ANNUAL meeting over all went well, It was stated that franked dividends may resume next year and the Head office and warehouse will move to Horsley Road, Milperra this will happen in January 2008. latest share price is 47 cents..
WHO is Alan Scott owns about 70% of two public companies on the ASX they are K&S along with SCC. SCC has about two hundred trucks and tankers with two main divisions, Chemtrans & Bulktrans around Australia. From 1 OCT a tank cleaning biz called Hyde Park Tank Depot at Altona, Victoria.
There are a limited number of shares available and the price will rise as the companies IMPROVE..
JUST for you kennas a small state of affairs,, SCC. has 600 holders about $58 million capital the top 20 own $48 million leaving $10 million floating around in public so a tight situation.. Mr Scott appears hell bent on buying all back and he has the money to do it along with K&S not all at once just a bit at a time thats what makes it good for small FRY..
I bought a few of these just after they announced their first dividend for a long time...being a South Australian we are all aware of Allan Scott,but will he live long enough to buy back many more shares?
But ,seriously, SCC looked to me to have turned the corner,and I liked the language that they were using.
THANKS robert for your comments and good luck with your BUY,, Here in NSW most people don't know, Mr Archibald Alan Scott at all let alone that he owns most of Mt Gambier, SA. and well off. But at the A/meet it was asked of his health the reply was pretty good for an 83 year person and fit but if something did go wrong it is sure the next in line would carry on the