Scales Corporation

Scales Corporation is a diversified agribusiness with a group of horticulture, logistics and food ingredient companies. The company is a large exporter of apples, sending almost 6 million tray carton equivalents overseas in 2019.

Through subsidiary brands, Scales processes and markets petfood ingredients and juice products to NZ, Australian and US markets.

The company has been listed on the NZX since 2014 and has been run by managing director, Andrew Borland since 2011.


Company Details

Registered Office: 52 Cashel Street, Christchurch Central, Christchurch 8013
Postal Address: PO Box 1590, Christchurch 8140
Telephone: +64 3 379 7720
Facsimile: +64 3 379 7720
Website: www.scalescorporation.co.nz
First Listed: 25/07/2014
Balance Date: 31 December
AGM: 07/06/2023

Directors and Executives

Tony Batterton
Independent Non-Executive Director
Andy Borland
Executive Director
Miranda Burdon
Independent Non-Executive Director
Brett Frankel
General Manager
Nick Harris
Independent Non-Executive Director
Alan Isaac
Independent Non-Executive Director
Steve Kennelly
Chief Financial Officer
Michael Petersen
Chair
Xin Qi
Non-Executive Director
Geoff Smith
Chief Operating Officer
Nadine Tunley
Independent Non-Executive Director

Announcements

Title Date Type
Capital Change Notice Wed, Dec 04 2024 01:20 pm SECISSUE
Market Update Wed, Dec 04 2024 08:30 am MKTUPDTE
Ongoing Disclosure Notice - Miranda Burdon Tue, Oct 29 2024 08:35 am SHINTR
Sale of China Resources stake in Scales Fri, Oct 25 2024 04:48 pm GENERAL
SPH Notice - FirstCape Group Limited Fri, Oct 25 2024 04:43 pm SHINTR
SPH Notice - Craigs Investment Partners Limited Fri, Oct 25 2024 04:01 pm SHINTR
SPH Notice - China Resources Enterprise, Limited ("CRE") Fri, Oct 25 2024 10:22 am SHINTR
SPH Notice - Accident Compensation Corporation (ACC) Thu, Oct 24 2024 03:10 pm SHINTR
SPH Notice - Craigs Investment Partners Limited Thu, Oct 24 2024 09:36 am SHINTR
SPH Notice - China Resources Enterprise, Limited ("CRE") Thu, Oct 24 2024 08:43 am SHINTR

Major Holdings Announcements

Date Name No. Held % Current
11/04/23 Jarden Securities Limited and Harbo 13,557,572 10.59 9.50
25/07/22 China Resources Enterprise, Limited 21,500,000 - 15.06
25/07/22 China Resources Ng Fung Limited - 15.38 -
25/03/20 Salt Funds Management Limited 6,888,952 5.01 4.87
09/05/19 Harbour Asset Management Limited 11,821,854 8.24 8.36
15/06/18 Jarden Partners Limited. 13,197,589 8.24 9.37
29/03/16 Direct Capital Investment Limited 3,723,978 18.05 2.66
29/03/16 Guardians of New Zealand Superannua - 18.05 -
23/03/16 Westpac Banking Corporation 6,720,354 5.49 4.81

Director’s Interests Announcements

Date Name No. Held % Details Other
10/11/23 Michael Carl Petersen 15,000 - - -
24/08/23 Anthony David Batterton 83,891 - - -
27/04/23 Andrew James Borland 930,310 - - -
27/04/23 Stephen Brent Kennelly 171,323 - - -
27/04/23 Geoffrey David Smith 15,507 - - -
29/03/23 Nicholas John Harris 250,000 - - -
01/03/23 Miranda Burdon 40,000 - - -
15/03/19 Kent Robert Ritchie 280,060 - - -

Analysts’ Forecasts

profit2021 profit2022 eps2021 dps2021 sales2021 ebit2021 ebitda2021
mean 7.7 33.3 12.9 8.5 562.7 46.2 65.5
high 7.7 33.3 12.9 8.5 562.7 46.2 65.5
low 7.7 33.3 12.9 8.5 562.7 46.2 65.5
sample 1 1 1 1 1 1 1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.
Last Updated: 18/01/2024


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