelvin]

SCL about to buy Villa Maria?

https://www.afr.com/street-talk/nz-l...0210322-p57cx4