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
Settlement of Bostock Group Transaction	Fri, Jun 14 2024 08:30 am	GENERAL
SPH Notice - Harbour Asset Management Limited	Wed, Jun 12 2024 05:30 pm	SHINTR
Ongoing Disclosure Notice - Mike Petersen	Fri, Jun 07 2024 03:01 pm	SHINTR
Global Proteins presentation	Fri, Jun 07 2024 08:30 am	MKTUPDTE
Results of 2024 Annual Shareholders' Meeting	Thu, Jun 06 2024 08:30 am	MEETING
2024 Annual Shareholders' Meeting Presentations	Wed, Jun 05 2024 03:30 pm	MEETING
Investment in Meateor Australia Joint Venture	Tue, Jun 04 2024 08:30 am	GENERAL
Transaction with Bostock Group	Thu, May 16 2024 08:30 am	GENERAL
Final Dividend - 2023 Financial Year	Wed, May 08 2024 02:37 pm	CORPACT
Annual Shareholders' Meeting	Fri, May 03 2024 08:44 am	GENERAL

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