Latest news with #ScottTechnology
Otago Daily Times
4 days ago
- Business
- Otago Daily Times
Scott Tech scores trussing contract in Canada
Scott Technology has inked $27 million in new global automation contracts across the food and beverage sector, including an entry into the Canadian poultry market. It has partnered with Maple Lodge Farms — one of Canada's largest independently-owned poultry processors — to design, build and install two 24-bird-per-minute trussing lines at the company's plant in Brampton. The world-first poultry trusser automated the labour-intensive task of trussing; tying chicken legs and wings. The North American poultry market was a $US95 billion ($NZ157b) industry with more than 900 million rotisserie chickens produced each year. Scott already has its trussing technology in the United States. Other contracts secured included major materials handling projects for brands such as Coca-Cola, DMK, Soubry and Altho. In a trading update, Scott said the group's trading performance for the year to date remained in line with expectations and reflected market conditions. Revenue to the end of the third quarter was down 7% on the previous corresponding period (pcp) while reported ebitda was now ahead of pcp. — APL
Otago Daily Times
28-04-2025
- General
- Otago Daily Times
Tribute paid to employees killed or injured at work
Karen Ferguson still remembers the day her dad, Mick Day, went to work and never came home. More than 35 years later, her emotions were still very raw, she said. "He worked for a construction company repairing things — he was a fix-it man. "But for some unknown reason, they sent him and another man down south to help demolish a bridge. "He could turn his hand at anything, so he thought he was doing the right thing by helping." He was standing on the bridge when it unexpectedly collapsed and killed him. "He was only 18 months off retiring." She said it was very difficult for her late mother and siblings to come to terms with. "I still feel that someone should have been held responsible, but each day, I keep trying to let it go and move on. That's hard to do. "Today is sad, but it's also nice to remember him." Karen Ferguson places a cross bearing her father's name at the Otago Workers' Memorial in Princes St. He was killed in a work accident 35 years ago. PHOTO: PETER MCINTOSH Yesterday, she was among about 40 people who gathered for Workers' Memorial Day at the Otago Workers' Memorial at the Market Reserve in Princes St, Dunedin. The day commemorates the people who were killed or injured at work. Every week in New Zealand, 18 workers are killed as a consequence of work, and every 15 minutes, a worker suffers an injury that requires more than a week off work. Every one of these incidents are preventable. Those present gave speeches about New Zealand's horrendous work safety records, laid wreaths and observed a minute's silence in remembrance of those killed at work. They also paid tribute to the man killed in an accident at Scott Technology last week. Workers' Memorial Day is an international trade union movement that calls for protecting and improving the systems that are intended to keep workers safe and healthy at work. The event was one of four held around the country yesterday.
Otago Daily Times
28-04-2025
- Otago Daily Times
Dad's death in workplace accident leaves 'enormous hole'
Michael Sherry died in a workplace accident at Scott Technology last week. Photo: Supplied A Dunedin father who died in a workplace accident last week has been remembered as a "family man" and a friend to all who met him. On Thursday, Michael Sherry, more commonly known as "Sherry," died at Dunedin robotics company Scott Technology Ltd during a serious accident on the job. He was today named in a death notice and a fundraising page set-up to support his surviving family. Emergency services were called to its Dunedin facility, in Kaikorai Valley Rd, about 3.45pm on Thursday. A police spokeswoman said police were investigating on behalf of the coroner, and a WorkSafe spokesman said they had also been notified of the death and would be investigating. A Givealittle has been set up to support his wife and two young children, aged three and five-months old. "A true lover of music and a friend to all who met him, Sherry's warmth, laughter, and kindness touched countless lives. "His sudden passing leaves an enormous hole in the hearts of everyone who knew and loved him," Mr Sherry was originally from Mackay, Queensland, and had "built a beautiful life with his family in Dunedin". "Sherry's greatest wish was to give his girls the world — to see them dream big, live fully, and know they were endlessly loved." A Scott Technology spokeswoman confirmed to the Otago Daily Times last week that a serious accident had occurred, and one person died. "We are deeply saddened by this tragic event, and our thoughts are with the individual's family, friends, and colleagues during this difficult time. "Our priority is supporting and protecting the family." Mr Sherry was employed as a PLC technician at Scott Technology since September 2023.
Otago Daily Times
28-04-2025
- Otago Daily Times
Workplace death leaves 'enormous hole' for family
Michael Sherry died in a workplace accident at Scott Technology last week. Photo: Supplied A Dunedin father who died in a workplace accident last week has been remembered as a "family man" and a friend to all who met him. On Thursday, Michael Sherry, more commonly known as "Sherry," died at Dunedin robotics company Scott Technology Ltd during a serious accident on the job. He was today named in a death notice and a fundraising page set-up to support his surviving family. Emergency services were called to its Dunedin facility, in Kaikorai Valley Rd, about 3.45pm on Thursday. A police spokeswoman said police were investigating on behalf of the coroner, and a WorkSafe spokesman said they had also been notified of the death and would be investigating. A Givealittle has been set up to support his wife and two young children, aged three and five-months old. "A true lover of music and a friend to all who met him, Sherry's warmth, laughter, and kindness touched countless lives. "His sudden passing leaves an enormous hole in the hearts of everyone who knew and loved him," Mr Sherry was originally from Mackay, Queensland, and had "built a beautiful life with his family in Dunedin". "Sherry's greatest wish was to give his girls the world — to see them dream big, live fully, and know they were endlessly loved." A Scott Technology spokeswoman confirmed to the Otago Daily Times last week that a serious accident had occurred, and one person died. "We are deeply saddened by this tragic event, and our thoughts are with the individual's family, friends, and colleagues during this difficult time. "Our priority is supporting and protecting the family." Mr Sherry was employed as a PLC technician at Scott Technology since September 2023. A police spokeswoman said they were investigating on behalf of the coroner, and a WorkSafe spokesman said they had also been notified of the death and would be investigating.
Yahoo
30-01-2025
- Business
- Yahoo
Calculating The Fair Value Of Scott Technology Limited (NZSE:SCT)
Scott Technology's estimated fair value is NZ$2.07 based on Dividend Discount Model Scott Technology's NZ$2.20 share price indicates it is trading at similar levels as its fair value estimate Scott Technology's peers seem to be trading at a higher premium to fair value based onthe industry average of -10% Does the January share price for Scott Technology Limited (NZSE:SCT) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. Check out our latest analysis for Scott Technology As Scott Technology operates in the machinery sector, we need to calculate the intrinsic value slightly differently. In this approach dividends per share (DPS) are used, as free cash flow is difficult to estimate and often not reported by analysts. Unless a company pays out the majority of its FCF as a dividend, this method will typically underestimate the value of the stock. We use the Gordon Growth Model, which assumes dividend will grow into perpetuity at a rate that can be sustained. For a number of reasons a very conservative growth rate is used that cannot exceed that of a company's Gross Domestic Product (GDP). In this case we used the 5-year average of the 10-year government bond yield (3.0%). The expected dividend per share is then discounted to today's value at a cost of equity of 7.8%. Compared to the current share price of NZ$2.2, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = NZ$0.1 / (7.8% – 3.0%) = NZ$2.1 Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Scott Technology as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.172. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Strength Debt is well covered by earnings. Weakness Earnings declined over the past year. Dividend is low compared to the top 25% of dividend payers in the Machinery market. Opportunity Annual earnings are forecast to grow faster than the New Zealander market. Good value based on P/E ratio compared to estimated Fair P/E ratio. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Scott Technology, there are three additional aspects you should assess: Risks: To that end, you should be aware of the 3 warning signs we've spotted with Scott Technology . Future Earnings: How does SCT's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NZSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
