Wednesday, June 9, 2021

Scales Corp: Annual General Meeting 2021

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!!


Saturday, March 27, 2021

Share Investor's 2021 Stock Picks ;)

Normally i clear my mind and focus on next year.

This year, like 2020, i choose to go another way.

It has kind of run its course and ill tell you why if you be so kind to listen.

What is a stock pick but really an advert for yourself to pick whatever you want based on various methods.

I don't want to do that anymore, I see it as not helpful at all.

I would rather you pick the stock based on what you have learnt either through me or some other means - your "own" stock picks if you like.

I realize during this #covid19 period, it will be tricky to pick good long term winners.

BUT perhaps you can do the picking for once and i will listen - as i always do - intently.

I also got 6 of my 7 "might haves" right. The NZ dollar WILL weaken at some stage.

How will all my stocks do?

Well they did well this year. Pilling on about 30%. 

But don't get me wrong next year is a little bit more harder to predict - so i wont.

Except to say they are basically all over priced, due to there being little else for investors to pick over they are picking over what is already there for income.

But that's what you expect to see during this truly horrid period of Govt largesse. 

Next year we will see more of the same but a different year - 2021.

Addendum: I have to add 2 stocks to my portfolio. 2 stocks I have not owned before. Spark and Scales. Spark because they have that 5g thing which probably will take off this year and while you wait you will get paid over 5% pa. 

Scales because they have the package. Conservatively run and on sale at the moment. AND there's rumours of Scales being the front runner for Villa Maria wines.

Love as always to Sophia & Jacks  💓

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Friday, December 11, 2020

Pacific Edge Ltd: Put that six shooter away

Pacific Edge Ltd (PEB) is a doozy.

It has recently moved into the black for me over the last few weeks just based on a single valuation that has become aware to the market - Jarden. 

It made the stock move to 98c on higher VOL.

But I suspect that along with the fact that the product, CX Bladder, is starting to gain some traction in the US, that a lot of this recent trading is of the sharesies the robinhood generation who have come to expect short term gains without really studying something.

This is not the place for that discussion.

So why is PEB a doozy?

I bought into the company because i see a potential winner here - way above Jarden's $1.40 per share.

I have looked at it for about 3 years and only just purchased it about 3 months ago.

Its a doozy because in amongst this you've got all these young folk who are just bidding up the price this week for no good reason other than Jarden put a figure on it. 

Its not going to made a profit for another 3 years, from the company itself!!

So corral your horses and put your six shooter away.

Your in for, a relatively (not for me) long wait of 3 years.

Just be patient.

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Wednesday, December 9, 2020

Trevor Mallard: We just want him to go

Trevor Mallard: False rape accuser
Trevor Mallard: False rape accuser and bum. 


It would be cruel to call Trevor Mallard a bum. 

He has never interested me at all, except his rudeness, lack of tact, hitting politicians and others and just general lack of self awareness has me drawn to him.

This time he has gotten away with something he did last year. He accused someone of rape who worked for parliament, got them sacked and publicly drawn through the mud.

Turns out this man didn't do it. 

When this man - quite rightly - got a payout, Trevor Mallard was conciliatory.

BUT what happed was that Trevor got his bills paid by you and me - including the payout which is censored to the public.

Furthermore he goes unrecognized as the person he is - he's a narcissist - in the eyes of the law. A person who tells the public's at large that "this man is a rapist". Hardly something that yours truly would be proud of.

Instead of facing a courtroom for the deep deep deep lies and untruths he spoke he is well and truly on the road to something else in the future.

On second thoughts he is a bum AND that's putting it mildly.

c Darren Rickard 2020