Scales Corp has come on to my portfolio this year. I got some at $4.64c and have been buying at between that price all the way down to $4.38c. It is currently trading at $4.90 cum dividend - which it has been kinda trading for about 3 years.
I have patiently waited on the side-lines for about 3 years to grab a stake. I got this stake at a discounted price because it has had a so so year - #covid19. It is currently generating 19c a share in divs and has over $100m dollars in the bank.
There has been talk over the last 3 months or so that Scales Corp is the number one contender for the business Villa Maria although recently that particular rumour has been quashed by the market in general.
That rumour I think will be addressed today at the annual meeting of SCL today at 3.15pm along with guidance perhaps for the 6 months to a year ahead - like they always do. Scales various business units will also be up for scrutiny - like they always do - to get a picture of what and how they will be doing and how they could be doing in the next 6 months.
So strap yourself in and take in Scales Annual Meeting this afternoon. Your question MAY be answered!!
c Share Investor 2021
