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Much More than Metal Prices; Why to Invest in Scope?
17/09/2014
Scope Metals Group supplies a wide variety of metals and engineering plastics products and provides its customers full logistical support – which makes it an interesting investment.
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SCOPE Hits the Hot Iron |
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The sales of Scope Metals Group, which is controlled by the Shiloh family and by the FIMI Fund, grew by 18% this quarter as compared to the same quarter last year, to NIS 367.7 million.
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SCOPE Closes a Strong Quarter - Share Jumps 13% - Profit up 41% |
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Today Scope Metals Group published its second quarter financial statements, showing a profit of approximately NIS 21.4 million as compared to NIS 15.2 million in same quarter last year, and increase of 41%, and as compared to NIS 10.5 million the previous quarter, an increase of 104%.
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Increased Activity in Europe and the US Leads to a 41% Incease in Net Profit |
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Increases in the European and American activities of Scope Metals, which is controlled by the Shiloh family and by the FIMI Fund, led to sales growth of 18% - and an increase in net profit. Net profit was NIS 21.4 million as compared to NIS 15.2 million in same quarter last year.
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Wall Street offering on the agenda – but not yet |
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Three weeks ago, Scope Metal Trading and Technical Services Ltd. (TASE: SCOP) notified the Tel Aviv Stock Exchange (TASE) that it was considering raising capital outside Israel.
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Record year for Scope Metal |
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Revenue surges 73% to over NIS 1 billion, and profit more than doubles to NIS 95.6 million.
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Precious metal: Scope Metal passes NIS 1 billion sales threshold in 2006 |
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Revenue totaled NIS 1.042 billion and net profit totaled NIS 96 million. The company’s shares reached the NIS 100 threshold. FIMI has made a paper profit of NIS 133 million on its investment in Scope Metal.
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Scope Metal’s investment in working capital increases risk, but the potential is still
great |
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Scope Metal’s investment in working capital increases risk, but the potential is still great. The past few years have been good for Israel’s Scope Metal Trading and Technical Services Ltd. (TASE: SCOP).
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Scope Metal revenue jumps 73% to NIS 1 billion in 2006 |
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Most of the increase came from growth in business in Israel and internationally, especially in the United States. Net profit totaled NIS 95.6 million, an increase of 128% over 2005.
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Scope Metal General Manager: We’re a logistics company that coincidentally trades in metals |
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When Shmuel Shiloh, the controlling shareholder, Chairman and General Manager Scope Metal Trading and Technical Services Ltd. (TASE: SCOP), is asked to summarize the company is a single sentence, he says, “We’re a logistics company that coincidentally trades in metals.”
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The Tel Aviv Stock Exchange (TASE) today published its semiannual updates |
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19/12/06
New indices’ composition published ahead of the semiannual update: Kardan NV joins the Tel Aviv 25 Index.
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Scope Metals will buy $40-44m worth of aluminum products |
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The company said that the agreement was another milestone in the expansion of the company’s international business.
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Iron Quarter for Scope: Posts NIS 50m operating profit. |
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Iron Quarter for Scope: Posts NIS 50m operating profit
FIMI CEO Yishai David invested NIS 157 million in Scope Metals eight months ago, and has made a paper profit of NIS 78 million.
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Scope's financials explain 54% rise since beginning of year, sales rose to NIS 274
million. |
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The third quarter results of Scope Metals Trading and Technical Services Limited. (TASE: SCOP) explain why the company, controlled by general manager Shmuel Shiloh, has risen 54%, and why First Israel Mezzanine Investors Ltd. (FIMI) CEO Yishai Davidi invested NIS 156 million in the company. Scope, an importer and marketer of metals, almost tripled its quarterly net profit, and it is continuing to expand its activities overseas.
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Striking while the iron is hot |
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A measure of the character of a public company is the congruence between the statements by its chiefs and the performance on the ground. A leading CEO once told us, “I don’t mind making statements about the long term, because if I’m wrong no one will remember anyway, and if I’m right, I’m a big winner.”
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Scope Metals - FIMI and Migdal's investment has ignited the company's international
growth. |
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Scope Metals – FIMI and Migdal’s investment has ignited the company’s international growth
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Scope Metals: Operating profit surges 94% to NIS 43.2 million |
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Scope Metals: Operating profit surges 94% to NIS 43.2 million
The increase in revenue and profit was thanks to overseas expansion. Ishay Davidi: The growth potential is not exhausted.
Irit Avissar
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Scope issues to Migdal Group 7% |
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One month after completing a deal with Ishay Davidi: Scope issues to Migdal Group 7% in return for NIS 30 million.
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FIMI Fund acquires 25% of Scope’s shares in return for NIS 157 million |
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13/02/06
The FIMI Opportunity Fund, managed by Ishay Davidi, is investing NIS 157 million in the metal company Scope.
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Scope seeks funds for expansion abroad |
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Scope seeks funds for expansion abroad: looking into the possibility of share issue in London.
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Scope enters America |
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16/12/05
Scope enters America with purchase of metal company and its inventory for USD 12 million.
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Scope is expanding its activities abroad |
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Scope is expanding its activities abroad: checking possible issuance of shares in the London stock exchange.
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Investment Houses Recommendation |
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Investment houses are recommending where to invest, while maintaining careful optimism.
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A busy day for Scope |
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A busy day for Scope: An A rating, an agreement with Clal Insurance and a USD 38 million aluminum purchasing agreement.
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