SCT - Scott Tech

[Snoopy]

SCT are about to move into their new larger premises in Dunedin...

Are you based in Dunedin Steve? If so how much do you reckon the old site is worth?

SNOOPY

[Lizard]

I would have thought it was pretty good news. From what I know, Rocklabs is fairly similar business to ASX:ESS - a company which has performed rather well in recent years.

I think this will create some interest in SCT - though whether the transaction was at a fair price or can be integrated successfully with SCT current business is difficult to tell.

[Steve]

Are you based in Dunedin Steve? If so how much do you reckon the old site is worth?

SNOOPY

Unfortunately, SCT rent the premises from a company associated with Graeme Marsh who was involved with SCT for years.

I believe that the new premises will also be rented from interests of graeme as well, so Graeme will most likely end up being the major winner here...

[sharer]

I was appalled to hear on RadioNZ a senior SCT person saying that they too are considering shifting their manufacturing plant overseas, probably to China.

[Under Surveillance]

I was appalled to hear on RadioNZ a senior SCT person saying that they too are considering shifting their manufacturing plant overseas, probably to China.

Thanks, sharer. Can you help by giving the station, date and approximate time when you heard this broadcast? I would like to listen to it on replay to get the context. No doubt (yeah, right) the theme will be fully-explored in the prospectus for the rights issue, but there's no knowing when that will materialise.

Not directly relevant, but I see that SCT are now advertising for 2 General Managers. The blurb, on the SCT website, contains the gem that revenue this year is expected to be $55 million. This compares with $46.6 million in FY 2010, +17%.

[sharer]

Thanks, sharer. Can you help by giving the station, date and approximate time when you heard this broadcast? I would like to listen to it on replay to get the context....

I didn't make a note, but it must have been NatRadio, probably in their regular "business" section after midday, yesterday, i'm guessing.
Anything on their website?

[Under Surveillance]

I've drawn a blank on both of those avenues, sharer. Never mind. Might just have been the chairman thinking aloud, in his vacuous style.

[percy]

I've drawn a blank on both of those avenues, sharer. Never mind. Might just have been the chairman thinking aloud, in his vacuous style.

Phone the company secretary,Greg Chiles ,[03]4788110 and ask him to post a link on the company's web site.Any problems, ask him to get Chris Hopkins to give you a ring.!!!

[Snoopy]

I was appalled to hear on RadioNZ a senior SCT person saying that they too are considering shifting their manufacturing plant overseas, probably to China.

That wouldn't make sense with either their robotics or appliance line businesses. SCT is a skill dependent business and it would take years, even decades to train up a Chinese workforce to replace what they have in Christchurch and Dunedin.

However, with the newly acquired electromagnet business and some of the more more 'standard product' coming out of Rocklabs in Auckland, perhaps moving some production to China might make sense.

SNOOPY

[Under Surveillance]

That wouldn't make sense with either their robotics or appliance line businesses. SCT is a skill dependent business and it would take years, even decades to train up a Chinese workforce to replace what they have in Christchurch and Dunedin.

However, with the newly acquired electromagnet business and some of the more more 'standard product' coming out of Rocklabs in Auckland, perhaps moving some production to China might make sense.


SNOOPY

Snoopy, here is an item which gives insight into the nature of SCT's activities in China.

http://www.asianz.org.nz/our-work/ac...ott-technology