scales corp logo

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy N/A (N/A) shares

Learn how to easily invest in N/A shares.

Scales is a diversified agribusiness portfolio with exposure to a range of primary sector opportunities across New Zealand. Shares in Scales Corporation Limited (SCL) can be bought and sold on the NZX. Keep reading for step-by-step instructions on how to buy SCL shares.

About our promoted products: Our ‘promoted’ products are presented as a result of a commercial advertising arrangement or to highlight a particular feature. Promoted products are not a recommendation, an indication a product is the best in its category, nor represent all products in the market. It is important to compare your options and find the right product for you.
Some of our promoted products are CFD providers. CFDs are complex financial products and traders are at high risk of losing all of or more than their initial investment

How to buy shares in Scales Corporation on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Scales Corporation. Find the stock by name or ticker symbol: SCL. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Scales Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Scales Corporation, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Scales Corporation. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Compare NZX share trading platforms

Name Product Available Investment Types Min. Monthly Fee Available Markets
OFFER
Sharesies
Shares, ETFs, Managed Funds, Index Funds
$0
US, NZ, AU, Funds with exposure to multiple markets
Finder Exclusive: Sign up through Finder and use the promo code "FINDER22" for a free Sharesies Wallet top-up valued at NZ$10. Promo code is valid for new investors from Tuesday 4 January 2022 - Friday 4 March 2022. Ts&Cs apply.
Trade and invest in more than 8,000 companies, ETFs and managed funds across New Zealand, the US and Australia.
ASB Securities
Shares, ETFs, Bonds
$0
NZ, AU, Funds with exposure to multiple markets
Direct Broking
Shares, ETFs, Bonds
$5 per month
NZ, AU, Funds with exposure to multiple markets
loading

Compare up to 4 providers

Scales Corporation overview and background

With a history dating back to the late 19th century, Scales is an agribusiness portfolio that services multiple markets across New Zealand. Today, it operates three divisions across the following sectors:

  • Horticulture. Brands in this division are Fern Ridge Produce and the country’s largest, fully integrated grower, packer and marketer of apples, Mr Apple.
  • Logistics. Scales Logistics provides supply chain services and specialises in primary produce exports.
  • Food ingredients. Brands include Meateor International and Shelby Foods, along with joint ventures Meateor Pet Foods LP and Profruit.

Scales Corporation is headquartered in Christchurch.

Performance and company results

In its 2020 annual report for the year ended 31 December 2020, Scales announced the following highlights:

  • Reported profit for the year of $26.6 million (down from $121.6 million in 2019)
  • Underlying EBITDA of $53.9 million (up from $52.7 million in 2019)
  • Underlying net profit after tax of $33.8 million (down from $36.4 million in 2019)
  • Earnings per share of 15 cents (down from 84.2 cents in 2019)
  • Revenue of $470.7 million (down from $484.6 million in 2019)
  • Dividends declared of 19 cents per share (same as 2019)

Key details

NameScales Corporation LimitedIndustryAgribusiness & Logistics
Ticker symbolSCLISINNZSCLE0002S8
TypeOrdinary SharesDate listed on NZX25 Jul 2014
End of financial yearDecemberIndependent chairmanTim Goodacre
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More guides on Finder

  • Tips for earning crypto while you sleep

    SPONSORED: Want to put your cryptocurrency to work? Put your portfolio on autopilot and start earning interest 24/7 with a range of methods.

  • Best Shiba Inu (SHIB) wallets

    Shiba Inu (SHIB) is an ERC20 token that can be stored in any Ethereum wallet. Pick a SHIB wallet for long-term storage, short-term trading, or both.

  • Dogecoin vs Shiba Inu

    We dive into the two most prominent meme coins to understand their similarities and differences, and to compare them on supply and other features.

  • Bitcoin ETFs guide

    Bitcoin ETFs sound simple, but come in many different forms. We unpack how they work, what makes them different and compare exchanges that let you trade them.

  • How to buy BITO ETF (BITO) shares

    Steps to owning and managing ProShares Bitcoin Strategy ETF, with 24-hour and historical pricing before you buy.

  • Solana (SOL) price prediction 2022

    Your guide to what to expect for the price of Solana (SOL) in the weeks and months ahead.

  • How to stake Tron

    Find out how to stake your TRX tokens and how Tron’s delegated proof-of-stake consensus mechanism works.

  • How to buy Illuvium (ILV) in New Zealand

    This guide will show you step-by-step instructions on how to buy the Illuvium (ILV) token as well as a list of exchanges you can trade it on.

  • How to stake and earn AAVE

    Find out how to leverage AAVE token holdings to earn interest. Stake in the Aave safety module or provide liquidity to a DeFi protocol.

  • How to stake NEO

    NEO staking involves locking up NEO tokens to earn rewards.

Go to site