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
Ongoing Disclosure Notice - Multiple Thu, Sep 05 2024 02:57 pm SHINTR
Appointment of Chief Risk Officer Mon, Sep 02 2024 10:47 am ADMIN
2024 Interim Results announcement Wed, Aug 28 2024 08:30 am HALFYR
2024 Interim Results - announcement date Wed, Aug 07 2024 08:30 am GENERAL
Sale of Apple Orchards Tue, Jul 16 2024 08:30 am GENERAL
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

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


Markets News

Kicking the tyres on Fletcher's residential business
Markets

Kicking the tyres on Fletcher's residential business

It has 4,200 lots and more than $1 billion in land and developments. Who wants a stake?

Policy

London calling for NZ Super Fund

The NZ Superannuation Fund could benefit from representation in a major global city.

London calling for NZ Super Fund
Markets

Burning through the books: NZICC fire fuels accounting chaos

The NZICC inferno unleashed a complex accounting task too.

Burning through the books: NZICC fire fuels accounting chaos
Markets Market close

NZ sharemarket up slightly, September's uncertainty continues

The S&P/NZX 50 Index increased 11.2 points, or 0.09%, to 12,632.82.

Gregor Thompson 10 Sep 2024
NZ sharemarket up slightly, September's uncertainty continues
Retail

Cooks Coffee turnaround continues as sales rise 23.1%

Executive chair Keith Jackson says coffee is the new tea in the British Isles.

Gregor Thompson 10 Sep 2024
Cooks Coffee turnaround continues as sales rise 23.1%